Wedbush Issues Optimistic Outlook for Virco Mfg. Earnings

Virco Mfg. Co. (NASDAQ:VIRC - Free Report) - Investment analysts at Wedbush upped their Q2 2026 earnings per share (EPS) estimates for shares of Virco Mfg. in a report issued on Monday, June 9th. Wedbush analyst J. Mccanless now expects that the company will earn $0.84 per share for the quarter, up from their previous forecast of $0.81. The consensus estimate for Virco Mfg.'s current full-year earnings is $1.54 per share. Wedbush also issued estimates for Virco Mfg.'s Q4 2026 earnings at ($0.35) EPS, FY2026 earnings at $1.00 EPS, Q1 2027 earnings at $0.03 EPS, Q4 2027 earnings at ($0.34) EPS and FY2027 earnings at $1.15 EPS.

Virco Mfg. (NASDAQ:VIRC - Get Free Report) last released 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. The business had revenue of $33.75 million during the quarter, compared to the consensus estimate of $41.10 million. Virco Mfg. had a return on equity of 24.63% and a net margin of 8.93%. During the same period in the previous year, the company posted $0.13 EPS.

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

Virco Mfg. Stock Performance

Shares of Virco Mfg. stock traded up $0.04 on Wednesday, hitting $8.19. 20,513 shares of the company's stock were exchanged, compared to its average volume of 175,512. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.70 and a current ratio of 2.88. The company has a 50-day simple moving average of $8.95 and a 200-day simple moving average of $10.38. The stock has a market capitalization of $131.75 million, a PE ratio of 5.28 and a beta of 0.34. Virco Mfg. has a 1 year low of $8.00 and a 1 year high of $18.50.

Virco Mfg. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be given a dividend of $0.025 per share. The ex-dividend date is Friday, June 20th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.22%. Virco Mfg.'s dividend payout ratio is 7.94%.

Hedge Funds Weigh In On Virco Mfg.

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new stake in Virco Mfg. during the fourth quarter valued at $30,000. State of Wyoming purchased a new stake in shares of Virco Mfg. during the first quarter valued at $50,000. Quantbot Technologies LP bought a new position in Virco Mfg. in the 4th quarter worth about $70,000. Meeder Asset Management Inc. purchased a new position in Virco Mfg. during the 4th quarter worth $72,000. Finally, Quarry LP raised its position in Virco Mfg. by 810.2% during the 4th quarter. Quarry LP now owns 8,802 shares of the company's stock valued at $90,000 after purchasing an additional 7,835 shares in the last quarter. 30.97% of the stock is owned by hedge funds and other institutional investors.

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.