Virco Mfg. (NASDAQ:VIRC) Issues Quarterly Earnings Results, Beats Expectations By $0.26 EPS

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

Virco Mfg. Price Performance

VIRC stock opened at $13.19 on Monday. The stock has a market cap of $215.66 million, a PE ratio of 8.46 and a beta of 0.67. The stock has a 50-day moving average price of $11.54 and a two-hundred day moving average price of $10.75. 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 1 year low of $3.70 and a 1 year high of $13.37.

Virco Mfg. Dividend Announcement

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

Analyst Ratings Changes

VIRC has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and set a $19.00 target price (up previously from $16.00) on shares of Virco Mfg. in a report on Friday. TheStreet upgraded Virco Mfg. from a “c” rating to a “b” rating in a report on Wednesday, February 14th.

Check Out Our Latest Analysis on Virco Mfg.

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.

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Earnings History for Virco Mfg. (NASDAQ:VIRC)

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