Vector Group Ltd (NYSE:VGR) – Oppenheimer boosted their FY2018 earnings estimates for shares of Vector Group in a research report issued to clients and investors on Wednesday, November 7th. Oppenheimer analyst I. Zaffino now forecasts that the company will post earnings per share of $0.52 for the year, up from their previous forecast of $0.42. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Vector Group’s Q4 2018 earnings at $0.13 EPS.
Vector Group (NYSE:VGR) last announced its earnings results on Wednesday, November 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $513.90 million for the quarter, compared to analysts’ expectations of $495.70 million. Vector Group had a net margin of 4.29% and a negative return on equity of 17.55%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS.
Shares of Vector Group stock opened at $14.33 on Friday. The firm has a market capitalization of $1.93 billion, a PE ratio of 30.74 and a beta of 0.29. Vector Group has a 12 month low of $12.56 and a 12 month high of $23.14.
Institutional investors have recently made changes to their positions in the company. Fort L.P. acquired a new position in Vector Group in the 2nd quarter valued at $120,000. Cornerstone Wealth Management LLC acquired a new position in Vector Group in the 2nd quarter valued at $556,000. Stone Ridge Asset Management LLC acquired a new position in Vector Group in the 3rd quarter valued at $149,000. Cypress Capital Group acquired a new position in Vector Group in the 2nd quarter valued at $217,000. Finally, Signition LP acquired a new position in Vector Group in the 3rd quarter valued at $160,000. 45.50% of the stock is currently owned by institutional investors and hedge funds.
About Vector Group
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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