Vector Group (VGR) Scheduled to Post Quarterly Earnings on Thursday

Posted by Stephan Jacobs on Jul 30th, 2024

Vector Group (NYSE:VGR – Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Vector Group (NYSE:VGR – Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $324.57 million for the quarter, compared to analyst estimates of $333.30 million. Vector Group had a negative return on equity of 25.89% and a net margin of 12.98%. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, analysts expect Vector Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vector Group Price Performance

Shares of Vector Group stock traded up $0.21 during trading on Tuesday, hitting $12.88. 339,813 shares of the company were exchanged, compared to its average volume of 1,210,757. The firm has a market capitalization of $2.03 billion, a P/E ratio of 10.89 and a beta of 1.03. Vector Group has a 1-year low of $9.27 and a 1-year high of $13.32. The firm’s fifty day moving average price is $11.08 and its 200 day moving average price is $10.81.

Vector Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.80 annualized dividend and a dividend yield of 6.21%. Vector Group’s payout ratio is currently 68.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Vector Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 25th.

Check Out Our Latest Stock Report on VGR

About Vector Group

(Get Free Report)

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.