Analysts Expect Vector Group Ltd (NYSE:VGR) to Announce $0.10 Earnings Per Share

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Shares of Vector Group Ltd (NYSE:VGR) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also assigned Vector Group an industry rank of 165 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday.

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in Vector Group by 44.3% during the fourth quarter. Rhumbline Advisers now owns 139,995 shares of the company’s stock worth $1,362,000 after purchasing an additional 42,970 shares in the last quarter. Prudential Financial Inc. raised its holdings in Vector Group by 10.0% during the fourth quarter. Prudential Financial Inc. now owns 13,171 shares of the company’s stock worth $128,000 after purchasing an additional 1,201 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Vector Group by 55.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,384,715 shares of the company’s stock worth $32,934,000 after purchasing an additional 1,202,354 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Vector Group by 57.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 47,807 shares of the company’s stock worth $465,000 after purchasing an additional 17,476 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in Vector Group during the fourth quarter worth approximately $371,000. Institutional investors own 52.34% of the company’s stock.

VGR stock traded up $0.03 during mid-day trading on Tuesday, hitting $9.59. 980,740 shares of the company were exchanged, compared to its average volume of 1,130,841. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.53 and a beta of 0.74. The firm’s fifty day simple moving average is $9.63. Vector Group has a 12-month low of $8.62 and a 12-month high of $19.17.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.07). Vector Group had a net margin of 3.54% and a negative return on equity of 18.17%. The business had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $437.00 million. During the same period in the previous year, the business posted $0.04 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts expect that Vector Group will post 0.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 18th were paid a $0.40 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.60 dividend on an annualized basis and a yield of 16.68%. Vector Group’s dividend payout ratio is currently 275.86%.

About Vector Group

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 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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