Voya Financial, Inc. (VOYA) In Active Momentum Stocks with Actuant Corporation (ATU)


Voya Financial, Inc. (NYSE:VOYA) retreated its position after shares change of 2.50% on Thursday and it traded at $40.62. The 52-week high of the share price is -5.45% and 52-week low of the share price is 46.48%.

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), reported a revision to the ex-date of the distributions on the common shares of six of its closed-end funds (each a “Fund” and collectively, the “Funds”).

The distribution declaration press release dated September 15, 2017 listed the Funds ex-date as October 2, 2017. The correct ex-date is October 3, 2017. There are no revisions to any of the other information contained in the press release. With respect to each Fund, the distribution will be paid on October 16, 2017, to shareholders of record on October 4, 2017.

The shares performance of VOYA was 6.89% for the last one month and 4.15% in the previous week, whereas year to date performance was calculated 3.57%. The goal of share performance is to compare managers to the interests of shareholders. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -218.40%. Investors looking further ahead will note that the Price to next year’s EPS is 32.37%.

In latest trading session, Actuant Corporation (NYSE:ATU) fell -6.52% with 2.2 Million trading volume. Actuant Corp. (ATU) declared that its net loss for fourth quarter of fiscal year 2017 were $98.8 million or $1.65 per share, compared to earnings of $17.4 million or$0.29 per share in the comparable prior year quarter.

The latest-quarter result included restructuring charges of $1.3 million net of tax or $0.02 per share, as well as $108.9 million in impairment and divestiture charges related to the pending sale of the Viking SeaTech business, net of tax ($1.82 per share).

The prior year results included restructuring charges of $2.1 million net of tax or $0.03 per share and a $1.6 million, or $0.02 per share after-tax gain on the Sanlo product line divestiture. Excluding items, adjusted EPS for the fourth quarter of fiscal 2017 was $0.19 compared to $0.30 in the comparable prior year period. Consolidated sales for the fourth quarter were $276 million, flat with the prior year’s sales level. Core sales were also flat as the benefit from foreign currency of 1% was offset by a 1% divestiture impact.

ATU has the current ratio of 2.30 for the most latest quarter. As concerns shares volumes, in share Capital Company has 59.47 million outstanding shares among them 58.56 million shares have been floated in market exchange.


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