$0.33 Earnings Per Share Expected for Vishay Precision Group (VPG) This Quarter

Analysts expect Vishay Precision Group (NYSE:VPG) to post earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Vishay Precision Group’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.34. Vishay Precision Group reported earnings of $0.19 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 73.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Vishay Precision Group will report full-year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.42. For the next financial year, analysts expect that the firm will post earnings of $1.60 per share, with EPS estimates ranging from $1.54 to $1.65. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Vishay Precision Group.

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Vishay Precision Group (NYSE:VPG) last released its earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Vishay Precision Group had a return on equity of 8.31% and a net margin of 5.64%. The business had revenue of $69.40 million for the quarter, compared to the consensus estimate of $63.92 million. During the same period last year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year.

A number of brokerages have commented on VPG. ValuEngine upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. B. Riley raised their price target on shares of Vishay Precision Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Sidoti cut shares of Vishay Precision Group from a “buy” rating to a “neutral” rating in a research note on Friday, March 9th.

VPG stock opened at $29.60 on Tuesday. Vishay Precision Group has a twelve month low of $15.38 and a twelve month high of $33.45. The stock has a market cap of $394.74, a P/E ratio of 25.96, a PEG ratio of 1.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.53 and a current ratio of 3.69.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Vishay Precision Group by 2.2% during the fourth quarter. BlackRock Inc. now owns 876,345 shares of the scientific and technical instruments company’s stock worth $22,040,000 after purchasing an additional 19,135 shares during the period. Renaissance Technologies LLC lifted its stake in Vishay Precision Group by 10.9% during the fourth quarter. Renaissance Technologies LLC now owns 611,900 shares of the scientific and technical instruments company’s stock worth $15,389,000 after purchasing an additional 60,100 shares during the period. Millennium Management LLC lifted its stake in Vishay Precision Group by 91.6% during the fourth quarter. Millennium Management LLC now owns 322,942 shares of the scientific and technical instruments company’s stock worth $8,122,000 after purchasing an additional 154,400 shares during the period. Thomson Horstmann & Bryant Inc. lifted its stake in Vishay Precision Group by 1.0% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 300,110 shares of the scientific and technical instruments company’s stock worth $7,547,000 after purchasing an additional 3,022 shares during the period. Finally, State Street Corp lifted its stake in Vishay Precision Group by 4.0% during the second quarter. State Street Corp now owns 233,268 shares of the scientific and technical instruments company’s stock worth $4,035,000 after purchasing an additional 8,973 shares during the period. Hedge funds and other institutional investors own 81.41% of the company’s stock.

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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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