Voya Financial (NYSE:VOYA) Issues Earnings Results

by · The Cerbat Gem

Voya Financial (NYSE:VOYA – Get Free Report) announced its quarterly earnings results on Monday. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07, Briefing.com reports. Voya Financial had a return on equity of 15.50% and a net margin of 8.81%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis.

Voya Financial Stock Down 5.1 %

Shares of Voya Financial stock opened at $74.98 on Wednesday. The stock’s fifty day moving average is $77.43 and its 200-day moving average is $73.46. The firm has a market capitalization of $7.37 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial has a 12-month low of $63.11 and a 12-month high of $83.93.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Evercore ISI boosted their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Piper Sandler boosted their price target on Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target for the company. in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.27.

View Our Latest Report on VOYA

Voya Financial Company Profile

(Get Free Report)

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.

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