Virco Mfg. (VIRC) Posts Earnings Results, Misses Estimates By $0.14 EPS
Virco Mfg. (NASDAQ:VIRC) announced its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14), Yahoo Finance reports. Virco Mfg. had a net margin of 11.67% and a return on equity of 6.68%. The business had revenue of $68.79 million during the quarter, compared to the consensus estimate of $75.90 million.
Shares of Virco Mfg. (NASDAQ VIRC) remained flat at $$5.15 during trading hours on Friday. The company had a trading volume of 19,300 shares, compared to its average volume of 10,544. The firm has a market capitalization of $79.09, a PE ratio of 19.81 and a beta of -0.04. Virco Mfg. has a one year low of $3.55 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.48 and a quick ratio of 0.70.
An institutional investor recently raised its position in Virco Mfg. stock. Northern Trust Corp boosted its holdings in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 Mfg. worth $167,000 as of its most recent SEC filing. Institutional investors own 28.09% of the company’s stock.
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Virco Mfg. 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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