Voya Financial (VOYA) Set to Announce Earnings on Monday

Voya Financial (NYSE:VOYA) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Voya Financial to post earnings of $2.16 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $2.31 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect Voya Financial to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Voya Financial Trading Down 0.4 %

VOYA opened at $79.97 on Friday. Voya Financial has a 52 week low of $63.11 and a 52 week high of $83.93. The business has a fifty day simple moving average of $76.88 and a 200-day simple moving average of $73.17. The firm has a market cap of $7.86 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.56 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.25%. Voya Financial’s dividend payout ratio is currently 23.72%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VOYA shares. Citigroup raised their price objective on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group raised their target price on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Piper Sandler upped their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their target price on Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.27.

Voya Financial Company Profile

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.