Santander Consumer USA Holdings Inc. (NYSE:SC) Posts Earnings Results

Santander Consumer USA Holdings Inc. (NYSE:SC) released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08, Morningstar.com reports. Santander Consumer USA Holdings had a return on equity of 12.47% and a net margin of 10.40%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $0.79 EPS. The company’s revenue was down 5.6% compared to the same quarter last year.

Santander Consumer USA Holdings (NYSE SC) traded up 1.45% during mid-day trading on Tuesday, reaching $13.28. The company’s stock had a trading volume of 1,514,025 shares. Santander Consumer USA Holdings has a 52 week low of $10.57 and a 52 week high of $15.47. The firm has a market capitalization of $4.77 billion, a P/E ratio of 7.03 and a beta of 1.29. The firm’s 50 day moving average price is $12.82 and its 200 day moving average price is $12.98.

A number of equities analysts recently commented on SC shares. Zacks Investment Research cut Santander Consumer USA Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Santander Consumer USA Holdings in a research report on Friday, July 21st. Compass Point raised Santander Consumer USA Holdings from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.50 to $16.00 in a research report on Thursday, April 27th. BidaskClub raised Santander Consumer USA Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Piper Jaffray Companies began coverage on Santander Consumer USA Holdings in a research report on Friday, June 9th. They set a “neutral” rating and a $13.50 target price on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Santander Consumer USA Holdings has a consensus rating of “Hold” and an average price target of $14.63.

In other Santander Consumer USA Holdings news, CFO Ismail Dawood bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the transaction, the chief financial officer now owns 117,609 shares of the company’s stock, valued at approximately $1,445,414.61. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 15,000 shares of company stock valued at $182,400 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Santander Consumer USA Holdings by 9.7% in the fourth quarter. State Street Corp now owns 1,426,253 shares of the financial services provider’s stock worth $19,256,000 after buying an additional 126,490 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Santander Consumer USA Holdings by 46.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,577,669 shares of the financial services provider’s stock worth $34,799,000 after buying an additional 816,761 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Santander Consumer USA Holdings during the fourth quarter worth about $833,000. Norges Bank purchased a new stake in shares of Santander Consumer USA Holdings during the fourth quarter worth about $19,069,000. Finally, Denali Advisors LLC boosted its stake in shares of Santander Consumer USA Holdings by 118.0% in the first quarter. Denali Advisors LLC now owns 1,123,900 shares of the financial services provider’s stock worth $14,970,000 after buying an additional 608,400 shares during the last quarter. 93.20% of the stock is owned by hedge funds and other institutional investors.

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Santander Consumer USA Holdings Company Profile

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 for Santander Consumer USA Holdings (NYSE:SC)

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