Zacks: Analysts Set $4.50 Price Target for Virco Mfg. Co. (VIRC)

Shares of Virco Mfg. Co. (NASDAQ:VIRC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $4.50 for the company and are forecasting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Virco Mfg. an industry rank of 252 out of 257 based on the ratings given to related companies.

Separately, Zacks Investment Research cut shares of Virco Mfg. from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 19th.

An institutional investor recently raised its position in Virco Mfg. stock. Mill Road Capital Management LLC boosted its position in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,310 shares of the company’s stock after acquiring an additional 33,481 shares during the period. Virco Mfg. comprises 0.6% of Mill Road Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Mill Road Capital Management LLC owned about 1.56% of Virco Mfg. worth $1,057,000 at the end of the most recent reporting period. 30.85% of the stock is owned by hedge funds and other institutional investors.

NASDAQ VIRC traded down $0.07 on Monday, hitting $4.31. 472 shares of the stock were exchanged, compared to its average volume of 5,040. The company has a quick ratio of 0.65, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. Virco Mfg. has a fifty-two week low of $3.70 and a fifty-two week high of $5.75. The stock has a market capitalization of $66.99 million, a PE ratio of -20.52 and a beta of 0.42.

Virco Mfg. (NASDAQ:VIRC) last posted its quarterly earnings results on Friday, September 14th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). Virco Mfg. had a negative return on equity of 6.91% and a negative net margin of 2.16%. The firm had revenue of $74.80 million for the quarter, compared to analyst estimates of $85.70 million. On average, equities research analysts expect that Virco Mfg. will post 0.24 earnings per share for the current fiscal year.

Virco Mfg. Company Profile

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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