Stock News Recap: Vishay Intertechnology, Inc. (NYSE: VSH)

On Friday, Vishay Intertechnology, Inc. (NYSE: VSH) noted a down move of -2.34% in most recent trading session with finishing price of $19.65. The company negotiated 791906 shares compared to an average volume of 945.9K shares. EPS growth for this year is 58.60% and EPS growth for next year is estimated to reach at -13.01%.

EPS growth in past five years was 23.50% while EPS growth in next five years is projected to arrive at 9.00%. Sales growth past 5 years was measured at 5.10%.

Vishay Intertechnology, Inc. (VSH) recently reported its results for the fiscal quarter and nine fiscal months ended September 28, 2019.

Revenues for the fiscal quarter ended September 28, 2019 were $628.3M, contrast to $685.2M for the fiscal quarter ended June 29, 2019, and $781.0M for the fiscal quarter ended September 29, 2018.

Net earnings attributable to Vishay stockholders for the fiscal quarter ended September 28, 2019 were $30.0M, or $0.21 per diluted share, contrast to $44.5M, or $0.31 per diluted share for the fiscal quarter ended June 29, 2019, and $77.9M, or $0.51 per diluted share for the fiscal quarter ended September 29, 2018.

As summarized on the attached reconciliation schedule, all periods presented include items affecting comparability.

Adjusted earnings per diluted share, which exclude these items net of tax and the unusual tax items, were $0.26, $0.36, and $0.60 for the fiscal quarters ended September 28, 2019, June 29, 2019, and September 29, 2018, respectively.

Commenting on the outlook Dr. Paul stated, “For the fourth quarter we expect a continuation of the inventory reduction in the supply chain and guide for revenues in a range of $580 to $620M and gross margins of 23% to 24%.”

VSH as of last trading session moved at 36.84% from its 52-week low and was trading at -14.34% to its 52-week high.

The stock price added at 3.46% from 20-Days Simple Moving Average, surged at 10.31% from 50-Days Simple Moving Average and settled at 8.96% from 200 Days Simple Moving Average. </p>