$60.19 Million in Sales Expected for Vishay Precision Group Inc (VPG) This Quarter
Analysts expect Vishay Precision Group Inc (NYSE:VPG) to announce $60.19 million in sales 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 $60.45 million and the lowest estimate coming in at $59.94 million. Vishay Precision Group posted sales of $58.00 million during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The business is expected to issue its next quarterly earnings report on Tuesday, August 8th.
On average, analysts expect that Vishay Precision Group will report full-year sales of $60.19 million for the current financial year, with estimates ranging from $235.29 million to $237.56 million. For the next year, analysts anticipate that the business will report sales of $245.29 million per share, with estimates ranging from $239.02 million to $251.56 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, May 9th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Vishay Precision Group had a return on equity of 4.62% and a net margin of 3.35%. The firm had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $58.04 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. Vishay Precision Group’s revenue for the quarter was up 5.7% compared to the same quarter last year.
A number of analysts have commented on VPG shares. TheStreet upgraded shares of Vishay Precision Group from a “c” rating to a “b-” rating in a report on Tuesday, February 21st. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of Vishay Precision Group in a research note on Saturday, May 13th.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in Vishay Precision Group by 7.0% in the first quarter. American International Group Inc. now owns 7,440 shares of the scientific and technical instruments company’s stock worth $118,000 after buying an additional 484 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Vishay Precision Group by 852.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,507 shares of the scientific and technical instruments company’s stock worth $180,000 after buying an additional 8,509 shares during the last quarter. TFS Capital LLC bought a new position in Vishay Precision Group during the first quarter worth $158,000. Eagle Global Advisors LLC boosted its position in Vishay Precision Group by 3.8% in the first quarter. Eagle Global Advisors LLC now owns 16,864 shares of the scientific and technical instruments company’s stock worth $266,000 after buying an additional 620 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Vishay Precision Group during the fourth quarter worth $419,000. 82.35% of the stock is owned by hedge funds and other institutional investors.
Vishay Precision Group (NYSE:VPG) traded down 0.28% during trading on Friday, hitting $17.75. The stock had a trading volume of 13,218 shares. The firm has a market cap of $234.60 million, a P/E ratio of 30.03 and a beta of 0.87. Vishay Precision Group has a 52-week low of $11.75 and a 52-week high of $19.44. The company has a 50-day moving average of $17.51 and a 200 day moving average of $17.23.
Vishay Precision Group Company Profile
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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