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

Vector Group (NYSE:VGR) released its 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. Vector Group had a net margin of 12.89% and a negative return on equity of 24.93%. The business had revenue of $324.57 million for the quarter, compared to analysts’ expectations of $333.30 million. During the same period last year, the firm earned $0.22 EPS.

Vector Group Stock Down 9.3 %

Shares of VGR stock traded down $0.97 during trading hours on Thursday, reaching $9.48. 1,134,908 shares of the company’s stock were exchanged, compared to its average volume of 1,016,151. The business has a fifty day moving average price of $10.65 and a 200-day moving average price of $10.78. The stock has a market capitalization of $1.49 billion, a P/E ratio of 8.22 and a beta of 1.06. Vector Group has a fifty-two week low of $9.40 and a fifty-two week high of $13.43.

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend was Friday, March 1st. Vector Group’s payout ratio is 68.97%.

About Vector Group

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.