Voya Financial (NYSE:VOYA) Releases Quarterly Earnings Results, Misses Expectations By $0.65 EPS

Voya Financial (NYSE:VOYA) issued its quarterly earnings results on Tuesday. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65), Zacks reports. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%.

Voya Financial Trading Down 0.9 %

Shares of VOYA stock opened at $68.28 on Wednesday. The firm’s 50 day moving average is $71.46 and its 200 day moving average is $74.11. The stock has a market capitalization of $6.57 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.49 and a beta of 1.05. Voya Financial has a 12-month low of $63.11 and a 12-month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 28.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VOYA shares. Piper Sandler reduced their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods decreased their price target on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Bank of America reaffirmed a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.27.

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.