Wedbush Has Pessimistic View of Virco Mfg. FY2026 Earnings

Virco Mfg. Co. (NASDAQ:VIRC - Free Report) - Research analysts at Wedbush reduced their FY2026 EPS estimates for Virco Mfg. in a research note issued to investors on Monday, April 21st. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.79 per share for the year, down from their previous estimate of $1.31. 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 ($0.37) EPS.

Separately, StockNews.com lowered Virco Mfg. from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd.

Virco Mfg. Stock Performance

VIRC traded down $0.15 on Wednesday, hitting $9.24. 59,379 shares of the company's stock were exchanged, compared to its average volume of 187,373. The company has a current ratio of 2.88, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $9.91 and a two-hundred day moving average of $11.78. Virco Mfg. has a twelve month low of $8.50 and a twelve month high of $18.50. The firm has a market cap of $148.68 million, a PE ratio of 5.95 and a beta of 0.41.

Virco Mfg. (NASDAQ:VIRC - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.20). Virco Mfg. had a return on equity of 24.63% and a net margin of 8.93%. The business had revenue of $28.47 million for the quarter, compared to analysts' expectations of $43.00 million.

Institutional Investors Weigh In On Virco Mfg.

Several institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc bought a new position in shares of Virco Mfg. in the fourth quarter valued at approximately $30,000. Quantbot Technologies LP acquired a new position in shares of Virco Mfg. during the 4th quarter valued at $70,000. Meeder Asset Management Inc. bought a new stake in shares of Virco Mfg. in the 4th quarter worth $72,000. Quarry LP lifted its holdings in shares of Virco Mfg. by 810.2% in the fourth quarter. Quarry LP now owns 8,802 shares of the company's stock valued at $90,000 after buying an additional 7,835 shares during the period. Finally, Graham Capital Management L.P. bought a new position in Virco Mfg. during the fourth quarter valued at about $107,000. Institutional investors and hedge funds own 30.97% of the company's stock.

Virco Mfg. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Wednesday, March 26th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.10 annualized dividend and a dividend yield of 1.08%. Virco Mfg.'s payout ratio is 7.46%.

Virco Mfg. declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 21st that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.