Vector Group Ltd. (NYSE:VGR) – Equities research analysts at Oppenheimer Holdings upped their Q4 2017 earnings estimates for shares of Vector Group in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.11. Oppenheimer Holdings also issued estimates for Vector Group’s FY2018 earnings at $0.66 EPS.
Several other equities analysts have also weighed in on VGR. BidaskClub lowered Vector Group from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research raised Vector Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday. Finally, TheStreet lowered Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, July 27th.
Vector Group (VGR) opened at $21.79 on Friday. Vector Group has a twelve month low of $18.70 and a twelve month high of $22.14. The firm has a market capitalization of $2,879.30, a price-to-earnings ratio of 32.51 and a beta of 0.43. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of -3.97.
Vector Group (NYSE:VGR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The company had revenue of $484.60 million during the quarter, compared to the consensus estimate of $448.00 million. Vector Group had a negative return on equity of 32.02% and a net margin of 2.60%. Vector Group’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share.
Institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia bought a new stake in Vector Group during the second quarter valued at $12,230,000. Vanguard Group Inc. boosted its stake in Vector Group by 3.5% during the first quarter. Vanguard Group Inc. now owns 8,657,511 shares of the company’s stock valued at $180,077,000 after buying an additional 288,771 shares during the period. Royal Bank of Canada boosted its stake in Vector Group by 5.1% during the second quarter. Royal Bank of Canada now owns 5,604,718 shares of the company’s stock valued at $119,493,000 after buying an additional 271,168 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Vector Group by 83.9% during the second quarter. TIAA CREF Investment Management LLC now owns 460,071 shares of the company’s stock valued at $9,809,000 after buying an additional 209,830 shares during the period. Finally, State Street Corp boosted its stake in Vector Group by 7.6% during the first quarter. State Street Corp now owns 1,929,674 shares of the company’s stock valued at $40,137,000 after buying an additional 136,772 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
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