Stock in the News: Santander Consumer USA Holdings Inc. (NYSE: SC)

DALLAS, July 11, 2019 – Shares of (NYSE: ) gained 0.32% to $25.42. The stock grabbed the investor’s attention and traded 1.553M shares as compared to its average daily volume of 1.11M shares. The stock’s institutional ownership stands at 32.70%.

Santander Consumer USA Holdings Inc. (SC) reported first-quarter profit of $247.50M. On a per-share basis, the Dallas-based company said it had profit of 70 cents. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

SC’s serviced for others portfolio of $8.70B as of Q1 2019 remained relatively flat as compared to the prior year quarter. Servicing fee income reduced 9 percent to $24.0M in Q1 2019, from $26.0M in Q1 2018, driven by the change in the composition of those balances. Fees, commissions and other increased from $85.0M in Q1 2018 to $94.0M in Q1 2019, driven by origination fees from the SBNA program.

Recorded net investment losses of $67.0M in Q1 2019, contrast to net investment losses of $87.0M in Q1 2018. The current period losses were mainly driven by held for sale accounting for SC’s personal lending portfolio.

SC has a market value of $8.77B while its EPS was booked as $2.56 in the last 12 months. The stock has 345.18M shares outstanding. In the profitability analysis, the company has gross profit margin of 62.00%. Beta value of the company was 1.00; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.40.

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