Wall Street analysts expect Voya Financial Inc (NYSE:VOYA) to announce $0.97 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Voya Financial’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $1.06. Voya Financial posted earnings per share of $0.91 during the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The firm is expected to issue its next earnings results on Wednesday, February 14th.
On average, analysts expect that Voya Financial will report full year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.66 to $3.05. For the next financial year, analysts anticipate that the company will post earnings of $4.41 per share, with EPS estimates ranging from $3.92 to $4.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Voya Financial.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The company had revenue of $226.50 million during the quarter, compared to analyst estimates of $322.92 million. During the same period in the prior year, the business earned ($1.24) EPS.
A number of analysts have commented on the stock. Deutsche Bank assumed coverage on shares of Voya Financial in a report on Tuesday. They set a “buy” rating and a $59.00 target price for the company. Wells Fargo & Co set a $58.00 target price on shares of Voya Financial and gave the stock a “buy” rating in a report on Thursday, December 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $55.00 target price on shares of Voya Financial in a report on Thursday, December 21st. BTIG Research reaffirmed a “buy” rating and set a $59.00 target price on shares of Voya Financial in a report on Tuesday. Finally, BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.18.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in Voya Financial by 7.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after acquiring an additional 199 shares in the last quarter. Reliance Trust Co. of Delaware acquired a new stake in Voya Financial in the 3rd quarter valued at $215,000. IFM Investors Pty Ltd acquired a new stake in Voya Financial in the 3rd quarter valued at $254,000. TLP Group LLC acquired a new stake in Voya Financial in the 2nd quarter valued at $262,000. Finally, Stephens Inc. AR acquired a new stake in Voya Financial in the 3rd quarter valued at $273,000. 96.79% of the stock is currently owned by institutional investors.
Voya Financial (NYSE:VOYA) traded up $0.23 on Friday, reaching $50.58. 766,991 shares of the company’s stock were exchanged, compared to its average volume of 2,087,300. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. Voya Financial has a 12-month low of $33.53 and a 12-month high of $52.48. The firm has a market cap of $9,050.00, a price-to-earnings ratio of -28.41, a PEG ratio of 0.62 and a beta of 1.65.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s dividend payout ratio is -2.25%.
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About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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