Analysts Issue Forecasts for Vector Group Ltd’s FY2019 Earnings (VGR)

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Vector Group Ltd (NYSE:VGR) – Research analysts at Oppenheimer dropped their FY2019 EPS estimates for Vector Group in a report issued on Wednesday, May 8th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings of $0.37 per share for the year, down from their previous estimate of $0.64. Oppenheimer 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.

Vector Group (NYSE:VGR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). The business had revenue of $420.90 million during the quarter, compared to the consensus estimate of $437.00 million. Vector Group had a negative return on equity of 19.18% and a net margin of 3.54%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share.

Separately, Zacks Investment Research raised shares of Vector Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, January 30th.

Vector Group stock opened at $9.50 on Monday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.38 and a beta of 0.64. Vector Group has a twelve month low of $9.11 and a twelve month high of $20.08.

Large investors have recently modified their holdings of the company. KBC Group NV bought a new position in shares of Vector Group during the fourth quarter valued at about $26,000. ERTS Wealth Advisors LLC bought a new position in shares of Vector Group during the fourth quarter valued at about $33,000. Lindbrook Capital LLC raised its stake in shares of Vector Group by 208.3% during the first quarter. Lindbrook Capital LLC now owns 3,450 shares of the company’s stock valued at $37,000 after acquiring an additional 2,331 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Vector Group by 21.4% during the fourth quarter. Baillie Gifford & Co. now owns 5,100 shares of the company’s stock valued at $50,000 after acquiring an additional 900 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Vector Group by 72.9% during the first quarter. Federated Investors Inc. PA now owns 4,661 shares of the company’s stock valued at $50,000 after acquiring an additional 1,965 shares during the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

About Vector Group

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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