Analysts expect Voya Financial Inc (NYSE:VOYA) to report earnings of $1.01 per share for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Voya Financial’s earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.06. Voya Financial reported earnings per share of $0.91 in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Voya Financial will report full-year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $3.05. For the next financial year, analysts forecast that the firm will post earnings of $4.47 per share, with EPS estimates ranging from $4.40 to $4.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Voya Financial.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). The company had revenue of $226.50 million for the quarter, compared to analyst estimates of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same quarter in the previous year, the company posted ($1.24) earnings per share.

VOYA has been the subject of a number of recent research reports. Wells Fargo & Company reissued a “buy” rating on shares of Voya Financial in a research note on Friday, December 8th. Royal Bank of Canada reissued a “buy” rating and set a $46.00 price target on shares of Voya Financial in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $51.00 price target on shares of Voya Financial in a research note on Friday, November 10th. BidaskClub downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group initiated coverage on shares of Voya Financial in a research note on Wednesday, October 18th. They set a “buy” rating and a $46.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Voya Financial currently has an average rating of “Buy” and an average price target of $47.70.

A number of large investors have recently modified their holdings of the business. IFM Investors Pty Ltd bought a new stake in Voya Financial in the third quarter valued at approximately $254,000. Highbridge Capital Management LLC increased its stake in Voya Financial by 87.9% in the third quarter. Highbridge Capital Management LLC now owns 410,500 shares of the asset manager’s stock valued at $16,375,000 after purchasing an additional 191,975 shares in the last quarter. Crestline Management LP bought a new stake in Voya Financial in the third quarter valued at approximately $5,573,000. Janus Henderson Group PLC increased its stake in Voya Financial by 34.6% in the third quarter. Janus Henderson Group PLC now owns 58,666 shares of the asset manager’s stock valued at $2,340,000 after purchasing an additional 15,076 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in Voya Financial by 956.5% in the third quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock valued at $14,744,000 after purchasing an additional 334,624 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Voya Financial (VOYA) opened at $46.28 on Wednesday. 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 firm has a market cap of $8,191.07, a P/E ratio of 15.71, a P/E/G ratio of 0.83 and a beta of 1.65. Voya Financial has a 12 month low of $33.53 and a 12 month high of $47.04.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s payout ratio is presently -2.23%.

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Voya Financial Company Profile

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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