Voya Financial (VOYA) Scheduled to Post Earnings on Tuesday

Voya Financial (NYSE:VOYA) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $236.00 million for the quarter, compared to analyst estimates of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. On average, analysts expect Voya Financial to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $68.99 on Tuesday. The company has a market cap of $6.99 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.46 and a beta of 1.06. The business has a fifty day simple moving average of $69.70 and a 200-day simple moving average of $70.27. Voya Financial has a 52 week low of $63.02 and a 52 week high of $77.50. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, February 26th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, February 23rd. Voya Financial’s dividend payout ratio (DPR) is 29.47%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Evercore ISI upped their price objective on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $82.00 target price on shares of Voya Financial in a report on Monday, January 8th. Royal Bank of Canada lowered their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, Piper Sandler raised their price objective on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average target price of $82.50.

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.