B. Riley Cuts Earnings Estimates for Vishay Precision Group

Vishay Precision Group, Inc. (NYSE:VPG - Free Report) - Research analysts at B. Riley reduced their FY2024 earnings per share estimates for Vishay Precision Group in a report released on Tuesday, November 5th. B. Riley analyst J. Nichols now anticipates that the scientific and technical instruments company will post earnings of $1.06 per share for the year, down from their prior forecast of $1.12. B. Riley has a "Neutral" rating and a $31.00 price objective 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 cut Vishay Precision Group from a "buy" rating to a "hold" rating in a research report on Wednesday.

Vishay Precision Group Stock Down 2.9 %

VPG stock traded down $0.67 during midday trading on Friday, hitting $22.53. The company's stock had a trading volume of 62,836 shares, compared to its average volume of 64,088. The firm has a market capitalization of $298.75 million, a P/E ratio of 23.43 and a beta of 1.17. The firm has a 50-day simple moving average of $24.39 and a 200-day simple moving average of $28.95. Vishay Precision Group has a 52-week low of $21.56 and a 52-week high of $35.98. The company has a quick ratio of 1.68, a current ratio of 4.41 and a debt-to-equity ratio of 0.09.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 EPS for the quarter, hitting 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 firm had revenue of $75.73 million for the quarter, compared to analyst estimates of $73.47 million. During the same period in the prior year, the business posted $0.47 EPS.

Institutional Trading of Vishay Precision Group

Institutional investors and hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System purchased a new position in Vishay Precision Group during the first quarter worth about $314,000. Acadian Asset Management LLC boosted its position in shares of Vishay Precision Group by 20.9% in 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 buying 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 first quarter. Roubaix Capital LLC now owns 74,203 shares of the scientific and technical instruments company's stock valued at $2,622,000 after buying an additional 27,413 shares in the last quarter. EntryPoint Capital LLC grew its position in 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 acquiring an additional 1,048 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Vishay Precision Group by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,102 shares of the scientific and technical instruments company's stock worth $711,000 after buying an additional 598 shares during the period. Hedge funds and other institutional investors 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.