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

Voya Financial (NYSE:VOYA - Get Free Report) issued its earnings results on Tuesday. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65), Zacks reports. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%.

Voya Financial Trading Up 1.9 %

Shares of Voya Financial stock traded up $1.38 during mid-day trading on Friday, hitting $72.22. 1,335,155 shares of the stock were exchanged, compared to its average volume of 914,950. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.05. Voya Financial has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $70.78 and a 200 day simple moving average of $74.09.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial's payout ratio is 29.41%.

Analyst Ratings Changes

VOYA has been the subject of a number of recent analyst reports. Evercore ISI reduced their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. Barclays lowered shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Bank of America reissued a "neutral" rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Piper Sandler dropped their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.18.

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.