Voya Financial (NYSE:VOYA) issued its quarterly earnings results on Tuesday. The asset manager reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04), Briefing.com reports. The business had revenue of $187.00 million for the quarter, compared to analysts’ expectations of $301.05 million. Voya Financial had a return on equity of 8.47% and a net margin of 6.16%. During the same quarter in the prior year, the company posted $1.34 EPS.
NYSE VOYA opened at $57.62 on Thursday. The company has a market cap of $7.80 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.55 and a beta of 1.51. The stock’s 50 day simple moving average is $54.12 and its 200-day simple moving average is $53.65. Voya Financial has a 1-year low of $36.66 and a 1-year high of $59.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.17 and a quick ratio of 0.17.
VOYA has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on Voya Financial from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada raised their target price on Voya Financial to $65.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup decreased their target price on Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. UBS Group raised their target price on Voya Financial from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, ValuEngine downgraded Voya Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Voya Financial currently has a consensus rating of “Buy” and an average target price of $60.43.
In other news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $49.30 per share, for a total transaction of $49,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.69% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The 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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