Voya Financial (VOYA) to Release Quarterly Earnings on Tuesday

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

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 earnings per share. 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 Price Performance

VOYA stock opened at $70.95 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $6.83 billion, a P/E ratio of 11.30, a PEG ratio of 0.50 and a beta of 1.05. The business has a 50 day simple moving average of $72.02 and a 200-day simple moving average of $74.15. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30.

Voya Financial Announces Dividend

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

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VOYA. Bank of America reiterated a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. 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 report on Tuesday, December 10th. Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus target price of $83.73.

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.