Equities analysts predict that Santander Consumer USA Holdings Inc. (NYSE:SC) will announce $1.60 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Santander Consumer USA Holdings’ earnings. The highest sales estimate is $1.63 billion and the lowest is $1.56 billion. Santander Consumer USA Holdings reported sales of $1.64 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The company is expected to report its next earnings results on Wednesday, November 8th.

On average, analysts expect that Santander Consumer USA Holdings will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $6.22 billion to $6.56 billion. For the next financial year, analysts anticipate that the company will report sales of $6.53 billion per share, with estimates ranging from $6.37 billion to $6.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Santander Consumer USA Holdings.

Santander Consumer USA Holdings (NYSE:SC) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. Santander Consumer USA Holdings had a net margin of 10.40% and a return on equity of 12.47%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue for the quarter was down 5.6% on a year-over-year basis.

A number of brokerages have recently issued reports on SC. Piper Jaffray Companies upgraded Santander Consumer USA Holdings from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $17.00 in a research report on Wednesday. Stephens restated an “equal weight” rating and set a $14.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, August 25th. UBS AG restated a “buy” rating and set a $15.00 price objective (down from $15.50) on shares of Santander Consumer USA Holdings in a research report on Wednesday, August 2nd. BidaskClub downgraded Santander Consumer USA Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $18.00 price objective on shares of Santander Consumer USA Holdings in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Santander Consumer USA Holdings has an average rating of “Hold” and an average target price of $14.92.

In other news, CFO Ismail Dawood acquired 5,000 shares of Santander Consumer USA Holdings stock in a transaction on Thursday, June 29th. The stock was purchased at an average price of $12.94 per share, with a total value of $64,700.00. Following the completion of the purchase, the chief financial officer now owns 127,609 shares of the company’s stock, valued at approximately $1,651,260.46. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.36% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Santander Consumer USA Holdings by 4.7% in the second quarter. Vanguard Group Inc. now owns 9,032,559 shares of the financial services provider’s stock worth $115,256,000 after buying an additional 403,894 shares during the period. Credit Suisse AG boosted its stake in shares of Santander Consumer USA Holdings by 150.7% in the first quarter. Credit Suisse AG now owns 8,670,592 shares of the financial services provider’s stock worth $115,492,000 after buying an additional 5,212,423 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Santander Consumer USA Holdings by 28.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,420,715 shares of the financial services provider’s stock worth $56,411,000 after buying an additional 966,516 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Santander Consumer USA Holdings by 4.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,801,644 shares of the financial services provider’s stock worth $50,638,000 after buying an additional 170,626 shares during the period. Finally, Harbor Spring Capital LLC boosted its stake in shares of Santander Consumer USA Holdings by 12.9% in the second quarter. Harbor Spring Capital LLC now owns 3,363,110 shares of the financial services provider’s stock worth $42,913,000 after buying an additional 384,110 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

Santander Consumer USA Holdings (NYSE SC) opened at 13.79 on Wednesday. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 7.30 and a beta of 1.29. The stock’s 50 day moving average is $13.16 and its 200 day moving average is $12.95. Santander Consumer USA Holdings has a 52-week low of $10.57 and a 52-week high of $15.47.

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About Santander Consumer USA Holdings

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

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Earnings History and Estimates for Santander Consumer USA Holdings (NYSE:SC)

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