Zacks: Brokerages Anticipate Vishay Precision Group Inc (VPG) Will Post Quarterly Sales of $73.60 Million
Equities research analysts expect Vishay Precision Group Inc (NYSE:VPG) to announce sales of $73.60 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vishay Precision Group’s earnings. The highest sales estimate is $73.70 million and the lowest is $73.50 million. Vishay Precision Group posted sales of $62.81 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.2%. The firm is scheduled to announce its next earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Vishay Precision Group will report full year sales of $296.44 million for the current fiscal year, with estimates ranging from $295.05 million to $297.82 million. For the next financial year, analysts forecast that the firm will post sales of $312.57 million per share, with estimates ranging from $310.14 million to $315.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, August 7th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.13. The business had revenue of $74.23 million during the quarter, compared to analysts’ expectations of $73.53 million. Vishay Precision Group had a net margin of 7.66% and a return on equity of 10.93%. During the same period in the previous year, the company earned $0.29 EPS.
In related news, Director Bruce A. Lerner sold 1,125 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $43.63, for a total value of $49,083.75. Following the completion of the sale, the director now directly owns 3,012 shares of the company’s stock, valued at $131,413.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Saul Reibstein sold 5,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $41.87, for a total transaction of $209,350.00. Following the completion of the sale, the director now directly owns 13,863 shares of the company’s stock, valued at $580,443.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,945 shares of company stock valued at $420,651. 6.49% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in VPG. MetLife Investment Advisors LLC purchased a new stake in shares of Vishay Precision Group in the fourth quarter valued at about $132,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Vishay Precision Group in the second quarter valued at about $203,000. Victory Capital Management Inc. purchased a new stake in shares of Vishay Precision Group in the first quarter valued at about $219,000. Sawgrass Asset Management LLC purchased a new stake in shares of Vishay Precision Group in the second quarter valued at about $221,000. Finally, JBF Capital Inc. purchased a new stake in shares of Vishay Precision Group in the second quarter valued at about $229,000. 86.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Vishay Precision Group stock traded up $0.40 during trading on Wednesday, hitting $44.50. 75,767 shares of the stock were exchanged, compared to its average volume of 85,360. The stock has a market cap of $595.55 million, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 1.14 and a beta of 0.95. Vishay Precision Group has a 12-month low of $20.50 and a 12-month high of $44.90. The company has a current ratio of 4.10, a quick ratio of 2.79 and a debt-to-equity ratio of 0.13.
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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