Wedbush Brokers Raise Earnings Estimates for Virco Mfg.

Virco Mfg. Co. (NASDAQ:VIRC - Free Report) - Wedbush raised their Q2 2027 earnings estimates for Virco Mfg. in a report released on Monday, June 9th. Wedbush analyst J. Mccanless now expects that the company will earn $0.95 per share for the quarter, up from their previous estimate 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 announced its quarterly earnings results on Friday, June 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.12. Virco Mfg. had a return on equity of 24.63% and a net margin of 8.93%. The company had revenue of $33.75 million for the quarter, compared to the consensus estimate of $41.10 million. During the same quarter in the previous year, the business earned $0.13 EPS.

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

Virco Mfg. Trading Up 2.4%

Shares of VIRC traded up $0.20 during mid-day trading on Tuesday, hitting $8.64. 108,632 shares of the company's stock traded hands, compared to its average volume of 180,429. The company has a quick ratio of 1.70, a current ratio of 2.88 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $138.99 million, a P/E ratio of 5.57 and a beta of 0.34. The business's 50-day moving average price is $8.98 and its 200-day moving average price is $10.40. Virco Mfg. has a 1 year low of $8.00 and a 1 year high of $18.50.

Institutional Investors Weigh In On Virco Mfg.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of Virco Mfg. during the first quarter valued at approximately $211,000. Empowered Funds LLC purchased a new stake in Virco Mfg. during the 1st quarter valued at about $258,000. Goldman Sachs Group Inc. increased its stake in Virco Mfg. by 9.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 62,829 shares of the company's stock valued at $594,000 after purchasing an additional 5,436 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Virco Mfg. during the 1st quarter valued at about $186,000. Finally, AQR Capital Management LLC raised its holdings in Virco Mfg. by 25.7% in the first quarter. AQR Capital Management LLC now owns 317,915 shares of the company's stock worth $3,007,000 after buying an additional 64,944 shares during the last quarter. 30.97% of the stock is owned by hedge funds and other institutional investors.

Virco Mfg. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, June 20th. Virco Mfg.'s payout ratio is presently 7.46%.

Virco Mfg. Company Profile

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.