Equities research analysts expect Voya Financial Inc (NYSE:VOYA) to announce sales of $266.44 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Voya Financial’s earnings. The lowest sales estimate is $227.00 million and the highest is $291.18 million. Voya Financial posted sales of $1.97 billion during the same quarter last year, which would indicate a negative year over year growth rate of 86.5%. The business is scheduled to report its next earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Voya Financial will report full year sales of $1.20 billion for the current financial year, with estimates ranging from $1.15 billion to $1.25 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.25 billion, with estimates ranging from $1.21 billion to $1.30 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Voya Financial.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 5th. The asset manager reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.10. Voya Financial had a net margin of 10.28% and a return on equity of 8.04%. During the same period in the previous year, the company earned $0.87 earnings per share.
A number of research firms have recently commented on VOYA. Goldman Sachs Group raised shares of Voya Financial from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $60.00 to $54.00 in a report on Tuesday, January 8th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Credit Suisse Group set a $59.00 price objective on Voya Financial and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Voya Financial from $53.00 to $52.00 and set an “underweight” rating for the company in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.78.
In other Voya Financial news, insider Chetlur S. Ragavan sold 1,853 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $49.98, for a total transaction of $92,612.94. Following the transaction, the insider now directly owns 37,452 shares in the company, valued at approximately $1,871,850.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chetlur S. Ragavan sold 13,713 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $48.15, for a total value of $660,280.95. Following the transaction, the insider now owns 57,595 shares in the company, valued at $2,773,199.25. The disclosure for this sale can be found here. Insiders have sold a total of 23,911 shares of company stock valued at $1,175,087 in the last three months. Insiders own 0.36% of the company’s stock.
Several institutional investors have recently bought and sold shares of VOYA. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Voya Financial in the 3rd quarter worth $488,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Voya Financial by 20.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 30,527 shares of the asset manager’s stock worth $1,516,000 after purchasing an additional 5,200 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Voya Financial by 44.0% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 11,379 shares of the asset manager’s stock worth $565,000 after purchasing an additional 3,476 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Voya Financial by 4.3% in the 3rd quarter. SG Americas Securities LLC now owns 60,485 shares of the asset manager’s stock worth $3,004,000 after purchasing an additional 2,490 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Voya Financial by 457.1% in the 3rd quarter. Prudential Financial Inc. now owns 380,525 shares of the asset manager’s stock worth $18,901,000 after purchasing an additional 312,225 shares in the last quarter.
Shares of VOYA stock traded down $2.03 on Tuesday, reaching $48.32. The company had a trading volume of 2,275,534 shares, compared to its average volume of 1,310,533. The stock has a market capitalization of $7.05 billion, a P/E ratio of 11.96 and a beta of 1.46. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.55. Voya Financial has a one year low of $36.66 and a one year high of $55.27.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend is Wednesday, February 27th. Voya Financial’s dividend payout ratio is presently 0.99%.
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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