Zacks: Brokerages Expect Voya Financial Inc (VOYA) to Post $0.87 Earnings Per Share
Equities research analysts predict that Voya Financial Inc (NYSE:VOYA) will report earnings of $0.87 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Voya Financial’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.83. Voya Financial posted earnings per share of $0.81 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Voya Financial will report full year earnings of $4.33 per share for the current year, with EPS estimates ranging from $3.92 to $4.74. For the next financial year, analysts anticipate that the business will post earnings of $5.24 per share, with EPS estimates ranging from $4.75 to $5.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Voya Financial.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 13th. The asset manager reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%. The company had revenue of $2.19 billion during the quarter.
In other news, insider Kevin D. Silva sold 5,480 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $51.70, for a total transaction of $283,316.00. Following the completion of the sale, the insider now owns 14,577 shares in the company, valued at approximately $753,630.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin D. Silva sold 895 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.77, for a total transaction of $45,439.15. Following the sale, the insider now owns 9,299 shares of the company’s stock, valued at approximately $472,110.23. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Voya Financial by 1.8% in the 4th quarter. BlackRock Inc. now owns 10,571,994 shares of the asset manager’s stock worth $522,996,000 after purchasing an additional 187,198 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Voya Financial by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after purchasing an additional 323,678 shares in the last quarter. Acadian Asset Management LLC raised its stake in Voya Financial by 2.2% in the 4th quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock worth $241,642,000 after purchasing an additional 105,752 shares in the last quarter. Millennium Management LLC raised its stake in Voya Financial by 9.9% in the 4th quarter. Millennium Management LLC now owns 2,761,180 shares of the asset manager’s stock worth $136,596,000 after purchasing an additional 248,160 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Voya Financial by 470.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock worth $98,946,000 after purchasing an additional 1,649,729 shares in the last quarter.
Voya Financial (NYSE VOYA) opened at $54.15 on Wednesday. Voya Financial has a 12-month low of $33.53 and a 12-month high of $54.87. The company has a market cap of $9,283.04, a PE ratio of 18.87, a PEG ratio of 0.69 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.18 and a quick ratio of 0.18.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s dividend payout ratio is presently -0.24%.
Voya Financial announced that its board has initiated a share repurchase program on Tuesday, February 13th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
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About Voya Financial
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.
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