Voya Financial (NYSE:VOYA) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 10th. Analysts expect Voya Financial to post earnings of $1.02 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, February 8th. The asset manager reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $250.00 million. Voya Financial had a positive return on equity of 6.24% and a negative net margin of 17.43%. On average, analysts expect Voya Financial to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Voya Financial stock opened at $67.82 on Monday. The stock’s 50 day moving average is $65.50 and its 200 day moving average is $58.93. Voya Financial has a one year low of $37.92 and a one year high of $69.36. The firm has a market cap of $8.22 billion, a P/E ratio of -7.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Stockholders of record on Wednesday, May 26th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, May 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.97%. Voya Financial’s dividend payout ratio (DPR) is currently 15.64%.
A number of equities analysts recently issued reports on VOYA shares. Morgan Stanley increased their target price on Voya Financial from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, March 18th. Barclays lifted their target price on Voya Financial from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Royal Bank of Canada lifted their price target on Voya Financial from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 7th. TheStreet raised shares of Voya Financial from a “c+” rating to a “b” rating in a research note on Friday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Voya Financial from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, April 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.54.
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In other Voya Financial news, CEO Robert L. Grubka sold 6,251 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $64.11, for a total value of $400,751.61. Following the completion of the transaction, the chief executive officer now owns 44,939 shares of the company’s stock, valued at $2,881,039.29. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.04% of the company’s stock.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company’s Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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