Voya Financial, Inc. (NYSE:VOYA) Set to Announce Quarterly Earnings on Tuesday
Voya Financial, Inc. (NYSE:VOYA) will issue its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Wednesday, May 3rd. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $303.20 million during the quarter, compared to analysts’ expectations of $293.84 million. Voya Financial had a positive return on equity of 3.78% and a negative net margin of 7.64%. During the same period in the previous year, the company posted $0.55 earnings per share. On average, analysts expect Voya Financial to post $3.55 EPS for the current fiscal year and $4.46 EPS for the next fiscal year.
Shares of Voya Financial, Inc. (NYSE:VOYA) opened at 37.92 on Tuesday. The company has a 50 day moving average price of $36.85 and a 200 day moving average price of $38.19. Voya Financial, Inc. has a 52 week low of $24.86 and a 52 week high of $42.96. The company’s market capitalization is $7.05 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Wednesday, May 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date was Friday, May 26th. Voya Financial’s dividend payout ratio (DPR) is presently -1.02%.
VOYA has been the subject of several analyst reports. BidaskClub raised shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Voya Financial in a report on Wednesday, July 12th. Citigroup Inc. set a $51.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a report on Monday, May 8th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $50.00 price target on shares of Voya Financial in a report on Monday, April 10th. Finally, J P Morgan Chase & Co cut their price target on shares of Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Voya Financial currently has a consensus rating of “Buy” and a consensus target price of $45.89.
In other news, insider Alain M. Karaoglan sold 28,899 shares of Voya Financial stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $37.50, for a total transaction of $1,083,712.50. Following the completion of the sale, the insider now directly owns 6,637 shares of the company’s stock, valued at approximately $248,887.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Rodney O. Martin, Jr. acquired 8,475 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were bought at an average cost of $35.29 per share, with a total value of $299,082.75. Following the completion of the acquisition, the chairman now directly owns 114,221 shares in the company, valued at approximately $4,030,859.09. The disclosure for this purchase can be found here. Insiders own 0.24% of the company’s stock.
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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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