Shares of Virco Mfg. Co. (NASDAQ:VIRC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $4.75 for the company and are anticipating that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Virco Mfg. an industry rank of 207 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Virco Mfg. from a “sell” rating to a “hold” rating in a research note on Saturday.
A hedge fund recently raised its stake in Virco Mfg. stock. Wedbush Securities Inc. boosted its position in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,728,938 shares of the company’s stock after acquiring an additional 10,602 shares during the period. Virco Mfg. comprises 0.8% of Wedbush Securities Inc.’s investment portfolio, making the stock its 18th biggest holding. Wedbush Securities Inc. owned about 11.12% of Virco Mfg. worth $7,486,000 at the end of the most recent reporting period. 31.29% of the stock is currently owned by institutional investors.
VIRC stock traded down $0.20 during trading on Friday, reaching $4.75. 1,729 shares of the stock were exchanged, compared to its average volume of 4,533. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.29. The stock has a 50 day simple moving average of $4.26. Virco Mfg. has a 1 year low of $3.70 and a 1 year high of $5.35.
Virco Mfg. (NASDAQ:VIRC) last released its quarterly earnings results on Friday, June 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). Virco Mfg. had a negative net margin of 0.54% and a negative return on equity of 1.90%. The company had revenue of $26.89 million during the quarter, compared to analysts’ expectations of $23.20 million. Sell-side analysts forecast that Virco Mfg. will post 0.03 EPS for the current year.
About Virco Mfg.
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.
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