Vector Group (NYSE:VGR) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Vector Group (NYSE:VGR) announced its earnings results on Wednesday. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01), Zacks reports. Vector Group had a negative return on equity of 24.93% and a net margin of 12.89%. The business had revenue of $324.57 million for the quarter, compared to analyst estimates of $333.30 million. During the same quarter in the previous year, the company posted $0.22 EPS.

Vector Group Price Performance

NYSE VGR traded down $1.04 on Thursday, hitting $9.41. 1,367,063 shares of the stock were exchanged, compared to its average volume of 1,019,338. The business’s fifty day moving average is $10.65 and its 200 day moving average is $10.78. Vector Group has a 52 week low of $9.36 and a 52 week high of $13.43. The company has a market capitalization of $1.48 billion, a PE ratio of 8.22 and a beta of 1.06.

Vector Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 8.50%. The ex-dividend date was Friday, March 1st. Vector Group’s dividend payout ratio (DPR) is currently 68.97%.

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.