Analysts Expect Virco Mfg. Co. (VIRC) to Post ($0.24) EPS
Shares of Virco Mfg. Co. (NASDAQ:VIRC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $4.75 for the company and are predicting that the company will post ($0.24) EPS for the current quarter, according to Zacks. Zacks has also given Virco Mfg. an industry rank of 173 out of 256 based on the ratings given to its competitors.
Separately, Wedbush increased their price target on shares of Virco Mfg. from $4.00 to $4.75 and gave the company an “outperform” rating in a research report on Friday, February 8th.
VIRC remained flat at $$4.08 on Tuesday. 296 shares of the company were exchanged, compared to its average volume of 6,546. The stock has a market capitalization of $63.41 million, a P/E ratio of -40.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.96 and a quick ratio of 0.49. Virco Mfg. has a 1-year low of $3.70 and a 1-year high of $5.35.
Virco Mfg. (NASDAQ:VIRC) last announced its earnings results on Wednesday, May 1st. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.13). Virco Mfg. had a negative net margin of 0.80% and a negative return on equity of 2.75%. The company had revenue of $26.54 million during the quarter. As a group, research analysts anticipate that Virco Mfg. will post 0.05 EPS for the current year.
About Virco Mfg.
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.
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