$330.58 Million in Sales Expected for Voya Financial Inc (VOYA) This Quarter

Analysts expect that Voya Financial Inc (NYSE:VOYA) will announce sales of $330.58 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Voya Financial’s earnings, with estimates ranging from $291.00 million to $356.00 million. Voya Financial reported sales of $367.40 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 10%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Voya Financial will report full-year sales of $330.58 million for the current fiscal year, with estimates ranging from $1.09 billion to $1.16 billion. For the next year, analysts anticipate that the firm will post sales of $1.29 billion per share, with estimates ranging from $1.13 billion to $1.42 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Voya Financial.

A number of equities analysts have issued reports on VOYA shares. BidaskClub downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Goldman Sachs Group started coverage on shares of Voya Financial in a report on Wednesday, October 18th. They set a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Co set a $50.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a report on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price objective on shares of Voya Financial in a report on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $51.00 price objective on shares of Voya Financial in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Voya Financial presently has a consensus rating of “Buy” and an average target price of $52.18.

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Voya Financial by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,127 shares of the asset manager’s stock valued at $40,996,000 after acquiring an additional 91,731 shares during the period. Stifel Financial Corp raised its stake in Voya Financial by 75.6% in the 2nd quarter. Stifel Financial Corp now owns 36,853 shares of the asset manager’s stock valued at $1,367,000 after acquiring an additional 15,862 shares during the period. HighTower Advisors LLC bought a new stake in Voya Financial in the 2nd quarter valued at about $293,000. Janus Henderson Group PLC raised its stake in Voya Financial by 100.9% in the 2nd quarter. Janus Henderson Group PLC now owns 43,590 shares of the asset manager’s stock valued at $1,608,000 after acquiring an additional 21,890 shares during the period. Finally, State Street Corp raised its stake in Voya Financial by 1.0% in the 2nd quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock valued at $207,554,000 after acquiring an additional 56,189 shares during the period. 96.88% of the stock is currently owned by institutional investors.

Voya Financial (NYSE VOYA) opened at $46.91 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $8,430.00, a price-to-earnings ratio of -26.35, a price-to-earnings-growth ratio of 0.61 and a beta of 1.61. Voya Financial has a fifty-two week low of $33.53 and a fifty-two week high of $54.87.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s dividend payout ratio (DPR) is currently -2.25%.

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About Voya Financial

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

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