Brokerages expect that Voya Financial Inc (NYSE:VOYA) will announce sales of $264.51 million for the current quarter, according to Zacks. Nine analysts have made estimates for Voya Financial’s earnings. The lowest sales estimate is $243.99 million and the highest is $282.83 million. Voya Financial reported sales of $303.20 million in the same quarter last year, which indicates a negative year over year growth rate of 12.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that Voya Financial will report full-year sales of $264.51 million for the current financial year, with estimates ranging from $1.13 billion to $1.26 billion. For the next year, analysts forecast that the business will report sales of $1.26 billion per share, with estimates ranging from $1.16 billion to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Voya Financial.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $2.19 billion for the quarter. Voya Financial had a negative net margin of 31.38% and a positive return on equity of 3.90%.
Shares of NYSE VOYA traded down $1.20 during mid-day trading on Monday, hitting $49.52. 2,644,104 shares of the company’s stock traded hands, compared to its average volume of 2,329,232. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $8,724.03, a price-to-earnings ratio of 16.45, a P/E/G ratio of 0.76 and a beta of 1.53. Voya Financial has a 1 year low of $33.53 and a 1 year high of $54.87.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.04 annualized dividend and a yield of 0.08%. Voya Financial’s payout ratio is 1.33%.
Voya Financial declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 13th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other Voya Financial news, insider Kevin D. Silva sold 895 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.77, for a total value of $45,439.15. Following the transaction, the insider now directly owns 9,299 shares in the company, valued at approximately $472,110.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin D. Silva sold 5,480 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $51.70, for a total transaction of $283,316.00. Following the completion of the transaction, the insider now owns 14,577 shares in the company, valued at $753,630.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
A number of hedge funds have recently modified their holdings of VOYA. Ladenburg Thalmann Financial Services Inc. grew its stake in Voya Financial by 92.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,104 shares of the asset manager’s stock worth $103,000 after acquiring an additional 1,008 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Voya Financial in the 4th quarter worth about $133,000. Advisor Group Inc. grew its stake in Voya Financial by 171.6% in the 4th quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock worth $226,000 after acquiring an additional 2,891 shares in the last quarter. Eagle Global Advisors LLC bought a new position in Voya Financial in the 4th quarter worth about $247,000. Finally, IFM Investors Pty Ltd bought a new position in Voya Financial in the 3rd quarter worth about $254,000.
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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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