DOWLING & PARTN Weighs in on Voya Financial Inc’s Q3 2019 Earnings (NYSE:VOYA)

Voya Financial Inc (NYSE:VOYA) – Research analysts at DOWLING & PARTN boosted their Q3 2019 earnings estimates for shares of Voya Financial in a report released on Wednesday, October 16th. DOWLING & PARTN analyst H. Lee now anticipates that the asset manager will post earnings of $1.45 per share for the quarter, up from their prior estimate of $1.39. DOWLING & PARTN also issued estimates for Voya Financial’s Q4 2019 earnings at $1.50 EPS, FY2019 earnings at $5.55 EPS, Q1 2020 earnings at $1.35 EPS, Q2 2020 earnings at $1.58 EPS, Q3 2020 earnings at $1.58 EPS, Q4 2020 earnings at $1.73 EPS, FY2020 earnings at $6.25 EPS, Q1 2021 earnings at $1.46 EPS, Q2 2021 earnings at $1.79 EPS, Q3 2021 earnings at $1.81 EPS, FY2021 earnings at $7.05 EPS, FY2022 earnings at $7.95 EPS and FY2023 earnings at $8.95 EPS.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 6th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.05. The business had revenue of $278.00 million for the quarter, compared to the consensus estimate of $314.19 million. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. During the same period in the previous year, the firm earned $1.13 EPS.

VOYA has been the topic of a number of other reports. UBS Group boosted their price objective on shares of Voya Financial from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley set a $63.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research report on Friday, September 13th. Citigroup reduced their price objective on shares of Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. ValuEngine downgraded shares of Voya Financial from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Royal Bank of Canada set a $60.00 price objective on shares of Voya Financial and gave the company a “buy” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $59.43.

Shares of Voya Financial stock opened at $53.90 on Monday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $52.72 and its two-hundred day simple moving average is $53.41. The company has a market cap of $7.44 billion, a P/E ratio of 13.34, a PEG ratio of 0.51 and a beta of 1.51. Voya Financial has a 12-month low of $36.66 and a 12-month high of $57.57.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, August 28th. This is a boost from Voya Financial’s previous quarterly dividend of $0.01. Voya Financial’s payout ratio is 14.85%.

In other Voya Financial news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $49.30 per share, for a total transaction of $49,300.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.69% of the company’s stock.

Several hedge funds have recently made changes to their positions in VOYA. Nordea Investment Management AB boosted its position in shares of Voya Financial by 0.8% during the first quarter. Nordea Investment Management AB now owns 54,264 shares of the asset manager’s stock worth $2,712,000 after purchasing an additional 440 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Voya Financial by 16.8% during the second quarter. Retirement Systems of Alabama now owns 69,700 shares of the asset manager’s stock worth $3,854,000 after purchasing an additional 10,000 shares in the last quarter. Hexavest Inc. bought a new position in shares of Voya Financial during the second quarter worth $30,000. AMF Pensionsforsakring AB boosted its position in shares of Voya Financial by 1.8% during the second quarter. AMF Pensionsforsakring AB now owns 377,525 shares of the asset manager’s stock worth $20,877,000 after purchasing an additional 6,696 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Voya Financial during the second quarter worth $907,000.

About Voya Financial

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The 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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Earnings History and Estimates for Voya Financial (NYSE:VOYA)

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