Voya Financial, Inc. (VOYA) Scheduled to Post Quarterly Earnings on Tuesday
Voya Financial, Inc. (NYSE:VOYA) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.90 per share for the quarter.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.18). The company 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 prior year, the company earned $0.79 earnings per share. On average, analysts expect Voya Financial to post $3.33 EPS for the current fiscal year and $4.43 EPS for the next fiscal year.
Shares of Voya Financial, Inc. (NYSE VOYA) opened at 39.77 on Tuesday. The company has a 50-day moving average of $39.14 and a 200 day moving average of $37.66. Voya Financial, Inc. has a 12-month low of $28.96 and a 12-month high of $42.96. The firm’s market capitalization is $7.15 billion.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st were paid a $0.01 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s payout ratio is -1.04%.
In other Voya Financial 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 transaction of $342,380.00. Following the completion of the transaction, the insider now directly owns 5,379 shares of the company’s stock, valued at $216,666.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by company insiders.
VOYA has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Voya Financial in a research note on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective on the stock. ValuEngine downgraded shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. Wells Fargo & Company restated a “buy” rating on shares of Voya Financial in a research note on Tuesday, August 1st. BidaskClub upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 target price on shares of Voya Financial in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.89.
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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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