Virco Mfg. (NASDAQ:VIRC) Issues Earnings Results

Virco Mfg. (NASDAQ:VIRCGet Free Report) released its earnings results on Friday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.26, Zacks reports. Virco Mfg. had a net margin of 9.07% and a return on equity of 28.61%. The company had revenue of $46.74 million for the quarter, compared to analysts’ expectations of $37.70 million.

Virco Mfg. Trading Up 21.5 %

Virco Mfg. stock opened at $13.19 on Monday. The company has a current ratio of 2.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. Virco Mfg. has a 12 month low of $3.70 and a 12 month high of $13.37. The stock’s 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $10.75. The firm has a market cap of $215.66 million, a PE ratio of 8.46 and a beta of 0.67.

Virco Mfg. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 21st will be given a $0.02 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.61%. Virco Mfg.’s dividend payout ratio is currently 5.13%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $19.00 price objective (up from $16.00) on shares of Virco Mfg. in a research note on Friday. TheStreet raised shares of Virco Mfg. from a “c” rating to a “b” rating in a research note on Wednesday, February 14th.

View Our Latest Analysis on Virco Mfg.

Virco Mfg. Company Profile

(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.

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Earnings History for Virco Mfg. (NASDAQ:VIRC)

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