Voya Financial, Inc. (NYSE:VOYA) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Voya Financial to post earnings of $0.85 per share for the quarter.
Voya Financial (NYSE:VOYA) last issued its earnings results on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $303.20 million for the quarter, compared to analysts’ expectations of $293.84 million. Voya Financial had a negative net margin of 7.64% and a positive return on equity of 3.78%. During the same quarter last year, the company earned $0.55 EPS. On average, analysts expect Voya Financial to post $3.55 EPS for the current fiscal year and $4.46 EPS for the next fiscal year.
Voya Financial, Inc. (VOYA) opened at 37.92 on Tuesday. The company has a 50-day moving average of $36.85 and a 200-day moving average of $38.19. Voya Financial, Inc. has a 12 month low of $24.86 and a 12 month high of $42.96. The stock’s market cap is $7.05 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.01 per share. The ex-dividend date was Friday, May 26th. This represents a $0.04 annualized dividend and a yield of 0.11%. Voya Financial’s dividend payout ratio (DPR) is currently -1.02%.
Several equities analysts have commented on VOYA shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $50.00 price objective on shares of Voya Financial in a research report on Monday, April 10th. J P Morgan Chase & Co lowered their price objective on shares of Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Monday, April 3rd. Citigroup Inc. set a $51.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research report on Monday, May 8th. BidaskClub lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, ValuEngine upgraded shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.89.
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In other news, insider Michael S. Smith bought 5,000 shares of Voya Financial stock in a transaction dated Friday, June 2nd. The shares were acquired at an average price of $35.24 per share, with a total value of $176,200.00. Following the completion of the purchase, the insider now owns 69,142 shares in the company, valued at approximately $2,436,564.08. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alain M. Karaoglan sold 28,899 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $37.50, for a total transaction of $1,083,712.50. Following the completion of the sale, the insider now directly owns 6,637 shares in the company, valued at approximately $248,887.50. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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