$65.25 Million in Sales Expected for Vishay Precision Group Inc (NYSE:VPG) This Quarter
Brokerages forecast that Vishay Precision Group Inc (NYSE:VPG) will announce sales of $65.25 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vishay Precision Group’s earnings. The highest sales estimate is $65.49 million and the lowest is $65.00 million. Vishay Precision Group posted sales of $76.98 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.2%. The firm is expected to report its next earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that Vishay Precision Group will report full year sales of $280.07 million for the current financial year, with estimates ranging from $279.82 million to $280.32 million. For the next financial year, analysts anticipate that the company will report sales of $290.08 million, with estimates ranging from $280.15 million to $300.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $67.42 million for the quarter, compared to analyst estimates of $67.38 million. Vishay Precision Group had a return on equity of 11.64% and a net margin of 7.45%. The business’s revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share.
Vishay Precision Group stock traded down $0.33 during mid-day trading on Friday, reaching $33.39. 15,877 shares of the company were exchanged, compared to its average volume of 68,401. The firm’s 50-day simple moving average is $33.83 and its two-hundred day simple moving average is $35.54. Vishay Precision Group has a twelve month low of $26.34 and a twelve month high of $41.90. The firm has a market cap of $465.29 million, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.12 and a current ratio of 4.37.
In other Vishay Precision Group news, Director Nokomis Capital, L.L.C. sold 1,214 shares of Vishay Precision Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $35.12, for a total value of $42,635.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 15,475 shares of company stock valued at $545,227. 6.14% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in VPG. BlackRock Inc. boosted its stake in shares of Vishay Precision Group by 3.1% during the 2nd quarter. BlackRock Inc. now owns 768,344 shares of the scientific and technical instruments company’s stock worth $31,218,000 after acquiring an additional 23,281 shares in the last quarter. Renaissance Technologies LLC boosted its position in Vishay Precision Group by 5.7% during the second quarter. Renaissance Technologies LLC now owns 750,900 shares of the scientific and technical instruments company’s stock worth $30,509,000 after purchasing an additional 40,200 shares in the last quarter. Vanguard Group Inc. grew its holdings in Vishay Precision Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 526,625 shares of the scientific and technical instruments company’s stock valued at $21,397,000 after purchasing an additional 6,547 shares during the last quarter. Royal Bank of Canada grew its holdings in Vishay Precision Group by 15.6% in the second quarter. Royal Bank of Canada now owns 283,237 shares of the scientific and technical instruments company’s stock valued at $11,508,000 after purchasing an additional 38,242 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Vishay Precision Group in the second quarter valued at $9,892,000. Hedge funds and other institutional investors own 81.32% of the company’s stock.
Vishay Precision Group Company Profile
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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