Virco Mfg. Co. (NASDAQ:VIRC) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $5.50 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Virco Mfg. an industry rank of 78 out of 265 based on the ratings given to related companies.

Several equities analysts have recently weighed in on the stock. Wedbush reiterated an “ourperform” rating and issued a $6.00 target price on shares of Virco Mfg. in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Virco Mfg. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, ValuEngine downgraded shares of Virco Mfg. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

Shares of Virco Mfg. (NASDAQ VIRC) opened at $4.85 on Friday. The company has a market cap of $73.33, a PE ratio of 485.49 and a beta of -0.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.17 and a quick ratio of 0.87. Virco Mfg. has a 12-month low of $3.55 and a 12-month high of $6.05.

Virco Mfg. (NASDAQ:VIRC) last announced its quarterly earnings data on Thursday, December 14th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). The company had revenue of $68.79 million during the quarter, compared to the consensus estimate of $75.90 million. Virco Mfg. had a return on equity of 0.58% and a net margin of 0.19%. equities analysts forecast that Virco Mfg. will post 0.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 28th will be paid a $0.015 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.06 annualized dividend and a dividend yield of 1.24%. Virco Mfg.’s payout ratio is 600.60%.

An institutional investor recently raised its position in Virco Mfg. stock. Northern Trust Corp raised its holdings in Virco Mfg. Co. (NASDAQ:VIRC) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,298 shares of the company’s stock after purchasing an additional 1,760 shares during the period. Northern Trust Corp owned 0.21% of Virco Mfg. worth $167,000 at the end of the most recent reporting period. 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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