Brokerages Anticipate Vishay Precision Group Inc (VPG) Will Announce Earnings of $0.49 Per Share
Equities analysts forecast that Vishay Precision Group Inc (NYSE:VPG) will report earnings per share (EPS) of $0.49 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Vishay Precision Group’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.45. Vishay Precision Group posted earnings of $0.27 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 81.5%. The firm is scheduled to announce its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Vishay Precision Group will report full-year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.94. For the next year, analysts anticipate that the firm will post earnings of $2.31 per share, with EPS estimates ranging from $2.28 to $2.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last issued 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 Zacks’ consensus estimate of $0.44 by $0.13. The firm 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 prior year, the company posted $0.29 earnings per share.
Shares of NYSE:VPG opened at $35.42 on Wednesday. The firm has a market capitalization of $503.93 million, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90. Vishay Precision Group has a 1 year low of $20.50 and a 1 year high of $45.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 2.79.
In other Vishay Precision Group news, CEO Ziv Shoshani sold 1,990 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $44.90, for a total transaction of $89,351.00. Following the completion of the transaction, the chief executive officer now owns 103,082 shares of the company’s stock, valued at approximately $4,628,381.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Saul Reibstein sold 5,000 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $41.87, for a total transaction of $209,350.00. Following the transaction, the director now directly owns 13,863 shares of the company’s stock, valued at approximately $580,443.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,276 shares of company stock valued at $1,861,379. Company insiders own 6.49% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in VPG. Russell Investments Group Ltd. lifted its position in Vishay Precision Group by 660.1% during the 1st quarter. Russell Investments Group Ltd. now owns 176,777 shares of the scientific and technical instruments company’s stock worth $5,507,000 after acquiring an additional 153,521 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Vishay Precision Group during the 2nd quarter worth $5,366,000. Boston Advisors LLC acquired a new position in Vishay Precision Group during the 2nd quarter worth $4,539,000. Lord Abbett & CO. LLC lifted its position in Vishay Precision Group by 34.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 294,906 shares of the scientific and technical instruments company’s stock worth $9,186,000 after acquiring an additional 74,893 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in Vishay Precision Group during the 2nd quarter worth $2,672,000. 80.06% of the stock is owned by hedge funds and other institutional investors.
About Vishay Precision Group
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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