DOWLING & PARTN Brokers Decrease Earnings Estimates for Voya Financial Inc (VOYA)

Voya Financial Inc (NYSE:VOYA) – Research analysts at DOWLING & PARTN cut their Q4 2017 earnings per share (EPS) estimates for shares of Voya Financial in a report released on Wednesday. DOWLING & PARTN analyst H. Lee now forecasts that the asset manager will earn $0.79 per share for the quarter, down from their previous estimate of $1.06. DOWLING & PARTN also issued estimates for Voya Financial’s Q4 2018 earnings at $1.23 EPS, Q1 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.49 EPS, FY2020 earnings at $6.30 EPS and FY2021 earnings at $7.30 EPS.

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 consensus estimate of $0.90 by ($0.39). The firm had revenue of $226.50 million for the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a net margin of 8.39% and a return on equity of 4.41%. During the same quarter last year, the company posted ($1.24) earnings per share.

Several other equities analysts have also commented on VOYA. Wells Fargo & Co set a $58.00 price objective on Voya Financial and gave the company a “buy” rating in a research report on Thursday, December 28th. Keefe, Bruyette & Woods restated a “buy” rating and set a $55.00 target price on shares of Voya Financial in a report on Thursday, December 21st. BidaskClub cut Voya Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Goldman Sachs Group began coverage on Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 target price for the company. Finally, Deutsche Bank began coverage on Voya Financial in a report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.18.

Voya Financial (NYSE VOYA) opened at $54.43 on Monday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $9,783.63, a PE ratio of -30.41, a PEG ratio of 0.69 and a beta of 1.65. Voya Financial has a 1 year low of $33.53 and a 1 year high of $54.66.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Wednesday, November 29th. Voya Financial’s dividend payout ratio (DPR) is currently -2.23%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV lifted its holdings in Voya Financial by 21.3% in the 3rd quarter. KBC Group NV now owns 68,249 shares of the asset manager’s stock worth $2,722,000 after buying an additional 11,975 shares during the period. Pacer Advisors Inc. lifted its holdings in Voya Financial by 9.7% in the 3rd quarter. Pacer Advisors Inc. now owns 35,319 shares of the asset manager’s stock worth $1,409,000 after buying an additional 3,111 shares during the period. OxFORD Asset Management LLP lifted its holdings in Voya Financial by 16.2% in the 2nd 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 during the period. State Street Corp raised its position in shares of Voya Financial by 1.0% in the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock worth $207,554,000 after acquiring an additional 56,189 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Voya Financial by 107.0% in the 3rd quarter. Stifel Financial Corp now owns 76,276 shares of the asset manager’s stock worth $3,044,000 after acquiring an additional 39,423 shares in the last quarter. Institutional investors and hedge funds own 96.80% 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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