Vector Group (NYSE:VGR) Issues Earnings Results, Misses Expectations By $0.01 EPS

Vector Group (NYSE:VGR) posted its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01), Zacks reports. Vector Group had a negative return on equity of 24.93% and a net margin of 12.89%. The company had revenue of $324.57 million for the quarter, compared to analysts’ expectations of $333.30 million. During the same quarter last year, the business posted $0.22 EPS.

Vector Group Price Performance

Shares of VGR traded down $1.04 during trading hours on Thursday, hitting $9.41. The company’s stock had a trading volume of 1,367,063 shares, compared to its average volume of 1,019,338. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 8.22 and a beta of 1.06. The business has a 50 day simple moving average of $10.65 and a two-hundred day simple moving average of $10.78. Vector Group has a 52-week low of $9.36 and a 52-week high of $13.43.

Vector Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 8.50%. Vector Group’s payout ratio is 68.97%.

Vector Group Company Profile

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.