Vector Group (NYSE:VGR - Get Free Report) posted its quarterly earnings data 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 company had revenue of $324.57 million during the quarter, compared to analyst estimates of $333.30 million. During the same quarter in the previous year, the business posted $0.22 EPS.
Vector Group Stock Down 10.3 %
VGR stock traded down $1.08 during trading on Thursday, hitting $9.37. The company had a trading volume of 2,754,673 shares, compared to its average volume of 1,036,273. The firm has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.78. Vector Group has a 12 month low of $9.27 and a 12 month high of $13.43. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 8.22 and a beta of 1.06.
Vector Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date was Friday, March 1st. Vector Group's dividend payout ratio is currently 68.97%.
Vector Group Company Profile
(
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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.
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