Virco Manufacturing Corp. (NASDAQ:VIRC) – Equities researchers at Wedbush decreased their FY2017 EPS estimates for Virco Manufacturing Corp. in a research report issued to clients and investors on Thursday. Wedbush analyst A. Kaschalk now anticipates that the brokerage will post earnings per share of $0.36 for the year, down from their prior estimate of $0.39. Wedbush also issued estimates for Virco Manufacturing Corp.’s Q4 2017 earnings at ($0.34) EPS, Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at ($0.19) EPS and FY2018 earnings at $0.34 EPS.

Virco Manufacturing Corp. (NASDAQ:VIRC) last released its quarterly earnings data on Wednesday, September 14th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $61.40 million for the quarter. Virco Manufacturing Corp. had a return on equity of 11.82% and a net margin of 2.42%.

Separately, Zacks Investment Research raised Virco Manufacturing Corp. from a “sell” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Wednesday, June 29th.

Virco Manufacturing Corp. (NASDAQ:VIRC) traded up 3.17% during trading on Monday, reaching $4.23. The company’s stock had a trading volume of 35,397 shares. The company has a market capitalization of $64.21 million, a PE ratio of 15.78 and a beta of 0.94. Virco Manufacturing Corp. has a 52 week low of $2.84 and a 52 week high of $4.94. The company has a 50 day moving average price of $4.28 and a 200-day moving average price of $3.87.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Virco Manufacturing Corp. by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 25,413 shares of the company’s stock valued at $110,000 after buying an additional 80 shares during the last quarter. Renaissance Technologies LLC increased its position in Virco Manufacturing Corp. by 0.9% in the first quarter. Renaissance Technologies LLC now owns 175,100 shares of the company’s stock valued at $539,000 after buying an additional 1,500 shares during the last quarter. Vanguard Group Inc. increased its position in Virco Manufacturing Corp. by 4.7% in the second quarter. Vanguard Group Inc. now owns 213,291 shares of the company’s stock valued at $928,000 after buying an additional 9,608 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in Virco Manufacturing Corp. by 1.0% in the second quarter. Wedbush Securities Inc. now owns 1,736,025 shares of the company’s stock valued at $7,552,000 after buying an additional 17,373 shares during the last quarter. 28.21% of the stock is owned by hedge funds and other institutional investors.

About Virco Manufacturing Corp.

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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