Shares of Virco Mfg. Co. (NASDAQ:VIRC) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $5.50 for the company and are anticipating that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also given Virco Mfg. an industry rank of 196 out of 265 based on the ratings given to its competitors.
VIRC has been the subject of several research reports. Zacks Investment Research lowered shares of Virco Mfg. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. ValuEngine lowered shares of Virco Mfg. from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Wedbush reiterated an “ourperform” rating and issued a $6.00 target price on shares of Virco Mfg. in a research report on Friday, September 15th.
A hedge fund recently raised its stake in Virco Mfg. stock. D.A. Davidson & CO. raised its holdings in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 50.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,723 shares of the company’s stock after buying an additional 83,250 shares during the period. D.A. Davidson & CO. owned about 1.63% of Virco Mfg. worth $1,319,000 at the end of the most recent reporting period. 28.09% of the stock is owned by hedge funds and other institutional investors.
Virco Mfg. (NASDAQ VIRC) traded down $0.15 on Tuesday, hitting $4.50. 25,500 shares of the stock were exchanged, compared to its average volume of 10,742. The stock has a market cap of $75.25, a price-to-earnings ratio of 490.00 and a beta of -0.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.48 and a quick ratio of 0.70. Virco Mfg. has a 12-month low of $3.55 and a 12-month high of $6.05.
Virco Mfg. (NASDAQ:VIRC) last announced its earnings results on Thursday, December 14th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.14). Virco Mfg. had a return on equity of 0.59% and a net margin of 0.19%. The company had revenue of $68.79 million during the quarter, compared to analysts’ expectations of $75.90 million. research analysts forecast that Virco Mfg. will post 0.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 28th will be given a dividend of $0.015 per share. The ex-dividend date is Wednesday, December 27th. This represents a $0.06 annualized dividend and a yield of 1.33%.
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About Virco Mfg.
Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.
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