B. Riley Equities Analysts Reduce Earnings Estimates for VPG

Vishay Precision Group, Inc. (NYSE:VPG) – Investment analysts at B. Riley lowered their FY2024 earnings estimates for shares of Vishay Precision Group in a research report issued on Tuesday, November 5th. B. Riley analyst J. Nichols now anticipates that the scientific and technical instruments company will post earnings per share of $1.06 for the year, down from their previous estimate of $1.12. B. Riley has a “Neutral” rating and a $31.00 price target 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.

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

Vishay Precision Group Trading Down 0.1 %

Shares of VPG stock opened at $23.20 on Friday. The firm has a 50 day moving average price of $24.39 and a two-hundred day moving average price of $28.95. The company has a quick ratio of 1.68, a current ratio of 4.41 and a debt-to-equity ratio of 0.09. 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.

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

Institutional Investors Weigh In On Vishay Precision Group

Hedge funds have recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in Vishay Precision Group during the third quarter worth approximately $66,000. EntryPoint Capital LLC raised its position in shares of Vishay Precision Group by 34.2% in the first quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company’s stock valued at $145,000 after buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Vishay Precision Group in the third quarter valued at approximately $146,000. Kovack Advisors Inc. acquired a new stake in shares of Vishay Precision Group in the third quarter valued at approximately $218,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Vishay Precision Group in the first quarter valued at approximately $314,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

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.