Virco Manufacturing (VIRC) Set to Announce Quarterly Earnings on Monday

Virco Manufacturing (NASDAQ:VIRC) is scheduled to be posting its quarterly earnings results on Monday, April 23rd. Analysts expect Virco Manufacturing to post earnings of ($0.06) per share for the quarter.

Shares of Virco Manufacturing stock opened at $4.25 on Monday. The company has a current ratio of 2.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. Virco Manufacturing has a twelve month low of $3.70 and a twelve month high of $6.05. The firm has a market capitalization of $65.27, a P/E ratio of 13.28 and a beta of 0.07.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 10th. Investors of record on Friday, March 23rd were paid a $0.015 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.41%. Virco Manufacturing’s dividend payout ratio is 18.75%.

Several analysts recently weighed in on the stock. ValuEngine raised shares of Virco Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Virco Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 20th.

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

A hedge fund recently raised its stake in Virco Manufacturing stock. Northern Trust Corp boosted its position in Virco Manufacturing Co. (NASDAQ:VIRC) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,298 shares of the company’s stock after buying an additional 1,760 shares during the period. Northern Trust Corp owned approximately 0.21% of Virco Manufacturing worth $167,000 at the end of the most recent quarter. 30.22% of the stock is owned by institutional investors.

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About Virco Manufacturing

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.

Earnings History for Virco Manufacturing (NASDAQ:VIRC)

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