Wall Street brokerages expect Vishay Precision Group (NYSE:VPG) to post sales of $66.69 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Vishay Precision Group’s earnings, with estimates ranging from $65.00 million to $68.38 million. Vishay Precision Group reported sales of $59.79 million in the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The company is expected to issue its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Vishay Precision Group will report full year sales of $66.69 million for the current year, with estimates ranging from $265.00 million to $272.37 million. For the next fiscal year, analysts forecast that the firm will report sales of $279.23 million per share, with estimates ranging from $270.00 million to $288.45 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last released its earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year.
Institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC boosted its holdings in Vishay Precision Group by 139.5% in the third quarter. Algert Global LLC now owns 72,009 shares of the scientific and technical instruments company’s stock worth $1,757,000 after acquiring an additional 41,942 shares in the last quarter. State Street Corp boosted its holdings in Vishay Precision Group by 4.0% in 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 acquiring an additional 8,973 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Vishay Precision Group in the third quarter worth $274,000. Russell Investments Group Ltd. boosted its holdings in Vishay Precision Group by 57.2% in the third quarter. Russell Investments Group Ltd. now owns 30,509 shares of the scientific and technical instruments company’s stock worth $744,000 after acquiring an additional 11,096 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Vishay Precision Group by 1,650.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,965 shares of the scientific and technical instruments company’s stock worth $175,000 after acquiring an additional 6,567 shares in the last quarter. 81.41% of the stock is currently owned by institutional investors and hedge funds.
Vishay Precision Group stock traded down $0.65 during mid-day trading on Thursday, hitting $28.95. The company had a trading volume of 56,506 shares, compared to its average volume of 101,754. The company has a current ratio of 3.69, a quick ratio of 2.53 and a debt-to-equity ratio of 0.15. Vishay Precision Group has a 12 month low of $15.38 and a 12 month high of $33.45. The company has a market capitalization of $384.77, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.06 and a beta of 0.83.
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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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