Analysts Anticipate Vishay Precision Group Inc (VPG) to Post $0.47 EPS

Vishay Precision Group Inc (NYSE:VPG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $53.00 for the company and are forecasting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 97 out of 256 based on the ratings given to related companies.

Separately, B. Riley set a $53.00 price target on shares of Vishay Precision Group and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

In related news, Director Timothy Talbert sold 2,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the director now directly owns 12,896 shares of the company’s stock, valued at $515,840. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Saul Reibstein sold 1,500 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $36.10, for a total transaction of $54,150.00. Following the completion of the transaction, the director now directly owns 12,699 shares of the company’s stock, valued at $458,433.90. The disclosure for this sale can be found here. 6.14% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Vishay Precision Group by 0.5% in the third quarter. Vanguard Group Inc. now owns 489,197 shares of the scientific and technical instruments company’s stock worth $18,296,000 after buying an additional 2,490 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Vishay Precision Group by 28.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 362,989 shares of the scientific and technical instruments company’s stock worth $10,973,000 after buying an additional 81,471 shares in the last quarter. Royce & Associates LP raised its stake in Vishay Precision Group by 27.8% in the first quarter. Royce & Associates LP now owns 329,351 shares of the scientific and technical instruments company’s stock worth $11,267,000 after buying an additional 71,551 shares in the last quarter. LSV Asset Management raised its stake in Vishay Precision Group by 4.5% in the first quarter. LSV Asset Management now owns 279,198 shares of the scientific and technical instruments company’s stock worth $9,551,000 after buying an additional 11,924 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its stake in Vishay Precision Group by 6.0% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 247,040 shares of the scientific and technical instruments company’s stock worth $7,468,000 after buying an additional 13,903 shares in the last quarter. 81.14% of the stock is owned by institutional investors.

NYSE VPG opened at $37.83 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.04 and a debt-to-equity ratio of 0.09. Vishay Precision Group has a 12-month low of $26.34 and a 12-month high of $45.00. The stock has a market cap of $511.20 million, a price-to-earnings ratio of 18.45 and a beta of 1.01.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.09. The company had revenue of $76.50 million during the quarter, compared to analyst estimates of $75.77 million. Vishay Precision Group had a net margin of 8.87% and a return on equity of 14.31%. Vishay Precision Group’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Sell-side analysts predict that Vishay Precision Group will post 2.23 earnings per share for the current fiscal year.

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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