Virco Mfg. Co. (NASDAQ:VIRC - Free Report) - Equities researchers at Wedbush reduced their FY2026 EPS estimates for shares of Virco Mfg. in a research report issued on Monday, April 21st. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.79 for the year, down from their prior forecast 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 shares of Virco Mfg. from a "buy" rating to a "hold" rating in a research note on Tuesday.
Check Out Our Latest Stock Analysis on Virco Mfg.
Virco Mfg. Price Performance
Shares of Virco Mfg. stock opened at $9.60 on Wednesday. The stock has a market cap of $154.44 million, a price-to-earnings ratio of 6.19 and a beta of 0.41. 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 stock has a 50 day moving average price of $10.04 and a 200-day moving average price of $11.89. Virco Mfg. has a one year low of $8.20 and a one year high of $18.50.
Virco Mfg. (NASDAQ:VIRC - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The company reported ($0.35) 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 company had revenue of $28.47 million during the quarter, compared to analysts' expectations of $43.00 million.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of VIRC. Principal Financial Group Inc. lifted 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 acquiring an additional 1,604 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Virco Mfg. by 510.3% during the third quarter. JPMorgan Chase & Co. now owns 30,221 shares of the company's stock worth $417,000 after purchasing an additional 25,269 shares during the last quarter. Minerva Advisors LLC boosted its stake in shares of Virco Mfg. by 5.5% during the fourth 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 during the period. Geode Capital Management LLC grew its holdings in shares of Virco Mfg. by 2.9% in the third quarter. Geode Capital Management LLC now owns 240,844 shares of the company's stock worth $3,327,000 after purchasing an additional 6,710 shares during the last quarter. Finally, State Street Corp increased its stake in Virco Mfg. by 22.6% in the 3rd quarter. State Street Corp now owns 170,300 shares of the company's stock worth $2,356,000 after buying an additional 31,415 shares during the period. Hedge funds and other institutional investors own 30.97% of the company's stock.
Virco Mfg. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Wednesday, March 26th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, March 26th. Virco Mfg.'s payout ratio is currently 7.46%.
Virco Mfg. announced that its board has initiated a stock repurchase plan on Tuesday, January 21st that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
About Virco Mfg.
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Virco Mfg., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virco Mfg. wasn't on the list.
While Virco Mfg. currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
