Virco Mfg. Co. (NASDAQ:VIRC) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $5.50 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Virco Mfg. an industry rank of 210 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently commented on VIRC shares. Zacks Investment Research lowered Virco Mfg. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. ValuEngine lowered Virco Mfg. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Wedbush reaffirmed an “ourperform” rating and issued a $6.00 price objective on shares of Virco Mfg. in a research note on Friday, September 15th.
Virco Mfg. (NASDAQ:VIRC) traded up $0.15 during trading on Tuesday, hitting $4.90. The company had a trading volume of 12,300 shares, compared to its average volume of 10,715. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 2.17. The firm has a market capitalization of $72.18, a price-to-earnings ratio of 490.49 and a beta of -0.04. Virco Mfg. has a one year low of $3.55 and a one year high of $6.05.
Virco Mfg. (NASDAQ:VIRC) last posted its quarterly earnings data on Thursday, December 14th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). The company had revenue of $68.79 million during the quarter, compared to analyst estimates of $75.90 million. Virco Mfg. had a return on equity of 0.58% and a net margin of 0.19%. analysts predict that Virco Mfg. will post 0.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 28th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, December 27th.
A hedge fund recently raised its stake in Virco Mfg. stock. D.A. Davidson & CO. grew its position in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 50.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,723 shares of the company’s stock after acquiring an additional 83,250 shares during the quarter. D.A. Davidson & CO. owned about 1.63% of Virco Mfg. worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission. 28.09% of the stock is currently owned by hedge funds and other institutional investors.
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About Virco Mfg.
Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.
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