Analysts Expect Vector Group Ltd (NYSE:VGR) to Post $0.06 EPS

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Vector Group Ltd (NYSE:VGR) has earned an average 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 86 out of 255 based on the ratings given to its competitors.

A number of research firms have recently weighed in on VGR. ValuEngine downgraded Vector Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Zacks Investment Research raised Vector Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research note on Friday, November 8th.

In related news, major shareholder Phillip Md Et Al Frost sold 5,750,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $12.50, for a total value of $71,875,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bennett S. Lebow sold 453,272 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.81, for a total transaction of $5,806,414.32. The disclosure for this sale can be found here. In the last three months, insiders sold 6,453,272 shares of company stock worth $80,958,914. 11.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 6 Meridian increased its position in shares of Vector Group by 2.1% in the 4th quarter. 6 Meridian now owns 51,630 shares of the company’s stock valued at $691,000 after buying an additional 1,058 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Vector Group by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 106,432 shares of the company’s stock valued at $1,268,000 after buying an additional 1,068 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Vector Group by 15.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock valued at $78,000 after buying an additional 1,096 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Vector Group by 67.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,953 shares of the company’s stock valued at $35,000 after buying an additional 1,189 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Vector Group by 5.0% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 25,138 shares of the company’s stock valued at $299,000 after buying an additional 1,197 shares in the last quarter. Institutional investors and hedge funds own 61.01% of the company’s stock.

NYSE:VGR traded down $0.12 during trading hours on Tuesday, hitting $13.21. 1,425,097 shares of the stock were exchanged, compared to its average volume of 852,989. The company’s 50 day moving average is $13.16 and its two-hundred day moving average is $11.86. Vector Group has a twelve month low of $8.62 and a twelve month high of $14.42. The company has a market capitalization of $1.96 billion, a P/E ratio of 24.02 and a beta of 0.75.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $504.79 million for the quarter, compared to the consensus estimate of $526.50 million. Vector Group had a negative return on equity of 21.00% and a net margin of 5.83%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, research analysts anticipate that Vector Group will post 0.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Tuesday, December 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.11%. The ex-dividend date of this dividend was Monday, December 16th. Vector Group’s dividend payout ratio (DPR) is currently 290.91%.

Vector Group Company Profile

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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