Voya Financial (VOYA) Projected to Post Quarterly Earnings on Tuesday

Voya Financial (NYSE:VOYA) is anticipated to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect Voya Financial to post earnings of $2.15 per share and revenue of $1.89 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm posted $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts expect Voya Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Voya Financial Trading Up 0.2 %

VOYA opened at $70.95 on Monday. The stock has a market capitalization of $6.83 billion, a PE ratio of 11.30, a P/E/G ratio of 0.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. Voya Financial has a one year low of $63.11 and a one year high of $84.30. The business’s 50 day moving average price is $72.02 and its 200 day moving average price is $74.16.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 28.66%.

Insider Buying and Selling at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on VOYA shares. Keefe, Bruyette & Woods cut their target price on Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Piper Sandler cut their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company reissued an “equal weight” rating and issued a $76.00 target price (down previously from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Bank of America reissued a “neutral” rating and issued a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Finally, Barclays cut their price objective on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.73.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.