Vishay Precision Group (NYSE:VPG) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Vishay Precision Group (NYSE:VPGGet Rating) posted its earnings results on Monday. The scientific and technical instruments company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06, MarketWatch Earnings reports. Vishay Precision Group had a net margin of 6.36% and a return on equity of 9.83%. During the same period last year, the firm posted $0.31 EPS. Vishay Precision Group updated its Q2 2022 guidance to EPS.

Shares of VPG opened at $30.10 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.45 and a current ratio of 3.64. The company has a market capitalization of $410.41 million, a price-to-earnings ratio of 20.34 and a beta of 1.36. Vishay Precision Group has a 1 year low of $29.52 and a 1 year high of $39.71. The company has a fifty day moving average price of $31.87.

In other Vishay Precision Group news, Director Wes Cummins bought 15,000 shares of the business’s stock in a transaction on Wednesday, February 23rd. The stock was purchased at an average price of $32.02 per share, for a total transaction of $480,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.78% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Vishay Precision Group by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,465 shares of the scientific and technical instruments company’s stock valued at $1,206,000 after purchasing an additional 892 shares during the period. Swiss National Bank grew its holdings in Vishay Precision Group by 7.6% during the 1st quarter. Swiss National Bank now owns 29,800 shares of the scientific and technical instruments company’s stock valued at $958,000 after buying an additional 2,100 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Vishay Precision Group by 3.5% during the fourth quarter. Parametric Portfolio Associates LLC now owns 25,039 shares of the scientific and technical instruments company’s stock valued at $929,000 after buying an additional 854 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Vishay Precision Group by 240.3% in the second quarter. Wells Fargo & Company MN now owns 24,213 shares of the scientific and technical instruments company’s stock worth $824,000 after buying an additional 17,097 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Vishay Precision Group by 7.2% in the third quarter. Invesco Ltd. now owns 23,177 shares of the scientific and technical instruments company’s stock valued at $806,000 after acquiring an additional 1,561 shares during the period. 76.94% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. StockNews.com raised Vishay Precision Group from a “buy” rating to a “strong-buy” rating in a report on Monday, April 25th. Sidoti cut their price target on shares of Vishay Precision Group from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, March 4th.

Vishay Precision Group Company Profile (Get Rating)

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.

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Earnings History for Vishay Precision Group (NYSE:VPG)

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