Voya Financial (VOYA) Set to Announce Earnings on Tuesday

Voya Financial (NYSE:VOYA) is set to announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $2.19 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, topping the consensus estimate of $1.58 by $0.30. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 earnings per share. 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 Price Performance

Shares of VOYA stock opened at $73.52 on Monday. The stock’s fifty day moving average is $72.78 and its 200-day moving average is $71.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $7.40 billion, a PE ratio of 10.44, a PEG ratio of 0.53 and a beta of 1.05. Voya Financial has a 52 week low of $63.02 and a 52 week high of $77.00.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, August 27th. This is a boost from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s dividend payout ratio is presently 22.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VOYA shares. Jefferies Financial Group raised their price target on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Wells Fargo & Company raised their price target on Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Evercore ISI raised their price target on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on Voya Financial from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Finally, Bank of America raised their price target on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and a consensus price target of $84.30.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

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.