Jefferies Group Comments on Santander Consumer USA Holdings Inc.’s Q1 2017 Earnings (SC)

Jefferies Group Comments on Santander Consumer USA Holdings Inc.’s Q1 2017 Earnings (SC)

Santander Consumer USA Holdings Inc. (NYSE:SC) – Equities research analysts at Jefferies Group lowered their Q1 2017 earnings per share (EPS) estimates for Santander Consumer USA Holdings in a research note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now expects that the firm will post earnings of $0.33 per share for the quarter, down from their previous forecast of $0.52. Jefferies Group currently has a “Buy” rating and a $15.00 price target on the stock. Jefferies Group also issued estimates for Santander Consumer USA Holdings’ Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.73 EPS and Q4 2018 earnings at $0.49 EPS.

Santander Consumer USA Holdings (NYSE:SC) last posted its earnings results on Wednesday, January 25th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.13. Santander Consumer USA Holdings had a net margin of 11.52% and a return on equity of 15.85%. The company earned $1.22 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Santander Consumer USA Holdings from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, October 4th. TheStreet raised shares of Santander Consumer USA Holdings from an “e+” rating to a “c-” rating in a report on Monday. Stephens started coverage on shares of Santander Consumer USA Holdings in a report on Tuesday, November 1st. They issued an “equal weight” rating and a $14.00 price target on the stock. Morgan Stanley started coverage on shares of Santander Consumer USA Holdings in a report on Wednesday, December 21st. They issued an “equal weight” rating and a $15.00 price target on the stock. Finally, Barclays PLC set a $15.00 price target on shares of Santander Consumer USA Holdings and gave the company a “hold” rating in a report on Sunday, January 8th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.10.

Santander Consumer USA Holdings (NYSE:SC) traded down 0.974% during mid-day trading on Friday, reaching $12.705. 434,279 shares of the company traded hands. Santander Consumer USA Holdings has a 52-week low of $8.54 and a 52-week high of $15.07. The stock has a 50-day moving average of $13.74 and a 200 day moving average of $12.59. The stock has a market capitalization of $4.56 billion, a PE ratio of 5.965 and a beta of 1.23.

Several large investors have recently added to or reduced their stakes in SC. State of Wisconsin Investment Board raised its stake in Santander Consumer USA Holdings by 11.5% in the second quarter. State of Wisconsin Investment Board now owns 68,740 shares of the company’s stock valued at $710,000 after buying an additional 7,100 shares during the last quarter. Cipher Capital LP raised its stake in Santander Consumer USA Holdings by 4.7% in the second quarter. Cipher Capital LP now owns 76,684 shares of the company’s stock worth $793,000 after buying an additional 3,444 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in Santander Consumer USA Holdings during the second quarter worth $288,000. Commonwealth Bank of Australia raised its stake in Santander Consumer USA Holdings by 7.4% in the second quarter. Commonwealth Bank of Australia now owns 69,918 shares of the company’s stock worth $723,000 after buying an additional 4,800 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Santander Consumer USA Holdings by 4.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,661,465 shares of the company’s stock worth $27,493,000 after buying an additional 113,489 shares during the last quarter. 33.37% of the stock is owned by institutional investors.

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’s segment, Consumer Finance, includes its 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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