Vishay Precision Group, Inc. (NYSE:VPG) – B. Riley upped their Q2 2018 earnings estimates for Vishay Precision Group in a note issued to investors on Wednesday. B. Riley analyst S. Sherbetchyan now forecasts that the scientific and technical instruments company will earn $0.38 per share for the quarter, up from their prior estimate of $0.31. B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. B. Riley also issued estimates for Vishay Precision Group’s Q3 2018 earnings at $0.39 EPS and FY2019 earnings at $1.48 EPS.
Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Vishay Precision Group had a return on equity of 7.52% and a net margin of 5.35%. The business had revenue of $62.80 million during the quarter, compared to analyst estimates of $60.88 million. During the same quarter last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year.
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A number of other equities research analysts have also issued reports on VPG. ValuEngine upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. BidaskClub upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th.
Vishay Precision Group (VPG) traded up $1.20 during mid-day trading on Thursday, hitting $24.95. The stock had a trading volume of 65,134 shares, compared to its average volume of 29,859. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.16. Vishay Precision Group has a fifty-two week low of $15.10 and a fifty-two week high of $25.45. The firm has a market capitalization of $315.66, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.29 and a beta of 0.89.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in Vishay Precision Group by 221.2% during the 3rd quarter. Wells Fargo & Company MN now owns 27,097 shares of the scientific and technical instruments company’s stock valued at $661,000 after purchasing an additional 18,662 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Vishay Precision Group by 76.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 38,700 shares of the scientific and technical instruments company’s stock valued at $944,000 after purchasing an additional 16,800 shares in the last quarter. EAM Investors LLC acquired a new stake in Vishay Precision Group during the 3rd quarter valued at approximately $859,000. Macquarie Group Ltd. acquired a new stake in Vishay Precision Group during the 3rd quarter valued at approximately $274,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Vishay Precision Group during the 3rd quarter valued at approximately $227,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.
Vishay Precision Group Company Profile
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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