Equities analysts expect Voya Financial Inc (NYSE:VOYA) to post sales of $349.91 million for the current quarter, according to Zacks. Eight analysts have issued estimates for Voya Financial’s earnings, with the lowest sales estimate coming in at $338.55 million and the highest estimate coming in at $361.43 million. Voya Financial reported sales of $367.40 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The company is expected to issue its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Voya Financial will report full-year sales of $349.91 million for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.37 billion per share, with estimates ranging from $1.33 billion to $1.42 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Voya Financial.

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

VOYA has been the subject of several research analyst reports. BidaskClub raised Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Evercore ISI raised Voya Financial to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, December 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Voya Financial in a report on Friday, December 22nd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Voya Financial in a report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Voya Financial in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $52.18.

Shares of Voya Financial (NYSE VOYA) opened at $50.73 on Friday. The company has a market capitalization of $9,048.46, a price-to-earnings ratio of -28.34, a price-to-earnings-growth ratio of 0.63 and a beta of 1.65. Voya Financial has a fifty-two week low of $33.53 and a fifty-two week high of $52.48. 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 business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.08%. Voya Financial’s dividend payout ratio (DPR) is presently -2.23%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOYA. Toronto Dominion Bank lifted its position in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 199 shares in the last quarter. Reliance Trust Co. of Delaware purchased a new position in Voya Financial during the third quarter valued at $215,000. IFM Investors Pty Ltd purchased a new position in Voya Financial during the third quarter valued at $254,000. TLP Group LLC purchased a new position in Voya Financial during the second quarter valued at $262,000. Finally, Stephens Inc. AR purchased a new position in Voya Financial during the third quarter valued at $273,000. Institutional investors own 96.79% of the company’s stock.

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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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