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

Vishay Precision Group (NYSE:VPG) announced its quarterly earnings results 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 business had revenue of $75.73 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.47 earnings per share. Vishay Precision Group updated its Q4 2024 guidance to EPS.

Vishay Precision Group Trading Down 0.8 %

VPG stock traded down $0.19 during midday trading on Thursday, hitting $23.04. The company’s stock had a trading volume of 35,280 shares, compared to its average volume of 63,866. The company has a market cap of $305.51 million, a PE ratio of 14.99 and a beta of 1.17. Vishay Precision Group has a 12 month low of $21.56 and a 12 month high of $35.98. The firm’s 50-day moving average is $24.48 and its 200-day moving average is $28.99.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in 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 target price on Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

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.