Vishay Precision Group (NYSE:VPG) Announces Earnings Results, Misses Estimates By $0.01 EPS

Vishay Precision Group (NYSE:VPG) announced its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01), Zacks reports. Vishay Precision Group had a net margin of 7.10% and a return on equity of 8.68%. The firm had revenue of $77.36 million for the quarter, compared to analysts’ expectations of $78.57 million. During the same period last year, the company posted $0.58 earnings per share. Vishay Precision Group updated its Q3 2024 guidance to EPS.

Vishay Precision Group Stock Performance

Shares of VPG stock traded down $1.76 during trading hours on Wednesday, reaching $26.96. The company had a trading volume of 153,372 shares, compared to its average volume of 59,017. The business has a fifty day moving average price of $31.79 and a 200-day moving average price of $32.89. Vishay Precision Group has a one year low of $26.76 and a one year high of $38.07. The firm has a market cap of $360.02 million, a PE ratio of 14.90 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VPG. StockNews.com cut Vishay Precision Group from a “buy” rating to a “hold” rating in a research report on Wednesday. B. Riley lowered their price target on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday.

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.