Vector Group (VGR) Scheduled to Post Earnings on Thursday

Vector Group (NYSE:VGR) will post its quarterly earnings results 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 announced its earnings results on Tuesday, February 13th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. Vector Group had a negative return on equity of 24.93% and a net margin of 12.89%. The company had revenue of $360.35 million during the quarter, compared to analysts’ expectations 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 Trading Up 0.1 %

Vector Group stock traded up $0.01 during midday trading on Friday, reaching $10.34. 51,327 shares of the stock traded hands, compared to its average volume of 1,011,770. The company has a 50-day simple moving average of $10.72 and a two-hundred day simple moving average of $10.80. Vector Group has a 12-month low of $9.80 and a 12-month high of $13.43. The firm has a market cap of $1.63 billion, a PE ratio of 8.91 and a beta of 1.02.

Vector Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Friday, March 1st. Vector Group’s dividend payout ratio (DPR) is 68.97%.

Analysts Set New Price Targets

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

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.