Voya Financial (VOYA) Announces Quarterly Earnings, Misses Estimates By $0.08 EPS
Voya Financial (NYSE:VOYA) posted its quarterly earnings results on Wednesday. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.08, American Banking & Market News reports. The company had revenue of $268.00 million for the quarter, compared to the consensus estimate of $307.41 million.
Shares of Voya Financial (NYSE:VOYA) opened at 34.98 on Wednesday. Voya Financial has a one year low of $21.54 and a one year high of $37.75. The stock’s 50-day moving average is $35.71 and its 200-day moving average is $34.88. The company has a market cap of $8.900 billion and a price-to-earnings ratio of 14.87.
A number of analysts have recently weighed in on VOYA shares. Analysts at BTIG Research upgraded shares of Voya Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $41.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Voya Financial from $42.00 to $46.00 in a research note on Thursday, April 24th. They now have a “top pick” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Voya Financial in a research note on Monday, April 14th. They now have a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Voya Financial currently has a consensus rating of “Hold” and a consensus target price of $41.78.
Voya Financial Inc, formerly ING U.S., Inc, is a retirement, investment and insurance company. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States.
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