Brokerages Expect Voya Financial, Inc. (VOYA) to Announce $0.89 EPS
Wall Street analysts predict that Voya Financial, Inc. (NYSE:VOYA) will post $0.89 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Voya Financial’s earnings, with estimates ranging from $0.86 to $0.92. Voya Financial posted earnings per share of $0.37 during the same quarter last year, which indicates a positive year over year growth rate of 140.5%. The business is expected to report its next earnings results on Wednesday, November 1st.
On average, analysts expect that Voya Financial will report full year earnings of $3.33 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.40. For the next financial year, analysts expect that the company will report earnings of $4.42 per share, with EPS estimates ranging from $4.25 to $4.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Voya Financial.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.18). The firm had revenue of $272.90 million during the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period in the previous year, the company posted $0.79 earnings per share.
VOYA has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $46.00 price target on shares of Voya Financial in a research report on Wednesday, September 6th. BidaskClub lowered Voya Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine lowered Voya Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.11.
Voya Financial (NYSE VOYA) traded up 0.99% during midday trading on Friday, hitting $37.92. The stock had a trading volume of 1,752,561 shares. Voya Financial has a 12-month low of $27.73 and a 12-month high of $42.96. The company’s market cap is $6.81 billion. The company has a 50-day moving average price of $38.34 and a 200-day moving average price of $37.60.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. Voya Financial’s dividend payout ratio is -1.04%.
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In other news, insider Kevin D. Silva sold 8,500 shares of Voya Financial stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total value of $342,380.00. Following the completion of the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at approximately $216,666.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after acquiring an additional 199 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Voya Financial by 309.9% in the 2nd quarter. Sterling Capital Management LLC now owns 26,233 shares of the asset manager’s stock valued at $968,000 after purchasing an additional 19,833 shares during the period. Nomura Holdings Inc. raised its stake in shares of Voya Financial by 52.4% in the 2nd quarter. Nomura Holdings Inc. now owns 24,005 shares of the asset manager’s stock valued at $885,000 after purchasing an additional 8,258 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Voya Financial by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after purchasing an additional 321 shares during the period. Finally, BlueCrest Capital Management Ltd raised its stake in shares of Voya Financial by 1,271.8% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 265,697 shares of the asset manager’s stock valued at $9,802,000 after purchasing an additional 246,329 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.
Voya Financial Company Profile
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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