Vishay Precision Group (NYSE:VPG) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Vishay Precision Group (NYSE:VPG) issued its earnings results on Tuesday. The scientific and technical instruments company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. The firm had revenue of $77.36 million for the quarter, compared to analysts’ expectations of $78.57 million. Vishay Precision Group had a return on equity of 7.48% and a net margin of 6.30%. During the same period last year, the firm earned $0.58 earnings per share. Vishay Precision Group updated its Q3 2024 guidance to EPS.

Vishay Precision Group Price Performance

Shares of NYSE:VPG traded up $0.44 during trading on Thursday, reaching $27.40. The company had a trading volume of 57,807 shares, compared to its average volume of 59,008. The firm has a market capitalization of $365.79 million, a price-to-earnings ratio of 15.17 and a beta of 1.22. The stock’s fifty day moving average price is $31.79 and its 200 day moving average price is $32.89. Vishay Precision Group has a fifty-two week low of $26.76 and a fifty-two week high of $37.00.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VPG. StockNews.com lowered Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley decreased their price objective on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday.

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.