Vector Group (VGR) to Release Earnings on Thursday

Vector Group (NYSE:VGR) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Vector Group to post earnings of $0.25 per share for the quarter.

Vector Group (NYSE:VGR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Vector Group had a net margin of 12.89% and a negative return on equity of 24.93%. The firm had revenue of $360.35 million during the quarter, compared to the consensus estimate of $357.60 million. On average, analysts expect Vector Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vector Group Stock Performance

Shares of NYSE VGR traded up $0.01 during midday trading on Friday, reaching $10.34. The company’s stock had a trading volume of 51,327 shares, compared to its average volume of 1,011,770. Vector Group has a fifty-two week low of $9.80 and a fifty-two week high of $13.43. The business’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $10.80. The company has a market cap of $1.63 billion, a P/E ratio of 8.91 and a beta of 1.02.

Vector Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were given a $0.20 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.74%. Vector Group’s payout ratio is 68.97%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, December 28th.

About Vector Group

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.