Virco Manufacturing Corporation (VIRC) Set to Announce Earnings on Tuesday
Virco Manufacturing Corporation (NASDAQ:VIRC) is set to post its quarterly earnings results on Tuesday, September 12th. Analysts expect Virco Manufacturing Corporation to post earnings of $0.34 per share for the quarter.
Virco Manufacturing Corporation (NASDAQ:VIRC) last announced its earnings results on Monday, June 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.02. The company had revenue of $23.24 million during the quarter. Virco Manufacturing Corporation had a net margin of 13.47% and a return on equity of 10.87%. On average, analysts expect Virco Manufacturing Corporation to post $0.44 EPS for the current fiscal year and $0.56 EPS for the next fiscal year.
Virco Manufacturing Corporation (NASDAQ:VIRC) opened at 5.25 on Tuesday. The company has a market cap of $79.69 million, a price-to-earnings ratio of 3.40 and a beta of 0.12. Virco Manufacturing Corporation has a 12 month low of $3.55 and a 12 month high of $5.95. The company has a 50-day moving average of $5.37 and a 200-day moving average of $4.63.
A number of brokerages have recently weighed in on VIRC. Zacks Investment Research lowered Virco Manufacturing Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine upgraded Virco Manufacturing Corporation from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush restated an “outperform” rating and issued a $6.00 target price (up from $5.00) on shares of Virco Manufacturing Corporation in a research note on Wednesday, June 21st. Finally, TheStreet upgraded Virco Manufacturing Corporation from a “c+” rating to a “b” rating in a research note on Thursday, June 22nd.
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An institutional investor recently raised its position in Virco Manufacturing Corporation stock. Northern Trust Corp grew its holdings in Virco Manufacturing Corporation (NASDAQ:VIRC) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,298 shares of the company’s stock after buying an additional 1,760 shares during the quarter. Northern Trust Corp owned approximately 0.21% of Virco Manufacturing Corporation worth $167,000 at the end of the most recent reporting period. Institutional investors own 27.74% of the company’s stock.
Virco Manufacturing Corporation Company Profile
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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