B. Riley Predicts Higher Earnings for Vishay Precision Group

Vishay Precision Group, Inc. (NYSE:VPG - Free Report) - Analysts at B. Riley lifted their FY2024 earnings estimates for shares of Vishay Precision Group in a research report issued to clients and 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 previous 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.

Separately, StockNews.com raised shares of Vishay Precision Group from a "hold" rating to a "buy" rating in a research report on Tuesday, September 3rd.

Vishay Precision Group Price Performance

Shares of NYSE VPG traded down $0.73 during midday trading on Thursday, hitting $23.21. The company's stock had a trading volume of 97,855 shares, compared to its average volume of 62,066. The firm has a market capitalization of $307.65 million, a price-to-earnings ratio of 14.97 and a beta of 1.16. The business's fifty day simple moving average is $24.93 and its two-hundred day simple moving average is $29.34. Vishay Precision Group has a 1 year low of $22.79 and a 1 year high of $35.98.

Vishay Precision Group (NYSE:VPG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the company earned $0.58 earnings per share.

Hedge Funds Weigh In On Vishay Precision Group

Institutional investors and hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of Vishay Precision Group during the 1st quarter worth approximately $314,000. Acadian Asset Management LLC increased its position in shares of 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 purchasing an additional 32,484 shares in the last quarter. Roubaix Capital LLC lifted its holdings 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 valued at $2,622,000 after purchasing an additional 27,413 shares during the last quarter. EntryPoint Capital LLC boosted its position in shares of Vishay Precision Group by 34.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company's stock valued at $145,000 after purchasing an additional 1,048 shares during the period. Finally, Price T Rowe Associates Inc. MD grew 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 last quarter. Institutional investors and hedge funds own 87.61% of the company's stock.

Vishay Precision Group Company Profile

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.