Equities research analysts predict that Voya Financial, Inc. (NYSE:VOYA) will post sales of $349.29 million for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Voya Financial’s earnings, with the highest sales estimate coming in at $361.43 million and the lowest estimate coming in at $338.55 million. Voya Financial posted sales of $367.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 4.9%. The firm is expected to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Voya Financial will report full year sales of $349.29 million for the current fiscal year, with estimates ranging from $1.14 billion to $1.27 billion. For the next year, analysts forecast that the firm will post sales of $1.37 billion per share, with estimates ranging from $1.33 billion to $1.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Voya Financial.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The business had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. During the same quarter in the previous year, the firm earned ($1.24) earnings per share.

VOYA has been the topic of several research analyst reports. Wells Fargo & Company set a $50.00 price objective on Voya Financial and gave the company a “buy” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada restated a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research report on Friday, November 10th. Goldman Sachs Group initiated coverage on Voya Financial in a research report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Sandler O’Neill upgraded Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Voya Financial has a consensus rating of “Buy” and an average price target of $47.70.

Shares of Voya Financial (NYSE VOYA) traded up $0.14 during trading on Monday, hitting $44.34. The stock had a trading volume of 2,088,800 shares, compared to its average volume of 1,519,442. Voya Financial has a fifty-two week low of $33.53 and a fifty-two week high of $44.64. The stock has a market capitalization of $7,969.98, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.65. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.01 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. Voya Financial’s dividend payout ratio is currently -2.23%.

Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its position in shares of Voya Financial by 56.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock worth $410,000 after buying an additional 4,002 shares in the last quarter. OxFORD Asset Management LLP lifted its position in shares of Voya Financial by 16.2% in the second quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock worth $1,973,000 after buying an additional 7,452 shares in the last quarter. State Street Corp lifted its position in shares of Voya Financial by 1.0% in the second quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock worth $207,554,000 after buying an additional 56,189 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Voya Financial by 8.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 238,126 shares of the asset manager’s stock worth $8,784,000 after buying an additional 19,240 shares in the last quarter. Finally, Scout Investments Inc. purchased a new stake in shares of Voya Financial in the second quarter worth about $20,004,000. Institutional investors own 96.91% 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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