Vishay Precision Group (VPG) Expected to Post Earnings of $0.33 Per Share

Equities research analysts predict that Vishay Precision Group (NYSE:VPG) will post $0.33 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Vishay Precision Group’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.34. Vishay Precision Group posted earnings per share of $0.19 in the same quarter last year, which would indicate a positive year-over-year growth rate of 73.7%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, May 8th.

On average, analysts expect that Vishay Precision Group will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.42. For the next financial year, analysts anticipate that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.54 to $1.65. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Vishay Precision Group.

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Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.08. The company had revenue of $69.40 million during the quarter, compared to analyst estimates of $63.92 million. Vishay Precision Group had a return on equity of 8.31% and a net margin of 5.64%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share.

Several research analysts recently commented on VPG shares. ValuEngine upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. B. Riley lifted their price target on Vishay Precision Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Sidoti lowered Vishay Precision Group from a “buy” rating to a “neutral” rating in a research report on Friday, March 9th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Vishay Precision Group by 2.2% during the fourth quarter. BlackRock Inc. now owns 876,345 shares of the scientific and technical instruments company’s stock valued at $22,040,000 after buying an additional 19,135 shares during the period. Renaissance Technologies LLC boosted its position in shares of Vishay Precision Group by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 611,900 shares of the scientific and technical instruments company’s stock valued at $15,389,000 after buying an additional 60,100 shares during the period. Millennium Management LLC boosted its position in shares of Vishay Precision Group by 91.6% during the fourth quarter. Millennium Management LLC now owns 322,942 shares of the scientific and technical instruments company’s stock valued at $8,122,000 after buying an additional 154,400 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in shares of Vishay Precision Group by 1.0% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 300,110 shares of the scientific and technical instruments company’s stock valued at $7,547,000 after buying an additional 3,022 shares during the period. Finally, Algert Global LLC boosted its position in shares of Vishay Precision Group by 42.1% during the fourth quarter. Algert Global LLC now owns 102,334 shares of the scientific and technical instruments company’s stock valued at $2,574,000 after buying an additional 30,325 shares during the period. Institutional investors own 81.41% of the company’s stock.

VPG traded down $0.10 on Friday, hitting $29.65. The company had a trading volume of 25,406 shares, compared to its average volume of 73,033. The firm has a market cap of $402.05, a P/E ratio of 26.01, a P/E/G ratio of 1.10 and a beta of 0.83. Vishay Precision Group has a 12-month low of $16.40 and a 12-month high of $33.45. The company has a current ratio of 3.69, a quick ratio of 2.53 and a debt-to-equity ratio of 0.15.

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About Vishay Precision Group

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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