Equities research analysts expect that Vishay Precision Group Inc (NYSE:VPG) will post sales of $63.92 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vishay Precision Group’s earnings, with the highest sales estimate coming in at $64.00 million and the lowest estimate coming in at $63.84 million. Vishay Precision Group posted sales of $55.81 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 20th.
On average, analysts expect that Vishay Precision Group will report full-year sales of $63.92 million for the current financial year, with estimates ranging from $248.75 million to $248.91 million. For the next financial year, analysts forecast that the business will post sales of $260.87 million per share, with estimates ranging from $260.00 million to $261.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $62.80 million during the quarter, compared to the consensus estimate of $60.88 million. Vishay Precision Group had a net margin of 5.35% and a return on equity of 7.52%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share.
Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. B. Riley raised their price objective on shares of Vishay Precision Group from $23.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Vishay Precision Group by 23.3% in the second quarter. Royal Bank of Canada now owns 132,541 shares of the scientific and technical instruments company’s stock valued at $2,293,000 after buying an additional 25,065 shares in the last quarter. State Street Corp raised its position in shares of 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 valued at $4,035,000 after buying an additional 8,973 shares in the last quarter. Algert Global LLC raised its position in shares of 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 valued at $1,757,000 after buying an additional 41,942 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new stake in shares of Vishay Precision Group in the second quarter valued at approximately $5,740,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Vishay Precision Group in the third quarter valued at approximately $274,000. Institutional investors own 79.78% of the company’s stock.
Shares of Vishay Precision Group (NYSE:VPG) traded up $0.25 during mid-day trading on Wednesday, reaching $26.75. 35,308 shares of the company’s stock traded hands, compared to its average volume of 51,120. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.92 and a quick ratio of 2.65. The firm has a market capitalization of $355.55, a P/E ratio of 27.86, a PEG ratio of 1.13 and a beta of 0.93. Vishay Precision Group has a 1 year low of $15.10 and a 1 year high of $28.60.
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About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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