$63.92 Million in Sales Expected for Vishay Precision Group Inc (VPG) This Quarter

Equities analysts expect Vishay Precision Group Inc (NYSE:VPG) to report sales of $63.92 million for the current quarter, Zacks reports. Two analysts have made 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 in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The company is expected to issue its next 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 year, with estimates ranging from $248.75 million to $248.91 million. For the next financial year, analysts anticipate that the business will post sales of $260.87 million per share, with estimates ranging from $260.00 million to $261.73 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Vishay Precision Group.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Vishay Precision Group had a net margin of 5.35% and a return on equity of 7.52%. The business had revenue of $62.80 million during the quarter, compared to analyst estimates of $60.88 million. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s quarterly revenue was up 15.3% on a year-over-year basis.

Several analysts recently commented on the stock. ValuEngine lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley increased their target price on shares of Vishay Precision Group from $23.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th.

Shares of Vishay Precision Group (VPG) opened at $27.45 on Friday. Vishay Precision Group has a one year low of $15.10 and a one year high of $28.60. The company has a market cap of $362.18, a P/E ratio of 28.59, a P/E/G ratio of 1.16 and a beta of 0.93. The company has a current ratio of 3.92, a quick ratio of 2.65 and a debt-to-equity ratio of 0.16.

Large investors have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Vishay Precision Group by 4.0% in the 2nd quarter. State Street Corp now owns 233,268 shares of the scientific and technical instruments company’s stock valued at $4,035,000 after acquiring an additional 8,973 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Vishay Precision Group by 23.3% in the 2nd 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 acquiring an additional 25,065 shares in the last quarter. Algert Global LLC lifted its position in shares of Vishay Precision Group by 139.5% in the 3rd quarter. Algert Global LLC now owns 72,009 shares of the scientific and technical instruments company’s stock valued at $1,757,000 after acquiring an additional 41,942 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Vishay Precision Group in the 3rd quarter valued at approximately $274,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Vishay Precision Group by 57.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 30,509 shares of the scientific and technical instruments company’s stock valued at $744,000 after acquiring an additional 11,096 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/28/63-92-million-in-sales-expected-for-vishay-precision-group-inc-vpg-this-quarter.html.

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.

Get a free copy of the Zacks research report on Vishay Precision Group (VPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vishay Precision Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply