Analysts predict that Voya Financial Inc (NYSE:VOYA) will post earnings per share of $1.18 for the current quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for Voya Financial’s earnings. The highest EPS estimate is $1.22 and the lowest is $1.13. Voya Financial posted earnings per share of $0.51 during the same quarter last year, which would indicate a positive year-over-year growth rate of 131.4%. The company is scheduled to report its next earnings results after the market closes on Tuesday, October 30th.
According to Zacks, analysts expect that Voya Financial will report full year earnings of $4.30 per share for the current year, with EPS estimates ranging from $4.20 to $4.35. For the next fiscal year, analysts forecast that the company will report earnings of $5.35 per share, with EPS estimates ranging from $5.20 to $5.60. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Voya Financial.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Wednesday, August 1st. The asset manager reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.04. The company had revenue of $238.00 million for the quarter, compared to the consensus estimate of $302.38 million. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. During the same period in the previous year, the business posted $0.89 EPS.
Several brokerages have commented on VOYA. Goldman Sachs Group began coverage on Voya Financial in a research report on Wednesday, June 20th. They issued a “neutral” rating and a $60.00 price target on the stock. Credit Suisse Group lifted their price target on Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. ValuEngine downgraded Voya Financial from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Finally, Barclays lowered their price objective on Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Voya Financial presently has a consensus rating of “Buy” and a consensus price target of $59.46.
NYSE VOYA traded up $0.21 during trading on Friday, hitting $47.47. The company’s stock had a trading volume of 1,646,524 shares, compared to its average volume of 1,888,167. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.98 billion, a P/E ratio of 15.77, a P/E/G ratio of 0.65 and a beta of 1.42. Voya Financial has a 52 week low of $39.30 and a 52 week high of $55.27.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Friday, August 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Thursday, August 30th. Voya Financial’s dividend payout ratio is 1.33%.
A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in Voya Financial in the 2nd quarter valued at $140,094,000. LSV Asset Management boosted its stake in Voya Financial by 3.5% in the 2nd quarter. LSV Asset Management now owns 2,598,100 shares of the asset manager’s stock valued at $122,110,000 after buying an additional 88,300 shares in the last quarter. Scout Investments Inc. boosted its stake in Voya Financial by 12.3% in the 2nd quarter. Scout Investments Inc. now owns 1,587,114 shares of the asset manager’s stock valued at $74,594,000 after buying an additional 173,385 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Voya Financial by 23.4% in the 1st quarter. Point72 Asset Management L.P. now owns 1,460,661 shares of the asset manager’s stock valued at $73,763,000 after buying an additional 276,765 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Voya Financial by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,362,197 shares of the asset manager’s stock valued at $64,027,000 after buying an additional 170,185 shares in the last quarter.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
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