Vishay Precision Group (NYSE:VPG) Announces Earnings Results

Vishay Precision Group (NYSE:VPG) released its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Zacks reports. The firm had revenue of $77.36 million for the quarter, compared to the consensus estimate of $78.57 million. Vishay Precision Group had a net margin of 7.10% and a return on equity of 8.68%. During the same quarter last year, the company earned $0.58 earnings per share. Vishay Precision Group updated its Q3 2024 guidance to EPS.

Vishay Precision Group Stock Performance

Vishay Precision Group stock traded down $1.70 on Wednesday, reaching $27.02. The company’s stock had a trading volume of 126,650 shares, compared to its average volume of 58,777. The business’s fifty day moving average price is $31.90 and its 200 day moving average price is $32.93. The company has a market cap of $360.83 million, a price-to-earnings ratio of 14.78 and a beta of 1.22. Vishay Precision Group has a twelve month low of $26.76 and a twelve month high of $38.07.

Analysts Set New Price Targets

Separately, B. Riley dropped their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday.

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.