Analysts predict that Vishay Precision Group Inc (NYSE:VPG) will announce sales of $75.94 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vishay Precision Group’s earnings. The lowest sales estimate is $75.00 million and the highest is $76.88 million. Vishay Precision Group posted sales of $69.44 million in the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is scheduled to report its next earnings report before the market opens on Wednesday, February 20th.
On average, analysts expect that Vishay Precision Group will report full year sales of $298.76 million for the current financial year, with estimates ranging from $297.81 million to $299.70 million. For the next fiscal year, analysts forecast that the business will post sales of $315.05 million, with estimates ranging from $315.00 million to $315.09 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Vishay Precision Group.
Separately, ValuEngine upgraded Vishay Precision Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Vishay Precision Group by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 77,660 shares of the scientific and technical instruments company’s stock valued at $2,348,000 after purchasing an additional 2,078 shares during the period. New York State Common Retirement Fund raised its holdings in Vishay Precision Group by 4.2% in the fourth quarter. New York State Common Retirement Fund now owns 24,593 shares of the scientific and technical instruments company’s stock valued at $743,000 after acquiring an additional 981 shares in the last quarter. First Trust Advisors LP grew its position in Vishay Precision Group by 18.6% in the 4th quarter. First Trust Advisors LP now owns 22,434 shares of the scientific and technical instruments company’s stock valued at $678,000 after buying an additional 3,526 shares during the last quarter. LSV Asset Management raised its stake in shares of Vishay Precision Group by 0.5% during the 4th quarter. LSV Asset Management now owns 267,274 shares of the scientific and technical instruments company’s stock worth $8,079,000 after buying an additional 1,227 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Vishay Precision Group by 33.6% during the 4th quarter. Rhumbline Advisers now owns 17,723 shares of the scientific and technical instruments company’s stock worth $536,000 after purchasing an additional 4,458 shares during the period. 79.32% of the stock is owned by hedge funds and other institutional investors.
Shares of VPG traded up $0.12 during trading hours on Wednesday, hitting $32.78. The stock had a trading volume of 20,163 shares, compared to its average volume of 44,981. The stock has a market cap of $437.37 million, a P/E ratio of 28.75, a P/E/G ratio of 0.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.09 and a quick ratio of 2.83. Vishay Precision Group has a fifty-two week low of $23.65 and a fifty-two week high of $45.00.
About Vishay Precision Group
Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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