$68.89 Million in Sales Expected for Vishay Precision Group Inc (NYSE:VPG) This Quarter
Equities research analysts forecast that Vishay Precision Group Inc (NYSE:VPG) will post $68.89 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Vishay Precision Group’s earnings, with estimates ranging from $67.00 million to $70.78 million. Vishay Precision Group reported sales of $75.49 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.7%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, November 5th.
According to Zacks, analysts expect that Vishay Precision Group will report full-year sales of $287.61 million for the current financial year, with estimates ranging from $284.40 million to $290.81 million. For the next financial year, analysts expect that the company will report sales of $303.97 million, with estimates ranging from $300.00 million to $307.94 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Vishay Precision Group.
Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.07). The company had revenue of $70.90 million during the quarter, compared to analyst estimates of $73.71 million. Vishay Precision Group had a return on equity of 13.16% and a net margin of 8.26%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share.
Shares of NYSE VPG traded down $0.74 during mid-day trading on Tuesday, reaching $31.70. The company had a trading volume of 53,537 shares, compared to its average volume of 49,440. The company has a current ratio of 4.39, a quick ratio of 3.12 and a debt-to-equity ratio of 0.09. The stock has a market cap of $438.65 million, a PE ratio of 15.46, a P/E/G ratio of 0.85 and a beta of 1.09. The company has a 50-day moving average price of $32.77 and a two-hundred day moving average price of $36.31. Vishay Precision Group has a 1-year low of $26.34 and a 1-year high of $41.90.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank acquired a new stake in Vishay Precision Group during the second quarter valued at $800,000. WINTON GROUP Ltd acquired a new stake in shares of Vishay Precision Group in the second quarter worth about $309,000. BlackRock Inc. increased its stake in Vishay Precision Group by 3.1% during the second quarter. BlackRock Inc. now owns 768,344 shares of the scientific and technical instruments company’s stock valued at $31,218,000 after acquiring an additional 23,281 shares during the period. Bridge City Capital LLC acquired a new position in Vishay Precision Group during the 2nd quarter worth $1,207,000. Finally, Alambic Investment Management L.P. bought a new stake in shares of Vishay Precision Group during the 2nd quarter valued at $279,000. Institutional investors and hedge funds own 80.68% of the company’s stock.
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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