Somewhat Favorable News Coverage Somewhat Unlikely to Affect Vector Group (VGR) Stock Price
News stories about Vector Group (NYSE:VGR) have been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vector Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.4480834492261 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Vector Group (VGR) opened at 21.65 on Friday. The firm has a 50-day moving average of $21.19 and a 200 day moving average of $21.26. The company has a market capitalization of $2.79 billion, a P/E ratio of 58.51 and a beta of 0.45. Vector Group has a 52-week low of $19.63 and a 52-week high of $23.24.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. Vector Group had a net margin of 2.86% and a negative return on equity of 36.72%. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $449.40 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Vector Group will post $0.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, September 19th. This is an increase from Vector Group’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.39%. Vector Group’s dividend payout ratio (DPR) is 410.26%.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, TheStreet lowered shares of Vector Group from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th.
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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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