Analysts expect Vishay Precision Group Inc (NYSE:VPG) to post sales of $74.48 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Vishay Precision Group’s earnings, with estimates ranging from $73.95 million to $75.00 million. Vishay Precision Group reported sales of $69.44 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that Vishay Precision Group will report full-year sales of $296.43 million for the current year, with estimates ranging from $295.05 million to $297.81 million. For the next year, analysts expect that the business will post sales of $312.57 million, with estimates ranging from $310.14 million to $315.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, November 6th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Vishay Precision Group had a net margin of 8.45% and a return on equity of 12.63%. The company had revenue of $75.49 million for the quarter, compared to the consensus estimate of $73.60 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 20.2% compared to the same quarter last year.
A number of research analysts have issued reports on VPG shares. ValuEngine downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. B. Riley restated a “buy” rating and set a $53.00 target price (up from $40.00) on shares of Vishay Precision Group in a research report on Monday, August 6th. Finally, Sidoti upgraded shares of Vishay Precision Group from a “neutral” rating to a “buy” rating in a research report on Thursday, October 11th.
In other Vishay Precision Group news, CFO William M. Clancy sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $43.21, for a total transaction of $432,100.00. Following the transaction, the chief financial officer now directly owns 19,575 shares in the company, valued at approximately $845,835.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ziv Shoshani sold 1,990 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 103,082 shares in the company, valued at $4,628,381.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,151 shares of company stock worth $1,812,295. Corporate insiders own 6.49% of the company’s stock.
Several large investors have recently made changes to their positions in VPG. Simplex Trading LLC raised its position in shares of Vishay Precision Group by 173.4% in the 3rd quarter. Simplex Trading LLC now owns 3,483 shares of the scientific and technical instruments company’s stock valued at $130,000 after acquiring an additional 2,209 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Vishay Precision Group in the 2nd quarter valued at approximately $203,000. Sawgrass Asset Management LLC bought a new stake in Vishay Precision Group during the 2nd quarter worth approximately $221,000. JBF Capital Inc. bought a new stake in Vishay Precision Group during the 2nd quarter worth approximately $229,000. Finally, GSA Capital Partners LLP bought a new stake in Vishay Precision Group during the 2nd quarter worth approximately $231,000. Institutional investors and hedge funds own 80.68% of the company’s stock.
Vishay Precision Group stock traded down $0.62 during trading hours on Monday, reaching $35.71. 45,747 shares of the company’s stock traded hands, compared to its average volume of 72,152. The company has a current ratio of 4.09, a quick ratio of 2.79 and a debt-to-equity ratio of 0.11. Vishay Precision Group has a fifty-two week low of $23.65 and a fifty-two week high of $45.00. The company has a market cap of $497.60 million, a PE ratio of 31.32, a PEG ratio of 0.93 and a beta of 0.97.
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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