Virco Mfg. (NASDAQ:VIRC) Announces Earnings Results

Virco Mfg. (NASDAQ:VIRCGet Free Report) issued its earnings results on Friday. The company reported $0.13 earnings per share (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 firm had revenue of $46.74 million for the quarter, compared to analysts’ expectations of $37.70 million.

Virco Mfg. Price Performance

Shares of NASDAQ:VIRC opened at $13.19 on Monday. Virco Mfg. has a 52 week low of $3.70 and a 52 week high of $13.37. The company has a current ratio of 2.31, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $215.66 million, a P/E ratio of 8.46 and a beta of 0.67. The firm’s 50 day moving average is $11.54 and its two-hundred day moving average is $10.75.

Virco Mfg. Announces Dividend

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

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on VIRC

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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