Analysts Anticipate Virco Mfg. Co. (VIRC) to Post $0.32 EPS

Shares of Virco Mfg. Co. (NASDAQ:VIRC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price target of $5.50 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Virco Mfg. an industry rank of 112 out of 255 based on the ratings given to related companies.

Separately, ValuEngine upgraded Virco Mfg. from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th.

Shares of NASDAQ VIRC traded down $0.10 during trading hours on Thursday, reaching $4.00. The stock had a trading volume of 42,374 shares, compared to its average volume of 7,009. The company has a current ratio of 1.51, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. Virco Mfg. has a 52-week low of $3.95 and a 52-week high of $6.05.

Virco Mfg. (NASDAQ:VIRC) last announced its quarterly earnings results on Friday, September 14th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The firm had revenue of $74.80 million during the quarter, compared to analysts’ expectations of $85.70 million. Virco Mfg. had a negative net margin of 2.42% and a negative return on equity of 7.55%. research analysts predict that Virco Mfg. will post 0.36 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Virco Mfg. stock. Mill Road Capital Management LLC lifted its position in Virco Mfg. Co. (NASDAQ:VIRC) by 16.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 240,310 shares of the company’s stock after purchasing an additional 33,481 shares during the period. Virco Mfg. accounts for about 0.6% of Mill Road Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Mill Road Capital Management LLC owned approximately 1.56% of Virco Mfg. worth $1,057,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 31.24% of the company’s stock.

Virco Mfg. Company Profile

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.

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