Analysts expect that Voya Financial Inc (NYSE:VOYA) will report earnings per share of $0.87 for the current quarter, according to Zacks. Six analysts have made estimates for Voya Financial’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.83. Voya Financial posted earnings per share of $0.81 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.4%. The business is scheduled to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Voya Financial will report full-year earnings of $4.33 per share for the current year, with EPS estimates ranging from $3.92 to $4.74. For the next financial year, analysts expect that the firm will post earnings of $5.24 per share, with EPS estimates ranging from $4.75 to $5.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Voya Financial.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.17. The business had revenue of $2.19 billion during the quarter. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%.
In other news, insider Kevin D. Silva sold 5,480 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $51.70, for a total value of $283,316.00. Following the completion of the transaction, the insider now owns 14,577 shares in the company, valued at $753,630.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin D. Silva sold 895 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.77, for a total transaction of $45,439.15. Following the completion of the transaction, the insider now owns 9,299 shares of the company’s stock, valued at approximately $472,110.23. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in VOYA. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Voya Financial by 92.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock valued at $103,000 after buying an additional 1,008 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Voya Financial during the fourth quarter worth $133,000. Advisor Group Inc. raised its position in Voya Financial by 171.6% during the fourth quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock worth $226,000 after acquiring an additional 2,891 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in Voya Financial during the fourth quarter worth $247,000. Finally, IFM Investors Pty Ltd bought a new stake in Voya Financial during the third quarter worth $254,000.
Shares of Voya Financial (NYSE VOYA) opened at $54.15 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $9,283.04, a P/E ratio of 18.87, a P/E/G ratio of 0.69 and a beta of 1.56. Voya Financial has a 12 month low of $33.53 and a 12 month high of $54.87.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s dividend payout ratio (DPR) is presently -0.24%.
Voya Financial declared that its board has authorized a stock buyback plan on Tuesday, February 13th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
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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