Analysts Expect Vishay Precision Group Inc (VPG) to Announce $0.49 Earnings Per Share
Analysts predict that Vishay Precision Group Inc (NYSE:VPG) will announce $0.49 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Vishay Precision Group’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.45. Vishay Precision Group reported earnings per share of $0.27 during the same quarter last year, which indicates a positive year-over-year growth rate of 81.5%. The company is scheduled to report its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Vishay Precision Group will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.93 to $1.94. For the next fiscal year, analysts forecast that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.28 to $2.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.13. Vishay Precision Group had a return on equity of 10.93% and a net margin of 7.66%. The company had revenue of $74.23 million during the quarter, compared to analysts’ expectations of $73.53 million. During the same quarter in the previous year, the firm earned $0.29 EPS.
Shares of Vishay Precision Group stock traded down $1.00 during trading on Friday, reaching $37.30. 166,723 shares of the company’s stock were exchanged, compared to its average volume of 63,228. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.79 and a current ratio of 4.10. Vishay Precision Group has a 1-year low of $20.50 and a 1-year high of $45.00. The stock has a market capitalization of $502.58 million, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 0.96 and a beta of 0.88.
In other Vishay Precision Group news, Director Saul Reibstein sold 5,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $41.87, for a total value of $209,350.00. Following the completion of the transaction, the director now owns 13,863 shares of the company’s stock, valued at approximately $580,443.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William M. Clancy sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $43.21, for a total value of $432,100.00. Following the completion of the transaction, the chief financial officer now directly owns 19,575 shares of the company’s stock, valued at approximately $845,835.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,276 shares of company stock valued at $1,861,379. Insiders own 6.49% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in shares of Vishay Precision Group by 660.1% in the first quarter. Russell Investments Group Ltd. now owns 176,777 shares of the scientific and technical instruments company’s stock valued at $5,507,000 after buying an additional 153,521 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $5,366,000. Boston Advisors LLC acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $4,539,000. Lord Abbett & CO. LLC increased its stake in shares of Vishay Precision Group by 34.0% in the first quarter. Lord Abbett & CO. LLC now owns 294,906 shares of the scientific and technical instruments company’s stock valued at $9,186,000 after buying an additional 74,893 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Vishay Precision Group in the second quarter valued at about $2,672,000. 80.07% of the stock is owned by institutional investors and hedge funds.
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.
Featured Story: What is a Leveraged Buyout (LBO)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vishay Precision Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group and related companies with MarketBeat.com's FREE daily email newsletter.