Vector Group (NYSE:VGR) Releases Earnings Results

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

Vector Group Stock Down 9.3 %

NYSE:VGR traded down $0.97 during trading hours on Thursday, reaching $9.48. 1,134,908 shares of the company’s stock were exchanged, compared to its average volume of 1,016,151. Vector Group has a 12 month low of $9.40 and a 12 month high of $13.43. The business’s 50-day simple moving average is $10.65 and its two-hundred day simple moving average is $10.78. The company has a market capitalization of $1.49 billion, a P/E ratio of 8.22 and a beta of 1.06.

Vector Group Dividend Announcement

The firm also recently declared 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 8.44%. Vector Group’s payout ratio is 68.97%.

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.