Vector Group Ltd. (NYSE:VGR – Get Free Report) shares hit a new 52-week low during trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $9.46 and last traded at $9.60, with a volume of 363724 shares traded. The stock had previously closed at $10.45.
The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Vector Group had a net margin of 12.98% and a negative return on equity of 25.62%. The company had revenue of $324.57 million for the quarter, compared to analysts’ expectations of $333.30 million. During the same quarter in the previous year, the company posted $0.22 EPS.
Vector Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 8.15%. The ex-dividend date was Friday, March 1st. Vector Group’s payout ratio is currently 68.97%.
Institutional Investors Weigh In On Vector Group
Vector Group Trading Up 4.7 %
The company has a market capitalization of $1.54 billion, a PE ratio of 8.37 and a beta of 1.06. The firm’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $10.77.
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.
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