Santander Consumer USA (NYSE:SC) announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04, MarketWatch Earnings reports. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Santander Consumer USA had a net margin of 12.56% and a return on equity of 12.95%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share.
Shares of NYSE SC traded down $0.19 during midday trading on Wednesday, reaching $20.94. 367,056 shares of the company were exchanged, compared to its average volume of 1,353,072. The stock has a market cap of $7.41 billion, a PE ratio of 8.24, a PEG ratio of 1.13 and a beta of 1.11. Santander Consumer USA has a one year low of $16.10 and a one year high of $22.91.
The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.82%. Santander Consumer USA’s payout ratio is presently 31.50%.
In related news, insider Richard Morrin sold 17,422 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $21.22, for a total value of $369,694.84. Following the sale, the insider now owns 59,203 shares of the company’s stock, valued at $1,256,287.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sunil Sajnani sold 5,946 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $20.83, for a total transaction of $123,855.18. Following the completion of the sale, the insider now directly owns 20,802 shares in the company, valued at approximately $433,305.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,053 shares of company stock worth $900,254. Insiders own 0.09% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its position in Santander Consumer USA by 103.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 21,642 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 11,000 shares in the last quarter. FMR LLC lifted its stake in Santander Consumer USA by 0.4% in the 1st quarter. FMR LLC now owns 13,526,050 shares of the financial services provider’s stock worth $285,805,000 after purchasing an additional 54,437 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Santander Consumer USA during the 1st quarter valued at $220,000. HighTower Advisors LLC raised its position in shares of Santander Consumer USA by 82.6% during the 1st quarter. HighTower Advisors LLC now owns 206,736 shares of the financial services provider’s stock valued at $4,374,000 after buying an additional 93,542 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Santander Consumer USA during the 1st quarter valued at $921,000.
SC has been the topic of a number of recent analyst reports. Compass Point cut shares of Santander Consumer USA from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. Piper Jaffray Companies reissued a “neutral” rating and issued a $24.00 price objective on shares of Santander Consumer USA in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised shares of Santander Consumer USA from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $23.00 in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.45.
Santander Consumer USA Company Profile
Santander Consumer USA Holdings Inc, a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. Its products and services include retail installment contracts and vehicle leases, as well as dealer loans for inventory, construction, real estate, working capital, and revolving lines of credit.
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