Vector Group Ltd. (NYSE:VGR) – Investment analysts at Oppenheimer Holdings raised their Q4 2017 EPS estimates for Vector Group in a research note issued on Tuesday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the company will earn $0.12 per share for the quarter, up from their previous forecast of $0.11. Oppenheimer Holdings also issued estimates for Vector Group’s FY2018 earnings at $0.66 EPS.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Vector Group had a negative return on equity of 33.54% and a net margin of 2.60%. The company had revenue of $484.60 million during the quarter, compared to analysts’ expectations of $448.00 million. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis.

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A number of other research firms have also recently weighed in on VGR. Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub raised Vector Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, TheStreet downgraded Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th.

Vector Group (NYSE:VGR) traded up $0.47 during trading on Friday, reaching $21.77. The company’s stock had a trading volume of 1,058,918 shares, compared to its average volume of 497,520. Vector Group has a 52 week low of $18.70 and a 52 week high of $22.13. The company has a quick ratio of 2.61, a current ratio of 2.97 and a debt-to-equity ratio of -4.41. The firm has a market cap of $2,950.00, a PE ratio of 31.88 and a beta of 0.43.

Several hedge funds have recently modified their holdings of VGR. Public Employees Retirement System of Ohio raised its stake in shares of Vector Group by 7.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,114 shares of the company’s stock worth $109,000 after buying an additional 344 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Vector Group by 15.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,781 shares of the company’s stock valued at $209,000 after purchasing an additional 1,289 shares in the last quarter. Parametrica Management Ltd purchased a new position in Vector Group in the 3rd quarter valued at approximately $217,000. Prudential Financial Inc. increased its stake in Vector Group by 4.4% in the 2nd quarter. Prudential Financial Inc. now owns 11,078 shares of the company’s stock valued at $236,000 after purchasing an additional 470 shares in the last quarter. Finally, Numeric Investors LLC purchased a new position in Vector Group in the 2nd quarter valued at approximately $251,000. 45.25% of the stock is owned by institutional investors and hedge funds.

About Vector Group

Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.

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