Zacks: Brokerages Expect Vishay Precision Group Inc (VPG) Will Post Earnings of $0.49 Per Share

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Analysts predict that Vishay Precision Group Inc (NYSE:VPG) will post earnings per share (EPS) of $0.49 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vishay Precision Group’s earnings, with estimates ranging from $0.45 to $0.52. Vishay Precision Group reported 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 business is expected to report its next quarterly earnings report on Tuesday, November 6th.

On average, 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 fiscal year, analysts anticipate that the business will report 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 sell-side research analysts 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 Thomson Reuters’ consensus estimate of $0.44 by $0.13. The business had revenue of $74.23 million for the quarter, compared to analysts’ expectations of $73.53 million. Vishay Precision Group had a return on equity of 10.93% and a net margin of 7.66%. During the same period in the prior year, the firm earned $0.29 EPS.

Several analysts have recently issued reports on the company. Sidoti raised Vishay Precision Group from a “neutral” rating to a “buy” rating in a report on Thursday. ValuEngine cut Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, B. Riley reaffirmed a “buy” rating and set a $53.00 price objective (up from $40.00) on shares of Vishay Precision Group in a report on Monday, August 6th.

In related news, Director Saul Reibstein sold 5,000 shares of the 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 sale, the director now owns 13,863 shares in the company, valued at approximately $580,443.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce A. Lerner sold 1,125 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $43.63, for a total value of $49,083.75. Following the sale, the director now owns 3,012 shares in the company, valued at approximately $131,413.56. The disclosure for this sale can be found here. Insiders have sold a total of 42,276 shares of company stock worth $1,861,379 over the last ninety days. Insiders own 6.49% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in VPG. Schwab Charles Investment Management Inc. raised its holdings in Vishay Precision Group by 14.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,493 shares of the scientific and technical instruments company’s stock valued at $732,000 after buying an additional 2,900 shares during the period. Northern Trust Corp raised its holdings in Vishay Precision Group by 3.2% during the 1st quarter. Northern Trust Corp now owns 151,508 shares of the scientific and technical instruments company’s stock valued at $4,719,000 after buying an additional 4,648 shares during the period. New York State Common Retirement Fund raised its holdings in Vishay Precision Group by 150.7% during the 1st quarter. New York State Common Retirement Fund now owns 28,833 shares of the scientific and technical instruments company’s stock valued at $898,000 after buying an additional 17,333 shares during the period. Russell Investments Group Ltd. raised its holdings 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 valued at $5,507,000 after buying an additional 153,521 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Vishay Precision Group during the 1st quarter valued at $596,000. Institutional investors own 80.06% of the company’s stock.

Shares of VPG opened at $35.42 on Wednesday. The company has a market cap of $503.93 million, a PE ratio of 31.07, a PEG 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 quick ratio of 2.79 and a current ratio of 4.10.

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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Earnings History and Estimates for Vishay Precision Group (NYSE:VPG)

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