Brokers Set Expectations for Voya Financial Inc’s FY2017 Earnings (VOYA)

Voya Financial Inc (NYSE:VOYA) – Investment analysts at DOWLING & PARTN cut their FY2017 earnings estimates for shares of Voya Financial in a research report issued on Wednesday. DOWLING & PARTN analyst H. Lee now forecasts that the asset manager will post earnings per share of $2.78 for the year, down from their previous forecast of $3.05. DOWLING & PARTN also issued estimates for Voya Financial’s Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.12 EPS and FY2018 earnings at $4.30 EPS.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The business had revenue of $226.50 million for the quarter, compared to analyst estimates of $322.92 million. During the same quarter in the previous year, the company posted ($1.24) EPS.

VOYA has been the subject of several other research reports. BTIG Research restated a “buy” rating and set a $59.00 target price on shares of Voya Financial in a report on Tuesday, January 2nd. Sandler O’Neill upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Monday, November 13th. BidaskClub upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Goldman Sachs Group began coverage on shares of Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 target price for the company. Finally, Wells Fargo & Co restated a “buy” rating and set a $58.00 target price on shares of Voya Financial in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.18.

Voya Financial (NYSE VOYA) opened at $54.43 on Friday. Voya Financial has a 1-year low of $33.53 and a 1-year high of $54.66. The company has a market cap of $9,750.00, a price-to-earnings ratio of -30.58, a P/E/G ratio of 0.67 and a beta of 1.65. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date was Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -2.25%.

Hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank lifted its stake in Voya Financial by 7.9% in the second 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 during the last quarter. Reliance Trust Co. of Delaware acquired a new stake in Voya Financial in the third quarter valued at $215,000. IFM Investors Pty Ltd acquired a new stake in Voya Financial in the third quarter valued at $254,000. TLP Group LLC acquired a new stake in Voya Financial in the second quarter valued at $262,000. Finally, Stephens Inc. AR acquired a new stake in Voya Financial in the third quarter valued at $273,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Brokers Set Expectations for Voya Financial Inc’s FY2017 Earnings (VOYA)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://ledgergazette.com/2018/01/20/brokers-set-expectations-for-voya-financial-incs-fy2017-earnings-voya.html.

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.

Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply