Today Voya Financial (VOYA) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Voya Financial as such a stock due to the following factors:
- VOYA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $193.8 million.
- VOYA has traded 25,583 shares today.
- VOYA is trading at a new lifetime high.
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More details on VOYA:
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The stock currently has a dividend yield of 0.1%. VOYA has a PE ratio of 4.9. Currently there are 7 analysts that rate Voya Financial a buy, 2 analysts rate it a sell, and 3 rate it a hold.
The average volume for Voya Financial has been 2.0 million shares per day over the past 30 days. Voya Financial has a market cap of $10.6 billion and is part of the financial sector and financial services industry. Shares are up 6% year-to-date as of the close of trading on Thursday.
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Analysis:
rates Voya Financial as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.
Highlights from the ratings report include:
- VOYA's revenue growth has slightly outpaced the industry average of 2.4%. Since the same quarter one year prior, revenues slightly increased by 6.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 172.11% and other important driving factors, this stock has surged by 25.01% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Diversified Financial Services industry and the overall market on the basis of return on equity, VOYA FINANCIAL INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- VOYA FINANCIAL INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, VOYA FINANCIAL INC increased its bottom line by earning $9.18 versus $2.27 in the prior year. For the next year, the market is expecting a contraction of 63.5% in earnings ($3.35 versus $9.18).
- VOYA's debt-to-equity ratio of 0.64 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further.
- You can view the full Voya Financial Ratings Report.
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