Banco Santander, S.A. (NYSE:SAN) Expected to Post Quarterly Sales of $13.31 Billion

Wall Street analysts expect Banco Santander, S.A. (NYSE:SAN – Get Rating) to post $13.31 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Banco Santander’s earnings, with the highest sales estimate coming in at $13.31 billion and the lowest estimate coming in at $13.30 billion. Banco Santander posted sales of $13.73 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Banco Santander will report full year sales of $54.70 billion for the current year, with estimates ranging from $54.39 billion to $55.01 billion. For the next financial year, analysts expect that the company will report sales of $55.90 billion, with estimates ranging from $55.45 billion to $56.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Banco Santander.

Banco Santander (NYSE:SAN – Get Rating) last released its quarterly earnings results on Wednesday, February 2nd. The bank reported $0.14 earnings per share for the quarter. The company had revenue of $13.47 billion during the quarter. Banco Santander had a net margin of 17.48% and a return on equity of 9.00%.

Several research firms have issued reports on SAN. The Goldman Sachs Group initiated coverage on shares of Banco Santander in a research report on Thursday, March 31st. They set a “buy” rating and a €5.00 ($5.38) price target on the stock. UBS Group upped their price target on shares of Banco Santander from €4.35 ($4.68) to €4.40 ($4.73) in a research note on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Banco Santander from €3.90 ($4.19) to €4.20 ($4.52) and gave the company a “buy” rating in a research note on Thursday, March 31st. Citigroup initiated coverage on shares of Banco Santander in a research note on Wednesday, January 19th. They set a “neutral” rating and a €3.30 ($3.55) price objective on the stock. Finally, Zacks Investment Research downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $3.87.

A number of institutional investors and hedge funds have recently bought and sold shares of SAN. West Bancorporation Inc. purchased a new stake in shares of Banco Santander in the fourth quarter worth $25,000. CWM LLC boosted its position in shares of Banco Santander by 120.1% during the first quarter. CWM LLC now owns 9,970 shares of the bank’s stock valued at $34,000 after buying an additional 5,441 shares during the last quarter. Abundance Wealth Counselors bought a new position in Banco Santander in the fourth quarter valued at about $33,000. Aaron Wealth Advisors LLC bought a new position in Banco Santander in the fourth quarter valued at about $34,000. Finally, PDS Planning Inc bought a new position in Banco Santander in the first quarter valued at about $37,000. Institutional investors and hedge funds own 8.29% of the company’s stock.

NYSE SAN opened at $3.33 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 2.82. The firm’s fifty day moving average price is $3.39 and its two-hundred day moving average price is $3.48. Banco Santander has a 1 year low of $2.77 and a 1 year high of $4.38. The firm has a market capitalization of $57.74 billion, a P/E ratio of 6.53 and a beta of 1.29.

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 5th. Investors of record on Friday, April 29th will be issued a dividend of $0.0571 per share. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, April 28th. This is an increase from Banco Santander’s previous semi-annual dividend of $0.06. Banco Santander’s dividend payout ratio is currently 7.84%.

About Banco Santander (Get Rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

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