Vector Group (VGR) to Release Quarterly Earnings on Thursday

Vector Group (NYSE:VGR) will issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

Vector Group (NYSE:VGR) last issued its earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $324.57 million during the quarter, compared to the consensus estimate of $333.30 million. Vector Group had a negative return on equity of 25.89% and a net margin of 12.98%. During the same quarter in the prior year, the company posted $0.22 EPS. 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 Price Performance

Vector Group stock traded up $0.24 during midday trading on Friday, reaching $12.76. 59,667 shares of the company traded hands, compared to its average volume of 1,209,281. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.00 and a beta of 1.03. The business has a 50 day moving average of $11.02 and a two-hundred day moving average of $10.79. Vector Group has a 12 month low of $9.27 and a 12 month high of $13.32.

Vector Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.80 dividend on an annualized basis and a yield of 6.27%. Vector Group’s dividend payout ratio (DPR) is 68.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Vector Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

About Vector Group

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.