Brokerages Anticipate Virco Mfg. Co. (VIRC) to Post ($0.06) EPS

Virco Mfg. Co. (NASDAQ:VIRC) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $5.50 for the company and are expecting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Virco Mfg. an industry rank of 129 out of 265 based on the ratings given to its competitors.

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Several analysts have weighed in on the company. ValuEngine raised Virco Mfg. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Virco Mfg. from a “sell” rating to a “hold” rating in a report on Thursday, March 8th.

Shares of NASDAQ:VIRC traded up $0.05 on Friday, hitting $4.10. The company’s stock had a trading volume of 8,482 shares, compared to its average volume of 7,518. Virco Mfg. has a 1 year low of $3.55 and a 1 year high of $6.05. The stock has a market cap of $62.96, a P/E ratio of 12.81 and a beta of -0.07. The company has a quick ratio of 0.87, a current ratio of 2.17 and a debt-to-equity ratio of 0.17.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Friday, March 23rd will be issued a $0.015 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.46%. Virco Mfg.’s payout ratio is currently 18.75%.

In other news, Director Alexander L. Cappello acquired 15,710 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average cost of $4.40 per share, with a total value of $69,124.00. Following the acquisition, the director now owns 10,101 shares in the company, valued at approximately $44,444.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas A. Virtue acquired 15,711 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average cost of $4.40 per share, for a total transaction of $69,128.40. Following the completion of the acquisition, the insider now owns 779,564 shares in the company, valued at approximately $3,430,081.60. The disclosure for this purchase can be found here. Company insiders own 12.17% of the company’s stock.

An institutional investor recently raised its position in Virco Mfg. stock. D.A. Davidson & CO. lifted its position in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,717 shares of the company’s stock after buying an additional 35,388 shares during the period. D.A. Davidson & CO. owned about 2.19% of Virco Mfg. worth $1,695,000 as of its most recent SEC filing. Institutional investors and hedge funds own 30.22% 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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