Vector Group Ltd (NYSE:VGR) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $27.00 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vector Group an industry rank of 182 out of 255 based on the ratings given to its competitors.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Oppenheimer set a $27.00 price target on shares of Vector Group and gave the stock a “buy” rating in a research note on Wednesday, May 9th. Finally, ValuEngine downgraded shares of Vector Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Vector Group during the first quarter worth approximately $115,000. McKinley Carter Wealth Services Inc. acquired a new stake in Vector Group during the first quarter worth approximately $153,000. Cypress Capital Group acquired a new stake in Vector Group during the fourth quarter worth approximately $208,000. WealthPLAN Partners LLC acquired a new stake in Vector Group during the fourth quarter worth approximately $212,000. Finally, Fisher Asset Management LLC acquired a new stake in Vector Group during the first quarter worth approximately $242,000. 49.83% of the stock is currently owned by institutional investors.
Shares of Vector Group stock opened at $19.26 on Tuesday. Vector Group has a 52-week low of $18.70 and a 52-week high of $23.14. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of -2.76. The company has a market capitalization of $2.68 billion, a P/E ratio of 32.10 and a beta of 0.39.
Vector Group (NYSE:VGR) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). Vector Group had a negative return on equity of 22.58% and a net margin of 5.27%. The firm had revenue of $429.00 million during the quarter, compared to analysts’ expectations of $436.40 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that Vector Group will post 0.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Tuesday, June 19th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 8.31%. Vector Group’s payout ratio is currently 266.67%.
Vector Group Company Profile
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.
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