Voya Financial (VOYA) Announces Earnings Results, Beats Estimates By $0.17 EPS

Voya Financial (NYSE:VOYA) posted its quarterly earnings results on Tuesday. The asset manager reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17, Bloomberg Earnings reports. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. The business had revenue of $2.19 billion during the quarter.

Shares of Voya Financial (NYSE VOYA) traded up $3.47 during mid-day trading on Wednesday, reaching $51.49. 2,884,803 shares of the company’s stock traded hands, compared to its average volume of 2,390,102. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $8,640.43, a P/E ratio of -26.83, a PEG ratio of 0.61 and a beta of 1.61. Voya Financial has a 1 year low of $33.53 and a 1 year high of $54.87.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, February 27th. 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 research firms recently commented on VOYA. ValuEngine upgraded Voya Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a research report on Friday, December 22nd. 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. Evercore ISI upgraded shares of Voya Financial to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Deutsche Bank began coverage on shares of Voya Financial in a research report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price objective 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. Voya Financial presently has an average rating of “Buy” and a consensus target price of $52.82.

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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.

Earnings History for Voya Financial (NYSE:VOYA)

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