What is B. Riley’s Estimate for VPG FY2024 Earnings?

Vishay Precision Group, Inc. (NYSE:VPG) – B. Riley raised their FY2024 EPS estimates for Vishay Precision Group in a report issued on Tuesday, October 29th. B. Riley analyst J. Nichols now anticipates that the scientific and technical instruments company will post earnings per share of $1.12 for the year, up from their prior forecast of $1.11. 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 $1.11 per share. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.30 EPS.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company 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 7.49% and a net margin of 6.30%. During the same period in the prior year, the business earned $0.58 EPS.

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

Vishay Precision Group Stock Down 1.1 %

NYSE:VPG opened at $23.92 on Thursday. The company has a market cap of $317.06 million, a P/E ratio of 15.43 and a beta of 1.16. Vishay Precision Group has a fifty-two week low of $22.79 and a fifty-two week high of $35.98. The firm’s 50 day moving average is $25.01 and its two-hundred day moving average is $29.38.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently added to or reduced their stakes in the company. Roubaix Capital LLC grew its holdings in Vishay Precision Group by 40.6% during the 3rd quarter. Roubaix Capital LLC now owns 72,335 shares of the scientific and technical instruments company’s stock valued at $1,873,000 after purchasing an additional 20,870 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Vishay Precision Group during the 3rd quarter valued at $326,000. Annex Advisory Services LLC grew its holdings in Vishay Precision Group by 142.3% during the 3rd quarter. Annex Advisory Services LLC now owns 36,908 shares of the scientific and technical instruments company’s stock valued at $956,000 after purchasing an additional 21,678 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Vishay Precision Group during the 3rd quarter valued at $146,000. Finally, Algert Global LLC grew its holdings in Vishay Precision Group by 19.6% during the 2nd quarter. Algert Global LLC now owns 15,711 shares of the scientific and technical instruments company’s stock worth $478,000 after acquiring an additional 2,571 shares in the last quarter. 87.61% of the stock is owned by institutional investors and hedge funds.

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.