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

Vector Group (NYSE:VGR) announced its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01), Zacks reports. Vector Group had a net margin of 12.98% and a negative return on equity of 25.62%. The company had revenue of $324.57 million for the quarter, compared to the consensus estimate of $333.30 million. During the same quarter last year, the firm posted $0.22 earnings per share.

Vector Group Price Performance

Shares of VGR stock opened at $9.81 on Friday. Vector Group has a one year low of $9.27 and a one year high of $13.43. The company’s fifty day moving average price is $10.59 and its 200-day moving average price is $10.76. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 8.46 and a beta of 1.06.

Vector Group Announces Dividend

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 $0.20 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.15%. Vector Group’s payout ratio 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.