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

Vishay Precision Group, Inc. (NYSE:VPG) – Equities researchers at B. Riley upped their FY2024 EPS estimates for shares of Vishay Precision Group in a research note issued on Tuesday, October 29th. B. Riley analyst J. Nichols now forecasts that the scientific and technical instruments company will post earnings of $1.12 per share for the year, up from their previous 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 $1.12 per share. B. Riley also issued estimates for Vishay Precision Group’s FY2025 earnings at $1.30 EPS.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. The company had revenue of $77.36 million during the quarter, compared to analyst estimates of $78.57 million. During the same quarter in the previous year, the company posted $0.58 EPS.

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

Vishay Precision Group Price Performance

VPG stock opened at $23.51 on Thursday. The company has a fifty day moving average price of $24.85 and a 200 day moving average price of $29.30. Vishay Precision Group has a 12 month low of $22.79 and a 12 month high of $35.98. The company has a market cap of $311.74 million, a price-to-earnings ratio of 15.17 and a beta of 1.16.

Hedge Funds Weigh In On Vishay Precision Group

Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in Vishay Precision Group by 3.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,102 shares of the scientific and technical instruments company’s stock valued at $711,000 after acquiring an additional 598 shares during the last quarter. EntryPoint Capital LLC grew its stake in Vishay Precision Group by 34.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company’s stock valued at $145,000 after acquiring an additional 1,048 shares during the last quarter. Annex Advisory Services LLC grew its stake in Vishay Precision Group by 14.6% in the 2nd quarter. Annex Advisory Services LLC now owns 15,230 shares of the scientific and technical instruments company’s stock valued at $464,000 after acquiring an additional 1,945 shares during the last quarter. Algert Global LLC grew its stake in Vishay Precision Group by 19.6% in the 2nd quarter. Algert Global LLC now owns 15,711 shares of the scientific and technical instruments company’s stock valued at $478,000 after acquiring an additional 2,571 shares during the last quarter. Finally, Divisar Capital Management LLC grew its stake in Vishay Precision Group by 2.2% in the 2nd quarter. Divisar Capital Management LLC now owns 176,001 shares of the scientific and technical instruments company’s stock valued at $5,357,000 after acquiring an additional 3,726 shares during the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.