Vishay Precision Group (NYSE:VPG) Announces Quarterly Earnings Results, Meets Estimates

Vishay Precision Group (NYSE:VPG) issued its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19, Zacks reports. The company had revenue of $75.73 million for the quarter, compared to analyst estimates of $73.47 million. Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. During the same period last year, the company posted $0.47 earnings per share. Vishay Precision Group updated its Q4 2024 guidance to EPS.

Vishay Precision Group Trading Down 0.8 %

VPG traded down $0.19 on Thursday, reaching $23.04. The stock had a trading volume of 35,280 shares, compared to its average volume of 63,866. Vishay Precision Group has a 12-month low of $21.56 and a 12-month high of $35.98. The business’s 50-day moving average price is $24.48 and its two-hundred day moving average price is $28.99. The company has a market cap of $305.51 million, a P/E ratio of 14.99 and a beta of 1.17.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VPG. StockNews.com downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley cut their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

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.