Brokerages expect Voya Financial Inc (NYSE:VOYA) to post sales of $315.66 million for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Voya Financial’s earnings. The lowest sales estimate is $292.00 million and the highest is $328.58 million. Voya Financial reported sales of $238.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.6%. The firm is scheduled to announce its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Voya Financial will report full-year sales of $1.23 billion for the current year, with estimates ranging from $1.18 billion to $1.28 billion. For the next year, analysts expect that the company will post sales of $1.30 billion, with estimates ranging from $1.18 billion to $1.35 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Voya Financial.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 7th. The asset manager reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The business had revenue of $194.00 million during the quarter, compared to analyst estimates of $272.72 million. Voya Financial had a net margin of 5.64% and a return on equity of 8.45%. During the same period in the prior year, the firm earned $1.03 earnings per share.
Shares of NYSE:VOYA traded up $0.62 during midday trading on Wednesday, reaching $53.51. The company’s stock had a trading volume of 981,500 shares, compared to its average volume of 1,417,827. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 13.25 and a beta of 1.45. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $53.49. Voya Financial has a fifty-two week low of $36.66 and a fifty-two week high of $55.61.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, May 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date is Thursday, May 30th. Voya Financial’s dividend payout ratio (DPR) is currently 0.99%.
In related news, insider Patricia J. Walsh sold 1,870 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $53.69, for a total transaction of $100,400.30. Following the transaction, the insider now directly owns 27,488 shares of the company’s stock, valued at approximately $1,475,830.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nancy Ferrara sold 26,138 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $52.00, for a total value of $1,359,176.00. Following the transaction, the insider now directly owns 9,500 shares in the company, valued at $494,000. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Brown Advisory Securities LLC raised its stake in Voya Financial by 26.7% during the 4th quarter. Brown Advisory Securities LLC now owns 9,500 shares of the asset manager’s stock worth $380,000 after buying an additional 2,000 shares during the period. Neuburgh Advisers LLC raised its stake in shares of Voya Financial by 102.3% in the first quarter. Neuburgh Advisers LLC now owns 158,672 shares of the asset manager’s stock worth $7,927,000 after purchasing an additional 80,224 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Voya Financial by 15.3% in the first quarter. Synovus Financial Corp now owns 26,245 shares of the asset manager’s stock worth $1,307,000 after purchasing an additional 3,477 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Voya Financial by 88.2% in the first quarter. State of Wisconsin Investment Board now owns 291,290 shares of the asset manager’s stock worth $14,553,000 after purchasing an additional 136,525 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Voya Financial by 0.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 95,423 shares of the asset manager’s stock worth $3,680,000 after purchasing an additional 549 shares during the last quarter.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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