Santander Consumer USA (NYSE:SC) – Research analysts at Oppenheimer lifted their Q3 2018 earnings per share estimates for shares of Santander Consumer USA in a report issued on Wednesday, April 25th. Oppenheimer analyst B. Chittenden now forecasts that the financial services provider will earn $0.54 per share for the quarter, up from their previous estimate of $0.50. Oppenheimer currently has a “Hold” rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Santander Consumer USA from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. JPMorgan Chase raised shares of Santander Consumer USA from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $20.50 to $16.00 in a research note on Friday, January 12th. Morgan Stanley increased their price target on shares of Santander Consumer USA from $18.00 to $19.50 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Goldman Sachs downgraded shares of Santander Consumer USA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $19.00 in a research note on Monday, February 26th. Finally, UBS initiated coverage on shares of Santander Consumer USA in a research note on Wednesday, March 28th. They set a “neutral” rating and a $17.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.71.

NYSE:SC opened at $18.63 on Friday. The company has a market cap of $6,707.31, a price-to-earnings ratio of 10.71, a P/E/G ratio of 4.75 and a beta of 1.11. Santander Consumer USA has a fifty-two week low of $11.12 and a fifty-two week high of $19.02.

Santander Consumer USA (NYSE:SC) last posted its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.27. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. Santander Consumer USA had a net margin of 19.62% and a return on equity of 12.73%. During the same quarter last year, the firm posted $0.40 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Friday, May 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 3rd. Santander Consumer USA’s dividend payout ratio is presently 11.49%.

Several hedge funds have recently modified their holdings of SC. Advisors Preferred LLC raised its stake in shares of Santander Consumer USA by 1,000.4% in the 4th quarter. Advisors Preferred LLC now owns 5,480 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 4,982 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Santander Consumer USA by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 717 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Santander Consumer USA in the 4th quarter valued at $161,000. Crow Point Partners LLC raised its stake in shares of Santander Consumer USA by 59.8% in the 4th quarter. Crow Point Partners LLC now owns 9,348 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 3,500 shares during the period. Finally, OxFORD Asset Management LLP purchased a new position in shares of Santander Consumer USA in the 3rd quarter valued at $190,000.

About Santander Consumer USA

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.

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

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