Vishay Precision Group (NYSE:VPG) Releases Earnings Results, Meets Expectations

Vishay Precision Group (NYSE:VPG) announced its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19, Zacks reports. The company had revenue of $75.73 million for the quarter, compared to analysts’ expectations of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Vishay Precision Group updated its Q4 2024 guidance to EPS.

Vishay Precision Group Trading Down 0.1 %

Shares of NYSE:VPG opened at $23.20 on Friday. The company has a market capitalization of $307.63 million, a PE ratio of 23.43 and a beta of 1.17. The company has a current ratio of 4.41, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Vishay Precision Group has a 12-month low of $21.56 and a 12-month high of $35.98. The business’s fifty day simple moving average is $24.39 and its 200-day simple moving average is $28.95.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VPG. B. Riley dropped their price target on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Wednesday.

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.