Vector Group Ltd (NYSE:VGR) – Equities research analysts at Oppenheimer dropped their FY2019 EPS estimates for Vector Group in a research report issued on Wednesday, May 8th. Oppenheimer analyst I. Zaffino now expects that the company will post earnings per share of $0.37 for the year, down from their previous forecast of $0.64. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Vector Group’s Q4 2019 earnings at $0.06 EPS and FY2020 earnings at $0.34 EPS.
Separately, Zacks Investment Research upgraded Vector Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, January 30th.
Vector Group (NYSE:VGR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.07). Vector Group had a net margin of 3.54% and a negative return on equity of 19.18%. The business had revenue of $420.90 million for the quarter, compared to the consensus estimate of $437.00 million. During the same quarter last year, the firm earned $0.04 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in VGR. Two Sigma Investments LP lifted its holdings in shares of Vector Group by 6,110.7% during the 4th quarter. Two Sigma Investments LP now owns 1,799,932 shares of the company’s stock valued at $17,513,000 after purchasing an additional 1,770,951 shares in the last quarter. Millennium Management LLC lifted its stake in Vector Group by 170.3% in the 4th quarter. Millennium Management LLC now owns 1,913,419 shares of the company’s stock valued at $18,618,000 after acquiring an additional 1,205,521 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Vector Group by 55.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,384,715 shares of the company’s stock valued at $32,934,000 after acquiring an additional 1,202,354 shares in the last quarter. ETF Managers Group LLC bought a new stake in Vector Group in the 4th quarter valued at approximately $8,557,000. Finally, Vanguard Group Inc. lifted its stake in Vector Group by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,427,922 shares of the company’s stock valued at $143,696,000 after acquiring an additional 556,978 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.
Vector Group Company Profile
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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