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

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

Vector Group Stock Down 10.0 %

NYSE:VGR traded down $1.04 during midday trading on Thursday, hitting $9.41. The company had a trading volume of 1,188,651 shares, compared to its average volume of 1,016,944. Vector Group has a 52-week low of $9.40 and a 52-week high of $13.43. The stock’s fifty day moving average price is $10.65 and its 200-day moving average price is $10.78. 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. Stockholders of record on Monday, March 4th were issued a $0.20 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 8.50%. 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.