Brokerages Expect Vishay Precision Group Inc (VPG) Will Post Earnings of $0.54 Per Share

Wall Street analysts predict that Vishay Precision Group Inc (NYSE:VPG) will post earnings per share of $0.54 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vishay Precision Group’s earnings, with estimates ranging from $0.52 to $0.55. Vishay Precision Group reported earnings of $0.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 38.5%. The company is expected to report its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Vishay Precision Group will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.04 to $2.06. For the next fiscal year, analysts expect that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $2.34 to $2.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Vishay Precision Group.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, November 6th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $75.49 million during the quarter, compared to analysts’ expectations of $73.60 million. Vishay Precision Group had a net margin of 8.45% and a return on equity of 12.63%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share.

A number of equities analysts have issued reports on VPG shares. B. Riley restated a “buy” rating and set a $53.00 target price (up previously from $40.00) on shares of Vishay Precision Group in a research report on Monday, August 6th. ValuEngine cut shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, Sidoti upgraded shares of Vishay Precision Group from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th.

Shares of VPG opened at $33.93 on Monday. The company has a quick ratio of 2.83, a current ratio of 4.09 and a debt-to-equity ratio of 0.11. The stock has a market cap of $452.46 million, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. Vishay Precision Group has a 12-month low of $23.65 and a 12-month high of $45.00.

A number of institutional investors and hedge funds have recently made changes to their positions in VPG. Alps Advisors Inc. purchased a new stake in shares of Vishay Precision Group during the third quarter worth about $463,000. Chicago Equity Partners LLC purchased a new stake in shares of Vishay Precision Group during the second quarter worth about $831,000. Sawgrass Asset Management LLC purchased a new stake in shares of Vishay Precision Group during the second quarter worth about $221,000. Assenagon Asset Management S.A. grew its holdings in shares of Vishay Precision Group by 194.1% during the third quarter. Assenagon Asset Management S.A. now owns 182,354 shares of the scientific and technical instruments company’s stock worth $6,820,000 after buying an additional 120,354 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Vishay Precision Group during the second quarter worth about $5,366,000. Institutional investors own 77.66% of the company’s stock.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

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