Vector Group Ltd. (VGR) Releases Quarterly Earnings Results, Hits Expectations
Vector Group Ltd. (NYSE:VGR) posted its quarterly earnings results on Tuesday. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16, Bloomberg Earnings reports. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The business had revenue of $484.60 million during the quarter, compared to analyst estimates of $448.00 million. During the same quarter in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.
Shares of Vector Group (NYSE VGR) traded down $0.19 during trading on Tuesday, hitting $20.50. 708,286 shares of the stock were exchanged, compared to its average volume of 478,927. The company has a debt-to-equity ratio of -4.41, a quick ratio of 2.61 and a current ratio of 2.97. Vector Group has a 52-week low of $18.70 and a 52-week high of $22.13. The stock has a market cap of $2,800.00, a P/E ratio of 30.60 and a beta of 0.43.
Several equities research analysts have recently commented on VGR shares. BidaskClub upgraded shares of Vector Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. TheStreet downgraded shares of Vector Group from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
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.
Receive News & Ratings for Vector Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.