$0.31 Earnings Per Share Expected for Vishay Precision Group Inc (VPG) This Quarter
Wall Street brokerages expect Vishay Precision Group Inc (NYSE:VPG) to announce earnings of $0.31 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vishay Precision Group’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. Vishay Precision Group reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The company is expected to issue its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Vishay Precision Group will report full-year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.04 to $1.05. For the next financial year, analysts forecast that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.27 to $1.33. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Vishay Precision Group had a net margin of 5.35% and a return on equity of 7.52%. The company had revenue of $62.80 million during the quarter, compared to analyst estimates of $60.88 million. During the same quarter last year, the business posted $0.21 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley lifted their price objective on shares of Vishay Precision Group from $23.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.
A number of institutional investors and hedge funds have recently made changes to their positions in VPG. Russell Investments Group Ltd. lifted its holdings in Vishay Precision Group by 3.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,413 shares of the scientific and technical instruments company’s stock valued at $336,000 after buying an additional 668 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Vishay Precision Group by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 78,187 shares of the scientific and technical instruments company’s stock valued at $1,352,000 after buying an additional 281 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in Vishay Precision Group during the 2nd quarter valued at about $431,000. Wells Fargo & Company MN lifted its holdings in Vishay Precision Group by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock valued at $146,000 after buying an additional 794 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new stake in shares of Vishay Precision Group in the 2nd quarter valued at about $265,000. Institutional investors own 79.78% of the company’s stock.
Shares of Vishay Precision Group (NYSE:VPG) traded down $0.10 on Monday, reaching $26.05. 41,201 shares of the company were exchanged, compared to its average volume of 42,360. Vishay Precision Group has a one year low of $15.10 and a one year high of $28.60. The company has a market cap of $340.26, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.12 and a beta of 0.93. The company has a quick ratio of 2.65, a current ratio of 3.92 and a debt-to-equity ratio of 0.16.
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Vishay Precision Group Company Profile
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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