Wedbush Brokers Increase Earnings Estimates for Virco Mfg.

Virco Mfg. Co. (NASDAQ:VIRC) – Stock analysts at Wedbush increased their Q2 2027 earnings per share estimates for Virco Mfg. in a research note issued on Monday, June 9th. Wedbush analyst J. Mccanless now expects that the company will post earnings of $0.95 per share for the quarter, up from their prior 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.

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

Virco Mfg. Price Performance

Shares of NASDAQ VIRC opened at $8.53 on Tuesday. Virco Mfg. has a 52 week low of $8.00 and a 52 week high of $18.50. The business’s 50 day moving average price is $8.98 and its 200 day moving average price is $10.40. 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 cap of $137.25 million, a P/E ratio of 5.49 and a beta of 0.34.

Virco Mfg. (NASDAQ:VIRC) last issued its earnings results on Friday, June 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $41.10 million. During the same quarter last year, the business posted $0.13 EPS.

Institutional Investors Weigh In On Virco Mfg.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in Virco Mfg. by 11.8% during the fourth quarter. Rhumbline Advisers now owns 16,653 shares of the company’s stock worth $171,000 after acquiring an additional 1,753 shares during the period. Principal Financial Group Inc. grew its stake in shares of Virco Mfg. by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 15,656 shares of the company’s stock worth $160,000 after purchasing an additional 1,604 shares during the period. IFP Advisors Inc purchased a new position in shares of Virco Mfg. during the 4th quarter valued at approximately $30,000. Quartz Partners LLC acquired a new position in shares of Virco Mfg. in the 4th quarter valued at $883,000. Finally, Minerva Advisors LLC increased its stake in shares of Virco Mfg. by 5.5% in the 4th quarter. Minerva Advisors LLC now owns 1,162,589 shares of the company’s stock valued at $11,870,000 after purchasing an additional 60,900 shares in the last quarter. 30.97% of the stock is owned by institutional investors and hedge funds.

Virco Mfg. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, June 20th. Virco Mfg.’s payout ratio is 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.