Brokerages expect Voya Financial, Inc. (NYSE:VOYA) to announce earnings of $0.85 per share for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Voya Financial’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.82. Voya Financial reported earnings of $0.79 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, August 1st.
According to Zacks, analysts expect that Voya Financial will report full-year earnings of $3.53 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.65. For the next fiscal year, analysts forecast that the company will report earnings of $4.44 per share, with EPS estimates ranging from $4.25 to $4.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Voya Financial.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Voya Financial had a negative net margin of 7.64% and a positive return on equity of 3.78%. The firm had revenue of $303.20 million during the quarter, compared to analysts’ expectations of $293.84 million. During the same quarter last year, the business earned $0.55 earnings per share.
Several research firms recently weighed in on VOYA. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Voya Financial in a report on Wednesday, July 12th. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Citigroup Inc. set a $51.00 price target on shares of Voya Financial and gave the company a “buy” rating in a report on Monday, May 8th. Finally, J P Morgan Chase & Co cut their price target on shares of Voya Financial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.89.
In related news, Chairman Rodney O. Martin, Jr. acquired 8,475 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $35.29 per share, for a total transaction of $299,082.75. Following the acquisition, the chairman now owns 114,221 shares in the company, valued at $4,030,859.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alain M. Karaoglan sold 28,899 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $37.50, for a total value of $1,083,712.50. Following the sale, the insider now owns 6,637 shares in the company, valued at approximately $248,887.50. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in Voya Financial during the first quarter valued at about $119,000. Advisory Services Network LLC bought a new stake in Voya Financial during the first quarter valued at about $152,000. Coconut Grove Bank increased its stake in Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock valued at $161,000 after buying an additional 1,960 shares during the last quarter. US Bancorp DE increased its stake in Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock valued at $176,000 after buying an additional 2,663 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Voya Financial during the fourth quarter valued at about $235,000.
COPYRIGHT VIOLATION NOTICE: “Brokerages Anticipate Voya Financial, Inc. (VOYA) to Announce $0.85 EPS” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/08/03/brokerages-anticipate-voya-financial-inc-voya-to-announce-0-85-eps-updated.html.
Shares of Voya Financial (NYSE VOYA) traded up 0.90% during mid-day trading on Friday, hitting $37.92. 900,348 shares of the company traded hands. The firm’s market cap is $7.05 billion. The firm has a 50-day moving average price of $36.71 and a 200 day moving average price of $38.23. Voya Financial has a 52-week low of $24.86 and a 52-week high of $42.96.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $0.04 annualized dividend and a yield of 0.11%. Voya Financial’s payout ratio is presently -1.02%.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
Get a free copy of the Zacks research report on Voya Financial (VOYA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Voya Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
