Santander Consumer USA Holdings Inc (SC) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.56. The company posted revenue of $1272.00 million in the period, compared to analysts expectations of $1204.28 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on Santander Consumer USA Holdings Inc. Shares were Reiterated by Compass Point on Apr 1, 2016 to “Neutral” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Reiterated by UBS on Apr 1, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18 .Santander Consumer USA Holdings Inc was Downgraded by JMP Securities to ” Mkt Perform” on Mar 16, 2016.
Santander Consumer USA Holdings Inc opened for trading at $11.74 and hit $12.97 on the upside on Friday, eventually ending the session at $11.77, with a gain of 0.60% or 0.07 points. The heightened volatility saw the trading volume jump to 60,58,851 shares. Company has a market cap of $4,214 M.
In a different news, on Mar 1, 2016, Jennifer Popp (Deputy Chief Financial Officer) sold 1,144 shares at $10.28 per share price. According to the SEC, on Sep 2, 2015, Jason W. Grubb (President & COO, Originations) sold 30,274 shares at $22.48 per share price. On Aug 17, 2015, R. Michele Rodgers (Chief Compliance Officer) sold 15,070 shares at $23.17 per share price, according to the Form-4 filing with the securities and exchange commission.
Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases as well as dealer loans for inventory construction real estate working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance and origination and servicing.