Voya Financial (VOYA) Expected to Announce Quarterly Earnings on Tuesday

Voya Financial (NYSE:VOYA - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.15 per share and revenue of $1.89 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Voya Financial's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $2.07 EPS. On average, analysts expect Voya Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Voya Financial Stock Performance

Shares of NYSE:VOYA traded up $0.16 during midday trading on Friday, hitting $70.95. The stock had a trading volume of 617,101 shares, compared to its average volume of 700,123. Voya Financial has a 1 year low of $63.11 and a 1 year high of $84.30. The stock has a 50 day moving average price of $72.23 and a two-hundred day moving average price of $74.15. The company has a market capitalization of $6.83 billion, a PE ratio of 11.30, a P/E/G ratio of 0.50 and a beta of 1.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VOYA shares. Piper Sandler cut their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods decreased their price objective on shares of Voya Financial from $92.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. UBS Group upgraded shares of Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Barclays dropped their price objective on Voya Financial from $85.00 to $81.00 and set an "overweight" rating for the company in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada decreased their target price on Voya Financial from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.73.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by insiders.

Voya Financial Company Profile

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.