Voya Financial (NYSE:VOYA) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 10th. Analysts expect Voya Financial to post earnings of $1.02 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, February 8th. The asset manager reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.47. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $250.00 million. Voya Financial had a positive return on equity of 6.24% and a negative net margin of 17.43%. On average, analysts expect Voya Financial to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Voya Financial stock opened at $67.82 on Monday. The stock’s 50 day moving average is $65.50 and its 200 day moving average is $58.93. Voya Financial has a one year low of $37.92 and a one year high of $69.36. The firm has a market cap of $8.22 billion, a P/E ratio of -7.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Stockholders of record on Wednesday, May 26th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, May 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.97%. Voya Financial’s dividend payout ratio (DPR) is currently 15.64%.
A number of equities analysts recently issued reports on VOYA shares. Morgan Stanley increased their target price on Voya Financial from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, March 18th. Barclays lifted their target price on Voya Financial from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 25th. Royal Bank of Canada lifted their price target on Voya Financial from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 7th. TheStreet raised shares of Voya Financial from a “c+” rating to a “b” rating in a research note on Friday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Voya Financial from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, April 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.54.
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In other Voya Financial news, CEO Robert L. Grubka sold 6,251 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $64.11, for a total value of $400,751.61. Following the completion of the transaction, the chief executive officer now owns 44,939 shares of the company’s stock, valued at $2,881,039.29. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.04% of the company’s stock.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company’s Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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7 Hotel Stocks Just Waiting For the Vaccine
Like any group of stocks related to travel and tourism, hotel stocks saw a steep drop in share prices in 2020. The leisure and hospitality sector that once had 15 million employees has lost 4 million jobs since February.
Many major cities will be feeling the ripple effects of the Covid-19 pandemic for years. However, there is ample evidence that shows the pandemic may be coming to an end. The number of new cases is dropping. The number of those getting vaccinated is rising. And even in the cities with the most restrictive mitigation measures, the slow process of reopening is beginning.
All of this can’t come fast enough for individuals who rely on the travel and tourism industry for their livelihood. Hotel chains had at least some revenue coming in the door. And when earnings season concludes, the more budget-friendly hotel chains may realize revenue that is 75% of its 2019 numbers. But that is not enough to bring the hotels to anywhere near full employment. Particularly with hotels that have bars and restaurants that have remained closed or open at limited capacity.
Many economists are optimistic that travel may begin to look more normal by the summer of this year. And the global economy may deliver 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the broadest footprint will be in the best position as the economy reopens.
View the “7 Hotel Stocks Just Waiting For the Vaccine”.
Originally Appeared On: https://www.marketbeat.com/instant-alerts/nyse-voya-earnings-date-2021-05/