Vector Group Ltd. (NYSE:VGR) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.19 per share.
For the full year, analysts predict revenues of $ 1731.85 million, while looking forward to income of $ 0.40 per share.
Previous Quarter Performance
Vector Group Ltd. came out with income for the second quarter of $ 0.19 per share, from the revenue of $ 445.76 million. According to street consensus, VGR was expected to report 2Q20 income of $ 0.11 per share from revenue of $ 529.70 million. The bottom line results beat street analysts by $ 0.08 or 72.73 percent, at the same time, top line results fell short of analysts by $ 83.94 million or 15.85 percent.
Stock Performance
Shares of Vector Group Ltd. traded up $ 0.37 or 3.97 percent on Tuesday, reaching $ 9.70 with volume of 587.30 thousand shares. Vector Group Ltd. has traded high as $ 9.81 and has cracked $ 9.50 on the downward trend
According to the previous trading day, closing price of $ 9.70, representing a 17.80 % increase from the 52 week low of $ 7.92 and a 35.3 % decrease over the 52 week high of $ 14.42.
The company has a market capital of $ 1.49 billion and is part of the Consumer Defensive sector and Tobacco industry.
Recent Analyst recommendations
- On 5th October 2020, initiated by Barclays at Equal-Weight rating, with $ 11.00 target price.
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 20s, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
