Voya Financial (VOYA) Scheduled to Post Earnings on Tuesday

Voya Financial (NYSE:VOYA) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Voya Financial to post earnings of $1.67 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. On average, analysts expect Voya Financial to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Voya Financial Stock Performance

Shares of VOYA stock opened at $68.35 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. The stock’s 50-day moving average price is $69.73 and its 200 day moving average price is $70.32. Voya Financial has a 52-week low of $63.02 and a 52-week high of $77.28. The stock has a market capitalization of $6.93 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial’s payout ratio is 29.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VOYA shares. Wells Fargo & Company upped their price target on Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI upped their target price on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Piper Sandler upped their target price on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Royal Bank of Canada reduced their target price on Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Finally, Morgan Stanley reduced their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average target price of $82.50.

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.