FY2016 Earnings Estimate for Vishay Precision Group Inc. (VPG) Issued By B. Riley
Vishay Precision Group Inc. (NYSE:VPG) – Stock analysts at B. Riley raised their FY2016 earnings per share estimates for Vishay Precision Group in a research report issued to clients and investors on Wednesday. B. Riley analyst S. Sherbetchyan now anticipates that the firm will post earnings per share of $0.71 for the year, up from their previous estimate of $0.70. B. Riley currently has a “Buy” rating and a $21.50 price target on the stock. B. Riley also issued estimates for Vishay Precision Group’s Q4 2016 earnings at $0.23 EPS, Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.24 EPS and FY2017 earnings at $0.91 EPS.
Separately, Zacks Investment Research downgraded shares of Vishay Precision Group from a “hold” rating to a “sell” rating in a research note on Friday, August 12th.
Shares of Vishay Precision Group (NYSE:VPG) opened at 19.00 on Friday. The firm’s market cap is $250.65 million. The firm has a 50-day moving average of $15.96 and a 200 day moving average of $14.57. Vishay Precision Group has a 52-week low of $10.27 and a 52-week high of $19.30.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm earned $54.50 million during the quarter, compared to analysts’ expectations of $59.51 million. Vishay Precision Group had a negative net margin of 4.39% and a positive return on equity of 5.24%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS.
A number of large investors have recently bought and sold shares of the company. AXA boosted its stake in Vishay Precision Group by 14.9% in the first quarter. AXA now owns 18,390 shares of the company’s stock valued at $258,000 after buying an additional 2,390 shares in the last quarter. Orinda Asset Management LLC purchased a new stake in Vishay Precision Group during the second quarter valued at $1,397,000. LSV Asset Management boosted its stake in Vishay Precision Group by 25.6% in the second quarter. LSV Asset Management now owns 395,118 shares of the company’s stock valued at $5,302,000 after buying an additional 80,556 shares in the last quarter. Royce & Associates LP boosted its stake in Vishay Precision Group by 0.6% in the second quarter. Royce & Associates LP now owns 843,768 shares of the company’s stock valued at $11,323,000 after buying an additional 5,100 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Vishay Precision Group during the second quarter valued at $1,083,000. 83.59% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Nokomis Capital, L.L.C. acquired 16,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average price of $15.86 per share, with a total value of $261,753.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.39% of the stock is currently owned by corporate insiders.
About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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