STOCK TITAN

Vector Group Ltd. - $VGR STOCK NEWS

Welcome to our dedicated page for Vector Group Ltd. news (Ticker: $VGR), a resource for investors and traders seeking the latest updates and insights on Vector Group Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vector Group Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vector Group Ltd.'s position in the market.

Rhea-AI Summary

Vector Group (NYSE: VGR) reported a decrease in consolidated revenues to $324.6 million in the first quarter of 2024, with the tobacco segment seeing a 2.9% decrease compared to the prior year. However, the operating income for the tobacco segment increased by 5.6% to $83.0 million. Adjusted EBITDA rose by 6.0% to $82.8 million, showcasing the company's focus on sustainable growth. Vector Group maintained liquidity of $333 million in cash and cash equivalents, emphasizing financial stability. The company paid a quarterly cash dividend of $0.20 per common share, returning $32 million to stockholders. Despite challenges in market share, Vector Group remains optimistic about driving long-term value for its shareholders through innovative brand strategies and retail execution.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.33%
Tags
-
Rhea-AI Summary
Vector Group (NYSE: VGR) will host a conference call and webcast to discuss its first quarter 2024 results on May 2, 2024. Investors can access the call live and a replay will be available. Vector Group is a holding company for Liggett Group , Vector Tobacco , and New Valley
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
conferences earnings
-
Rhea-AI Summary
Vector Group Ltd. (VGR) declares a regular quarterly cash dividend of $0.20 per share, payable on March 14, 2024. The company is a holding company for Liggett Group LLC, Vector Tobacco LLC, and New Valley LLC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
Tags
dividends
Rhea-AI Summary
Vector Group Ltd. (VGR) maintains its position as the largest discount brand in the U.S. with consolidated revenues of $360.4 million in Q4 2023. Tobacco segment market shares increased, with operating income up by 2.6%. Full-year 2023 revenues were $1.42 billion, with adjusted EBITDA up by 3.1%. Vector Group remains confident in its strategy for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.17%
Tags
-
Rhea-AI Summary
Vector Group Ltd. (VGR) will hold a conference call to discuss its Q4 and full year 2023 results on February 14, 2024. The company is a holding entity for Liggett Group LLC, Vector Tobacco LLC, and New Valley LLC. Investors can access the call via live webcast and a replay will be available. Additional information is on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.18%
Tags
conferences earnings
-
Rhea-AI Summary
Vector Group Ltd. (VGR) declares a regular quarterly cash dividend of $0.20 per share, payable on December 15, 2023, to holders of record as of December 1, 2023. The company is a holding company for Liggett Group LLC, Vector Tobacco LLC, and New Valley LLC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
dividends
Rhea-AI Summary
Vector Group Ltd. (NYSE: VGR) announced its financial results for the third quarter of 2023. Consolidated revenues were $364.1 million, down 3.7% from the prior year period. Operating income increased by 7.9% to $90.5 million. Adjusted EBITDA increased by 8.8% to $94.9 million. Montego became the largest discount brand in the U.S. with increased market share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
-
Rhea-AI Summary
Vector Group Ltd. to discuss Q3 2023 results in conference call and webcast on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
conferences earnings
-
Rhea-AI Summary
Vector Group Ltd. to present at Barclays Global Consumer Staples Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.71%
Tags
conferences
Rhea-AI Summary
Vector Group declares quarterly cash dividend of $0.20 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
Vector Group Ltd.

NYSE:VGR

VGR Rankings

VGR Stock Data

1.64B
134.92M
15.6%
65.1%
1.79%
Tobacco Manufacturing
Manufacturing
Link
United States of America
MIAMI

About VGR

Vector Group Ltd. is an American diversified holding company with two major businesses: Liggett Group LLC (tobacco) and New Valley LLC (real estate), including Douglas Elliman. Vector Group was previously called Brooke Group.