Revenue Update on Vector Group Ltd(NYSE:VGR)

Vector Group Ltd(NYSE:VGR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $438.27M. Analysts estimated a revenue of $430.70M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.22.

Vector Group Ltd (VGR) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.60% at a volume of 3,41,288. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.88. The peak price level was also seen at $21.88 while the days lowest was $21.48. Finally the shares closed at $21.58. The 52-week high of the shares is $25.5999 while the 52-week low is $20.2975. According to the latest information available, the market cap of the company is $2,671 M.

Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Bennett S Lebow (director) sold 100,000 shares at $22.65 per share price.Also, On Mar 14, 2016, Howard M Lorber (President and CEO) sold 500,000 shares at $23.27 per share price.On Mar 6, 2015, Ronald J Bernstein (President Subsidiary) sold 66,595 shares at $22.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Vector Group Ltd. is a holding company 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; the sale of electronic cigarettes (e-cigarettes) in the United States and the real estate business through its New Valley LLC subsidiary which is seeking to acquire additional operating companies and real estate properties. The Company’s business segments include Tobacco E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations of the Company’s e-cigarette business. The Real Estate segment includes the Company’s investments in consolidated and non-consolidated real estate businesses.

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