Vishay Precision Group Inc (VPG) Expected to Post Quarterly Sales of $75.94 Million

Brokerages expect Vishay Precision Group Inc (NYSE:VPG) to post sales of $75.94 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Vishay Precision Group’s earnings, with the highest sales estimate coming in at $76.88 million and the lowest estimate coming in at $75.00 million. Vishay Precision Group reported sales of $69.44 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The firm is expected 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 financial year, analysts forecast that the company will post sales of $315.05 million, with estimates ranging from $315.00 million to $315.09 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Vishay Precision Group.

Separately, ValuEngine raised Vishay Precision Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

A number of hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in Vishay Precision Group during the 4th quarter valued at about $28,000. Meeder Asset Management Inc. increased its stake in shares of Vishay Precision Group by 76.3% during the 4th quarter. Meeder Asset Management Inc. now owns 1,740 shares of the scientific and technical instruments company’s stock valued at $54,000 after acquiring an additional 753 shares during the last quarter. Simplex Trading LLC increased its position in Vishay Precision Group by 173.4% in the third quarter. Simplex Trading LLC now owns 3,483 shares of the scientific and technical instruments company’s stock worth $130,000 after buying an additional 2,209 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Vishay Precision Group in the 3rd quarter valued at $236,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Vishay Precision Group during the 3rd quarter worth about $287,000. Institutional investors own 79.32% of the company’s stock.

NYSE VPG traded up $0.12 on Wednesday, reaching $32.78. The company had a trading volume of 20,163 shares, compared to its average volume of 44,981. The company has a quick ratio of 2.83, a current ratio of 4.09 and a debt-to-equity ratio of 0.11. The stock has a market cap of $437.37 million, a PE ratio of 28.75, a P/E/G ratio of 0.70 and a beta of 1.07. Vishay Precision Group has a 1 year low of $23.65 and a 1 year high of $45.00.

Vishay Precision Group Company Profile

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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