Vishay Precision Group (NYSE:VPG) Releases Quarterly Earnings Results

Vishay Precision Group (NYSE:VPG) posted its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19, Zacks reports. The business had revenue of $75.73 million during the quarter, compared to the consensus estimate of $73.47 million. Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Vishay Precision Group updated its Q4 2024 guidance to EPS.

Vishay Precision Group Trading Down 0.3 %

Shares of VPG stock traded down $0.06 on Thursday, reaching $23.17. 40,537 shares of the stock were exchanged, compared to its average volume of 63,882. The business’s 50 day moving average price is $24.48 and its 200 day moving average price is $28.99. The company has a market capitalization of $307.23 million, a price-to-earnings ratio of 14.99 and a beta of 1.17. Vishay Precision Group has a twelve month low of $21.56 and a twelve month high of $35.98.

Analyst Upgrades and Downgrades

VPG has been the subject of several research reports. StockNews.com downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley dropped their price target on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a research note 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.