Voya Financial (VOYA) Scheduled to Post Quarterly Earnings on Monday

Voya Financial (NYSE:VOYA - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Voya Financial to post earnings of $2.16 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.13. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. On average, analysts expect Voya Financial to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Voya Financial Stock Up 1.1 %

Voya Financial stock traded up $0.91 during trading hours on Monday, hitting $80.66. The company had a trading volume of 684,404 shares, compared to its average volume of 812,594. Voya Financial has a fifty-two week low of $63.02 and a fifty-two week high of $83.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $7.93 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. The firm's fifty day moving average is $76.07 and its 200-day moving average is $72.98.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VOYA shares. JPMorgan Chase & Co. lowered Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target for the company. in a report on Thursday, October 3rd. Bank of America lifted their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Raymond James lowered shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. Piper Sandler lifted their price objective on shares of Voya Financial from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their price objective on shares of Voya Financial from $83.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, October 11th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial currently has an average rating of "Moderate Buy" and a consensus price target of $85.27.

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.