Equities analysts expect that Voya Financial Inc (NYSE:VOYA) will post $302.96 million in sales for the current quarter, according to Zacks. Fourteen analysts have provided estimates for Voya Financial’s earnings. The highest sales estimate is $324.60 million and the lowest is $291.00 million. Voya Financial reported sales of $226.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.8%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, October 30th.
On average, analysts expect that Voya Financial will report full-year sales of $1.13 billion for the current financial year, with estimates ranging from $1.10 billion to $1.16 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.25 billion, with estimates ranging from $1.19 billion to $1.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Voya Financial.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, August 1st. The asset manager reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.04. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. The firm had revenue of $238.00 million for the quarter, compared to the consensus estimate of $302.38 million. During the same period in the previous year, the business earned $0.89 EPS.
VOYA has been the topic of several research analyst reports. ValuEngine downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Goldman Sachs Group reiterated a “neutral” rating and set a $60.00 price target on shares of Voya Financial in a research note on Wednesday, June 27th. Credit Suisse Group boosted their price target on Voya Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, August 17th. Finally, Barclays dropped their price target on Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, July 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.46.
Shares of VOYA stock opened at $51.38 on Monday. Voya Financial has a 1-year low of $39.30 and a 1-year high of $55.27. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.59. The firm has a market cap of $7.98 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.42.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Friday, August 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. Voya Financial’s payout ratio is 1.33%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Voya Financial in the second quarter worth about $140,094,000. LSV Asset Management raised its holdings 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 worth $122,110,000 after purchasing an additional 88,300 shares during the period. Scout Investments Inc. raised its holdings 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 worth $74,594,000 after purchasing an additional 173,385 shares during the period. Point72 Asset Management L.P. raised its holdings 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 worth $73,763,000 after purchasing an additional 276,765 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings 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 worth $64,027,000 after purchasing an additional 170,185 shares during the period.
About Voya Financial
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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