Voya Financial (VOYA) to Release Quarterly Earnings on Tuesday

Voya Financial (NYSE:VOYA) is projected 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 $1,885,500.62 billion for the quarter. Investors interested in participating in the company’s 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $2.07 EPS. 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 Stock Performance

Voya Financial stock opened at $71.25 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $6.86 billion, a PE ratio of 11.35, a P/E/G ratio of 0.48 and a beta of 1.05. The company has a 50 day moving average price of $72.76 and a 200-day moving average price of $74.19. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Tuesday, November 26th. Voya Financial’s dividend payout ratio is 28.66%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VOYA. Barclays dropped their target price on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI dropped their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $76.00 price target (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Six research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $83.73.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by insiders.

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.