Wall Street brokerages expect Vishay Precision Group Inc (NYSE:VPG) to announce $68.89 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Vishay Precision Group’s earnings, with the lowest sales estimate coming in at $67.00 million and the highest estimate coming in at $70.78 million. Vishay Precision Group posted sales of $75.49 million during the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The firm is scheduled to announce its next earnings results on Tuesday, November 5th.
On average, analysts expect that Vishay Precision Group will report full year sales of $287.61 million for the current financial year, with estimates ranging from $284.40 million to $290.81 million. For the next year, analysts expect that the firm will report sales of $303.97 million, with estimates ranging from $300.00 million to $307.94 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.07). Vishay Precision Group had a net margin of 8.26% and a return on equity of 13.16%. The firm had revenue of $70.90 million during the quarter, compared to analyst estimates of $73.71 million. During the same quarter last year, the company earned $0.57 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year.
Several research analysts have weighed in on the company. B. Riley set a $53.00 target price on Vishay Precision Group and gave the stock a “buy” rating in a research report on Wednesday, May 8th. ValuEngine raised Vishay Precision Group from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.
Shares of NYSE VPG traded up $0.57 during mid-day trading on Friday, hitting $32.24. 71,436 shares of the company traded hands, compared to its average volume of 53,697. The stock has a market capitalization of $422.56 million, a price-to-earnings ratio of 15.73, a PEG ratio of 0.82 and a beta of 1.10. Vishay Precision Group has a 1 year low of $26.34 and a 1 year high of $44.58. The company has a quick ratio of 3.12, a current ratio of 4.39 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $35.01 and a two-hundred day moving average of $36.67.
A number of hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new position in shares of Vishay Precision Group during the second quarter valued at about $309,000. Bridge City Capital LLC bought a new stake in Vishay Precision Group during the second quarter worth about $1,207,000. Marshall Wace LLP boosted its stake in Vishay Precision Group by 18.4% during the first quarter. Marshall Wace LLP now owns 54,571 shares of the scientific and technical instruments company’s stock worth $1,867,000 after acquiring an additional 8,495 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Vishay Precision Group by 69.9% in the fourth quarter. Deutsche Bank AG now owns 37,852 shares of the scientific and technical instruments company’s stock worth $1,142,000 after buying an additional 15,568 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Vishay Precision Group by 20.2% in the first quarter. Wedge Capital Management L L P NC now owns 63,757 shares of the scientific and technical instruments company’s stock worth $2,181,000 after buying an additional 10,728 shares in the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.
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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