Equities research analysts forecast that Voya Financial Inc (NYSE:VOYA) will post $302.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Voya Financial’s earnings. The highest sales estimate is $316.45 million and the lowest is $247.30 million. Voya Financial posted sales of $2.19 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 86.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Voya Financial will report full-year sales of $1.10 billion for the current year, with estimates ranging from $890.40 million to $1.15 billion. For the next year, analysts expect that the company will post sales of $1.24 billion, with estimates ranging from $979.40 million to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Voya Financial.
Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. The company had revenue of $163.00 million during the quarter, compared to analysts’ expectations of $297.80 million. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 7.01%. During the same period last year, the business earned $0.51 EPS.
A number of analysts recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. Morgan Stanley lowered their target price on shares of Voya Financial from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, October 31st. Credit Suisse Group decreased their price objective on shares of Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. ValuEngine cut shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Finally, Barclays decreased their price objective on shares of Voya Financial from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, July 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $59.08.
VOYA stock traded up $0.33 during trading on Thursday, reaching $44.97. The company had a trading volume of 1,193,807 shares, compared to its average volume of 1,905,367. The stock has a market capitalization of $7.10 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.57 and a beta of 1.45. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. Voya Financial has a twelve month low of $40.49 and a twelve month high of $55.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, November 29th. Voya Financial’s payout ratio is 1.33%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. NN Investment Partners Holdings N.V. lifted its stake in Voya Financial by 51.1% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 109,848 shares of the asset manager’s stock valued at $5,456,000 after acquiring an additional 37,131 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Voya Financial by 23.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,650 shares of the asset manager’s stock valued at $736,000 after purchasing an additional 3,000 shares in the last quarter. Scout Investments Inc. increased its holdings in shares of Voya Financial by 1.0% during the 3rd quarter. Scout Investments Inc. now owns 1,603,497 shares of the asset manager’s stock valued at $79,646,000 after purchasing an additional 16,383 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Voya Financial during the 2nd quarter valued at approximately $2,625,000. Finally, Raymond James & Associates increased its holdings in shares of Voya Financial by 5.2% during the 2nd quarter. Raymond James & Associates now owns 128,491 shares of the asset manager’s stock valued at $6,039,000 after purchasing an additional 6,384 shares in the last quarter.
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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