B. Riley Equities Analysts Reduce Earnings Estimates for VPG

Vishay Precision Group, Inc. (NYSE:VPG) – Equities researchers at B. Riley decreased their FY2024 earnings per share (EPS) estimates for shares of Vishay Precision Group in a research note issued to investors on Tuesday, November 5th. B. Riley analyst J. Nichols now anticipates that the scientific and technical instruments company will earn $1.06 per share for the year, down from their prior forecast of $1.12. B. Riley currently has a “Neutral” rating and a $31.00 target price on the stock. The consensus estimate for Vishay Precision Group’s current full-year earnings is $1.12 per share. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.07 EPS.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $75.73 million for the quarter, compared to the consensus estimate of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same quarter last year, the business posted $0.47 EPS.

Separately, StockNews.com downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Wednesday.

Vishay Precision Group Stock Performance

Shares of Vishay Precision Group stock opened at $23.20 on Friday. The company has a market capitalization of $307.63 million, a PE ratio of 23.43 and a beta of 1.17. Vishay Precision Group has a 12 month low of $21.56 and a 12 month high of $35.98. The company has a current ratio of 4.41, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $24.39 and its 200 day simple moving average is $28.95.

Hedge Funds Weigh In On Vishay Precision Group

Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in Vishay Precision Group by 20.9% during the 1st quarter. Acadian Asset Management LLC now owns 187,656 shares of the scientific and technical instruments company’s stock worth $6,627,000 after purchasing an additional 32,484 shares in the last quarter. Annex Advisory Services LLC increased its holdings in 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 purchasing an additional 1,945 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Vishay Precision Group in the 1st quarter valued at about $314,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Vishay Precision Group by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,102 shares of the scientific and technical instruments company’s stock valued at $711,000 after acquiring an additional 598 shares in the last quarter. Finally, Divisar Capital Management LLC grew its holdings in shares of Vishay Precision Group by 2.2% in the 2nd quarter. Divisar Capital Management LLC now owns 176,001 shares of the scientific and technical instruments company’s stock valued at $5,357,000 after acquiring an additional 3,726 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

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.