Vishay Precision Group (NYSE:VPG) Announces Earnings Results

Vishay Precision Group (NYSE:VPG) announced its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19, Zacks reports. The business 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 7.49% and a net margin of 6.30%. During the same period in the previous year, the firm earned $0.47 EPS. Vishay Precision Group updated its Q4 2024 guidance to EPS.

Vishay Precision Group Stock Performance

Shares of NYSE VPG traded down $0.03 during mid-day trading on Thursday, hitting $23.20. 84,630 shares of the stock traded hands, compared to its average volume of 64,094. Vishay Precision Group has a 52 week low of $21.56 and a 52 week high of $35.98. The company has a market cap of $307.63 million, a price-to-earnings ratio of 14.99 and a beta of 1.17. The stock has a fifty day moving average price of $24.48 and a 200-day moving average price of $28.99.

Analyst Upgrades and Downgrades

VPG has been the topic of a number of recent analyst reports. B. Riley cut their price objective 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 lowered Vishay Precision Group from a “buy” rating to a “hold” rating in a research 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.