Brokerages Expect Vector Group Ltd (VGR) to Post $0.13 EPS

Vector Group Ltd (NYSE:VGR) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned Vector Group an industry rank of 232 out of 256 based on the ratings given to related companies.

A number of brokerages have issued reports on VGR. Zacks Investment Research upgraded Vector Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Oppenheimer reiterated a “hold” rating on shares of Vector Group in a research note on Wednesday, November 7th. Finally, UBS Group cut Vector Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 3rd.

In related news, insider Howard M. Lorber sold 700,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $14.18, for a total value of $9,926,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Phillip Md Et Al Frost sold 100,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $14.21, for a total value of $1,421,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,872,029 shares of company stock worth $51,288,002 in the last ninety days. Insiders own 12.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Vector Group by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,427,922 shares of the company’s stock worth $143,696,000 after acquiring an additional 556,978 shares during the period. Vanguard Group Inc grew its position in Vector Group by 5.6% during the 3rd quarter. Vanguard Group Inc now owns 10,427,922 shares of the company’s stock worth $143,696,000 after acquiring an additional 556,978 shares during the last quarter. Renaissance Technologies LLC grew its position in Vector Group by 3.2% during the 3rd quarter. Renaissance Technologies LLC now owns 10,005,893 shares of the company’s stock worth $137,881,000 after acquiring an additional 313,120 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Vector Group by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,945,170 shares of the company’s stock worth $40,584,000 after acquiring an additional 171,074 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Vector Group by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,182,361 shares of the company’s stock worth $30,074,000 after acquiring an additional 145,162 shares during the last quarter. Institutional investors own 49.08% of the company’s stock.

Shares of NYSE:VGR traded up $0.16 on Monday, hitting $10.54. The company’s stock had a trading volume of 82,901 shares, compared to its average volume of 2,030,865. The stock has a market cap of $1.46 billion, a P/E ratio of 18.56 and a beta of 0.56. Vector Group has a 1 year low of $9.21 and a 1 year high of $22.05.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Vector Group had a negative return on equity of 16.61% and a net margin of 4.29%. The company had revenue of $513.90 million for the quarter, compared to analysts’ expectations of $495.70 million. During the same period last year, the firm posted $0.15 EPS. Vector Group’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that Vector Group will post 0.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 17th. This represents a $1.60 annualized dividend and a yield of 15.18%. Vector Group’s dividend payout ratio (DPR) is presently 280.70%.

About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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