Vishay Precision Group (VPG) Expected to Post Quarterly Sales of $66.69 Million

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.

VPG has been the topic of several analyst reports. B. Riley boosted their target price on Vishay Precision Group from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Sidoti downgraded Vishay Precision Group from a “buy” rating to a “neutral” rating in a report on Friday, March 9th. Finally, ValuEngine raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.

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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