Vector Group (VGR) Set to Announce Quarterly Earnings on Friday

Vector Group (NYSE:VGRGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Friday, August 5th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Vector Group (NYSE:VGRGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). The firm had revenue of $312.04 million for the quarter, compared to analysts’ expectations of $285.70 million. Vector Group had a net margin of 10.96% and a negative return on equity of 30.49%. 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

Shares of Vector Group stock opened at $11.35 on Thursday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 7.94 and a beta of 1.02. The business has a 50-day moving average price of $10.99 and a 200-day moving average price of $11.42. Vector Group has a twelve month low of $9.78 and a twelve month high of $17.39.

Vector Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Friday, June 17th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.05%. Vector Group’s payout ratio is 55.94%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays decreased their price objective on shares of Vector Group from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, June 17th. StockNews.com raised shares of Vector Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th.

Insiders Place Their Bets

In other news, Director Ronald J. Bernstein sold 10,000 shares of Vector Group stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $11.55, for a total transaction of $115,500.00. Following the completion of the sale, the director now directly owns 62,630 shares in the company, valued at $723,376.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.54% of the company’s stock.

Institutional Investors Weigh In On Vector Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantedge Capital Pte Ltd acquired a new stake in shares of Vector Group during the first quarter worth $123,000. Captrust Financial Advisors lifted its position in Vector Group by 46.1% during the first quarter. Captrust Financial Advisors now owns 11,152 shares of the company’s stock valued at $134,000 after purchasing an additional 3,520 shares during the period. Advisor Group Holdings Inc. lifted its position in Vector Group by 4.6% during the first quarter. Advisor Group Holdings Inc. now owns 20,149 shares of the company’s stock valued at $222,000 after purchasing an additional 884 shares during the period. Natixis Advisors L.P. lifted its position in Vector Group by 8.6% during the first quarter. Natixis Advisors L.P. now owns 34,809 shares of the company’s stock valued at $419,000 after purchasing an additional 2,756 shares during the period. Finally, Cetera Investment Advisers lifted its position in Vector Group by 2.9% during the first quarter. Cetera Investment Advisers now owns 35,940 shares of the company’s stock valued at $433,000 after purchasing an additional 1,000 shares during the period. 62.76% of the stock is currently owned by institutional investors and hedge funds.

About Vector Group

(Get Rating)

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 100 combinations under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

Recommended Stories

Earnings History for Vector Group (NYSE:VGR)

Want More Great Investing Ideas?

Receive News & Ratings for Vector Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group and related companies with MarketBeat.com's FREE daily email newsletter.