Wedbush Forecasts Virco Mfg.'s Q2 Earnings (NASDAQ:VIRC)

Virco Mfg. Co. (NASDAQ:VIRC - Free Report) - Stock analysts at Wedbush boosted their Q2 2027 EPS estimates for Virco Mfg. in a research note issued on Monday, June 9th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.85. The consensus estimate for Virco Mfg.'s current full-year earnings is $1.54 per share. Wedbush also issued estimates for Virco Mfg.'s Q3 2027 earnings at $0.51 EPS.

Virco Mfg. (NASDAQ:VIRC - Get Free Report) last posted its earnings results on Friday, June 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12. The company had revenue of $33.75 million during the quarter, compared to analysts' expectations of $41.10 million. Virco Mfg. had a net margin of 8.93% and a return on equity of 24.63%. During the same period last year, the company posted $0.13 earnings per share.

Separately, Wall Street Zen lowered Virco Mfg. from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd.

Virco Mfg. Price Performance

Shares of Virco Mfg. stock traded down $0.33 during trading on Tuesday, reaching $7.92. 55,341 shares of the stock traded hands, compared to its average volume of 173,413. Virco Mfg. has a 52-week low of $7.86 and a 52-week high of $18.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.88 and a quick ratio of 1.70. The business has a fifty day simple moving average of $8.90 and a two-hundred day simple moving average of $10.26. The company has a market capitalization of $127.41 million, a price-to-earnings ratio of 5.11 and a beta of 0.34.

Institutional Investors Weigh In On Virco Mfg.

Large investors have recently bought and sold shares of the business. Bastion Asset Management Inc. purchased a new position in shares of Virco Mfg. in the 4th quarter worth $1,603,000. Arkadios Wealth Advisors bought a new position in shares of Virco Mfg. in the 1st quarter valued at about $1,112,000. Nuveen LLC purchased a new position in Virco Mfg. in the first quarter worth about $1,111,000. Bank of New York Mellon Corp increased its stake in Virco Mfg. by 311.6% during the fourth quarter. Bank of New York Mellon Corp now owns 145,530 shares of the company's stock worth $1,492,000 after acquiring an additional 110,173 shares during the last quarter. Finally, Quartz Partners LLC bought a new stake in Virco Mfg. during the fourth quarter worth approximately $883,000. Institutional investors own 30.97% of the company's stock.

Virco Mfg. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, June 20th. Virco Mfg.'s dividend payout ratio (DPR) is presently 7.94%.

About Virco Mfg.

Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.