B. Riley Has Optimistic Outlook of VPG FY2024 Earnings

Vishay Precision Group, Inc. (NYSE:VPG) – Stock analysts at B. Riley increased their FY2024 earnings estimates for Vishay Precision Group in a research note issued to investors on Tuesday, October 29th. B. Riley analyst J. Nichols now anticipates that the scientific and technical instruments company will post earnings of $1.12 per share for the year, up from their prior estimate of $1.11. 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 $1.11 per share. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.30 EPS.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $77.36 million for the quarter, compared to analyst estimates of $78.57 million. Vishay Precision Group had a return on equity of 7.49% and a net margin of 6.30%. During the same period in the prior year, the business earned $0.58 earnings per share.

Separately, StockNews.com upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd.

Vishay Precision Group Price Performance

NYSE VPG opened at $23.21 on Thursday. Vishay Precision Group has a 12 month low of $22.79 and a 12 month high of $35.98. The company has a 50-day moving average of $24.93 and a 200-day moving average of $29.34. The company has a market cap of $307.65 million, a P/E ratio of 14.97 and a beta of 1.16.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Vishay Precision Group by 47.7% in the 2nd quarter. American Century Companies Inc. now owns 192,661 shares of the scientific and technical instruments company’s stock worth $5,865,000 after buying an additional 62,186 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Vishay Precision Group by 20.9% during the first quarter. Acadian Asset Management LLC now owns 187,656 shares of the scientific and technical instruments company’s stock worth $6,627,000 after acquiring an additional 32,484 shares during the period. Roubaix Capital LLC grew its stake in shares of Vishay Precision Group by 58.6% in the 1st quarter. Roubaix Capital LLC now owns 74,203 shares of the scientific and technical instruments company’s stock worth $2,622,000 after purchasing an additional 27,413 shares during the last quarter. Annex Advisory Services LLC grew its position in Vishay Precision Group by 142.3% in the third quarter. Annex Advisory Services LLC now owns 36,908 shares of the scientific and technical instruments company’s stock worth $956,000 after buying an additional 21,678 shares during the last quarter. Finally, Foundry Partners LLC raised its position in shares of Vishay Precision Group by 11.6% during the second quarter. Foundry Partners LLC now owns 139,785 shares of the scientific and technical instruments company’s stock worth $4,255,000 after purchasing an additional 14,585 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

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.