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.
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.
TRADEMARK VIOLATION WARNING: “$330.58 Million in Sales Expected for Voya Financial Inc (VOYA) This Quarter” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/10/330-58-million-in-sales-expected-for-voya-financial-inc-voya-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.