Voya Financial Inc (VOYA) Expected to Post Earnings of $0.86 Per Share

Wall Street brokerages predict that Voya Financial Inc (NYSE:VOYA) will announce $0.86 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Voya Financial’s earnings, with estimates ranging from $0.79 to $0.90. Voya Financial reported earnings of $0.81 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Voya Financial will report full year earnings of $4.28 per share for the current year, with EPS estimates ranging from $3.92 to $4.55. For the next year, analysts expect that the company will report earnings of $5.30 per share, with EPS estimates ranging from $4.98 to $5.95. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Voya Financial.

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Voya Financial (NYSE:VOYA) last released 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 positive return on equity of 3.90% and a negative net margin of 31.38%. The firm had revenue of $2.19 billion for the quarter.

A number of research analysts recently commented on the company. Bank of America assumed coverage on Voya Financial in a report on Monday, March 26th. They issued a “buy” rating and a $60.00 price objective on the stock. UBS assumed coverage on Voya Financial in a report on Friday, March 2nd. They issued a “buy” rating and a $65.00 price objective on the stock. Wells Fargo set a $63.00 price objective on Voya Financial and gave the company a “buy” rating in a report on Thursday, March 1st. SunTrust Banks upped their price objective on Voya Financial to $54.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, ValuEngine upgraded Voya Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Voya Financial presently has a consensus rating of “Buy” and an average target price of $55.42.

NYSE:VOYA traded up $0.43 during trading hours on Friday, reaching $50.50. The company’s stock had a trading volume of 1,775,145 shares, compared to its average volume of 2,798,809. Voya Financial has a fifty-two week low of $33.53 and a fifty-two week high of $54.87. The stock has a market capitalization of $8,686.19, a PE ratio of 16.78, a P/E/G ratio of 0.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.18 and a current ratio of 0.18.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date was Tuesday, February 27th. Voya Financial’s payout ratio is 1.33%.

Voya Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 13th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, insider Kevin D. Silva sold 5,480 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $51.70, for a total transaction of $283,316.00. Following the sale, the insider now owns 14,577 shares of the company’s stock, valued at $753,630.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin D. Silva sold 895 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.77, for a total value of $45,439.15. Following the sale, the insider now directly owns 9,299 shares in the company, valued at approximately $472,110.23. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of VOYA. BlackRock Inc. increased its holdings in Voya Financial by 1.8% in the fourth quarter. BlackRock Inc. now owns 10,571,994 shares of the asset manager’s stock valued at $522,996,000 after buying an additional 187,198 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Voya Financial by 2.2% in the fourth quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock valued at $241,642,000 after buying an additional 105,752 shares during the last quarter. Millennium Management LLC increased its holdings in Voya Financial by 9.9% in the fourth quarter. Millennium Management LLC now owns 2,761,180 shares of the asset manager’s stock valued at $136,596,000 after buying an additional 248,160 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Voya Financial by 470.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock valued at $98,946,000 after buying an additional 1,649,729 shares during the last quarter. Finally, Clearbridge LLC increased its holdings in Voya Financial by 27.2% in the fourth quarter. Clearbridge LLC now owns 1,289,706 shares of the asset manager’s stock valued at $63,802,000 after buying an additional 275,465 shares during the last quarter.

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About Voya Financial

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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Earnings History and Estimates for Voya Financial (NYSE:VOYA)

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