$330.58 Million in Sales Expected for Voya Financial Inc (VOYA) This Quarter

Analysts expect Voya Financial Inc (NYSE:VOYA) to report sales of $330.58 million for the current quarter, Zacks reports. Seven analysts have made estimates for Voya Financial’s earnings, with the highest sales estimate coming in at $356.00 million and the lowest estimate coming in at $291.00 million. Voya Financial posted sales of $367.40 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Voya Financial will report full-year sales of $330.58 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.16 billion. For the next financial year, analysts anticipate that the business will post sales of $1.29 billion per share, with estimates ranging from $1.13 billion to $1.42 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Voya Financial.

Several brokerages recently issued reports on VOYA. BTIG Research restated a “buy” rating and set a $59.00 price objective on shares of Voya Financial in a research report on Tuesday, January 2nd. Sandler O’Neill upgraded Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Goldman Sachs Group began coverage on Voya Financial in a research report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Co restated a “buy” rating and set a $58.00 price objective on shares of Voya Financial in a research report on Friday, December 22nd. Finally, BidaskClub downgraded Voya Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Voya Financial presently has a consensus rating of “Buy” and a consensus price target of $52.18.

Voya Financial (NYSE:VOYA) opened at $46.91 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. Voya Financial has a 12-month low of $33.53 and a 12-month high of $54.87. The stock has a market capitalization of $8,430.00, a P/E ratio of -26.35, a P/E/G ratio of 0.61 and a beta of 1.61.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.04 annualized dividend and a yield of 0.09%. Voya Financial’s dividend payout ratio (DPR) is presently -2.25%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Voya Financial by 1.8% during the 4th quarter. BlackRock Inc. now owns 10,571,994 shares of the asset manager’s stock worth $522,996,000 after buying an additional 187,198 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Voya Financial by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after buying an additional 323,678 shares during the last quarter. State Street Corp increased its holdings in shares of Voya Financial by 1.0% during the 2nd 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 during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Voya Financial by 2.2% during the 4th quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock worth $241,642,000 after buying an additional 105,752 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Voya Financial by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,183,708 shares of the asset manager’s stock worth $47,217,000 after buying an additional 72,581 shares during the last quarter. Institutional investors and hedge funds own 96.88% 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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