Brokerages Anticipate Vishay Precision Group, Inc. (VPG) to Announce $0.26 Earnings Per Share
Brokerages expect Vishay Precision Group, Inc. (NYSE:VPG) to post earnings per share of $0.26 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Vishay Precision Group’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.24. Vishay Precision Group posted earnings per share of $0.21 during the same quarter last year, which suggests a positive year-over-year growth rate of 23.8%. The company is expected to announce its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Vishay Precision Group will report full-year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $1.00. For the next year, analysts anticipate that the firm will post earnings of $1.12 per share, with EPS estimates ranging from $0.99 to $1.25. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Vishay Precision Group had a net margin of 4.16% and a return on equity of 7.25%. The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $60.19 million. During the same quarter last year, the firm posted $0.15 earnings per share. Vishay Precision Group’s revenue for the quarter was up 7.4% compared to the same quarter last year.
Several brokerages recently commented on VPG. ValuEngine cut Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, B. Riley reissued a “buy” rating and issued a $23.00 price target on shares of Vishay Precision Group in a research note on Sunday, August 13th.
Vishay Precision Group (NYSE:VPG) opened at 24.20 on Monday. The stock has a market cap of $321.64 million, a price-to-earnings ratio of 33.56 and a beta of 0.93. The company has a 50-day moving average of $22.44 and a 200 day moving average of $18.53. Vishay Precision Group has a 12-month low of $15.10 and a 12-month high of $24.80.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its stake in shares of Vishay Precision Group by 35.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 235,653 shares of the scientific and technical instruments company’s stock valued at $4,077,000 after buying an additional 61,170 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Vishay Precision Group in the 2nd quarter worth approximately $290,000. State Street Corp lifted its holdings in Vishay Precision Group by 4.0% in the 2nd quarter. State Street Corp now owns 233,268 shares of the scientific and technical instruments company’s stock worth $4,035,000 after purchasing an additional 8,973 shares during the last quarter. Royal Bank of Canada lifted its holdings in Vishay Precision Group by 23.3% in the 2nd quarter. Royal Bank of Canada now owns 132,541 shares of the scientific and technical instruments company’s stock worth $2,293,000 after purchasing an additional 25,065 shares during the last quarter. Finally, Hancock Holding Co. acquired a new stake in Vishay Precision Group in the 2nd quarter worth approximately $204,000. 86.47% of the stock is owned by institutional investors and hedge funds.
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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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