Equities Analysts Set Expectations for VPG FY2024 Earnings

Vishay Precision Group, Inc. (NYSE:VPG) – Investment analysts at B. Riley increased their FY2024 EPS estimates for shares of Vishay Precision Group in a research note issued on Tuesday, October 29th. B. Riley analyst J. Nichols now anticipates that the scientific and technical instruments company will post earnings per share of $1.12 for the year, up from their previous forecast of $1.11. B. Riley has a “Neutral” rating and a $31.00 price objective on the stock. The consensus estimate for Vishay Precision Group’s current full-year earnings is $1.11 per share. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.30 EPS.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. The business had revenue of $77.36 million during the quarter, compared to analyst estimates of $78.57 million. During the same period last year, the firm posted $0.58 earnings per share.

Separately, StockNews.com upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd.

Vishay Precision Group Stock Performance

NYSE VPG opened at $23.92 on Thursday. The firm has a market capitalization of $317.06 million, a PE ratio of 15.43 and a beta of 1.16. The company has a 50-day simple moving average of $25.01 and a 200-day simple moving average of $29.38. Vishay Precision Group has a one year low of $22.79 and a one year high of $35.98.

Institutional Trading of Vishay Precision Group

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in Vishay Precision Group by 20.9% in the 1st quarter. Acadian Asset Management LLC now owns 187,656 shares of the scientific and technical instruments company’s stock valued at $6,627,000 after purchasing an additional 32,484 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of Vishay Precision Group by 14.6% during the 2nd quarter. Annex Advisory Services LLC now owns 15,230 shares of the scientific and technical instruments company’s stock worth $464,000 after buying an additional 1,945 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Vishay Precision Group during the 1st quarter worth about $314,000. Price T Rowe Associates Inc. MD raised its position in shares of Vishay Precision Group by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,102 shares of the scientific and technical instruments company’s stock worth $711,000 after buying an additional 598 shares in the last quarter. Finally, Divisar Capital Management LLC raised its position in shares of Vishay Precision Group by 2.2% during the 2nd quarter. Divisar Capital Management LLC now owns 176,001 shares of the scientific and technical instruments company’s stock worth $5,357,000 after buying an additional 3,726 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.