Zacks: Analysts Anticipate Voya Financial, Inc. (VOYA) to Announce $0.89 EPS
Equities analysts predict that Voya Financial, Inc. (NYSE:VOYA) will report $0.89 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Voya Financial’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.86. Voya Financial posted earnings per share of $0.37 during the same quarter last year, which would suggest a positive year-over-year growth rate of 140.5%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 31st.
According to Zacks, analysts expect that Voya Financial will report full-year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.25 to $3.41. For the next year, analysts anticipate that the firm will report earnings of $4.43 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 research analysts that cover Voya Financial.
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 Zacks’ consensus estimate of $0.85 by ($0.18). Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. The company had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. During the same quarter in the previous year, the business posted $0.79 earnings per share.
VOYA has been the subject of several recent analyst reports. BidaskClub upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Friday, June 30th. ValuEngine upgraded shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price objective on shares of Voya Financial in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated 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 given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.89.
In related news, insider Kevin D. Silva sold 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the sale, the insider now directly owns 5,379 shares in the company, valued at $216,666.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.
Several large investors have recently modified their holdings of VOYA. BlackRock Inc. lifted its position in shares of Voya Financial by 3,875.4% in the 1st quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock valued at $404,319,000 after acquiring an additional 10,383,288 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Voya Financial by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock valued at $208,617,000 after acquiring an additional 1,236,885 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Voya Financial by 33.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock valued at $124,051,000 after acquiring an additional 837,925 shares in the last quarter. Morgan Stanley lifted its position in shares of Voya Financial by 242.0% in the 1st quarter. Morgan Stanley now owns 1,166,943 shares of the asset manager’s stock valued at $44,296,000 after acquiring an additional 825,737 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Voya Financial in the 2nd quarter valued at approximately $25,823,000. Institutional investors and hedge funds own 97.36% of the company’s stock.
Shares of Voya Financial (VOYA) opened at 39.77 on Tuesday. The stock’s 50 day moving average is $39.14 and its 200-day moving average is $37.66. Voya Financial has a 52-week low of $28.96 and a 52-week high of $42.96. The firm’s market capitalization is $7.15 billion.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Tuesday, August 29th. Voya Financial’s payout ratio is -1.04%.
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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