Wedbush Issues Negative Outlook for Virco Mfg. Earnings

Virco Mfg. Co. (NASDAQ:VIRC) – Wedbush decreased their Q2 2026 earnings per share estimates for Virco Mfg. in a report released on Monday, April 21st. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.81 for the quarter, down from their prior estimate of $1.01. The consensus estimate for Virco Mfg.’s current full-year earnings is $1.54 per share. Wedbush also issued estimates for Virco Mfg.’s Q3 2026 earnings at $0.47 EPS, Q1 2027 earnings at ($0.11) EPS, Q2 2027 earnings at $0.85 EPS, Q3 2027 earnings at $0.49 EPS, Q4 2027 earnings at ($0.35) EPS and FY2027 earnings at $0.87 EPS.

Virco Mfg. (NASDAQ:VIRC) last posted its earnings results on Monday, April 14th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.20). The firm had revenue of $28.47 million for the quarter, compared to analyst estimates of $43.00 million. Virco Mfg. had a return on equity of 24.63% and a net margin of 8.93%.

Separately, StockNews.com cut Virco Mfg. from a “buy” rating to a “hold” rating in a research note on Tuesday.

Virco Mfg. Stock Performance

Shares of VIRC stock opened at $9.45 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.88 and a quick ratio of 1.70. The company’s fifty day moving average price is $10.08 and its two-hundred day moving average price is $11.90. The firm has a market capitalization of $152.02 million, a P/E ratio of 6.10 and a beta of 0.41. Virco Mfg. has a 12 month low of $8.00 and a 12 month high of $18.50.

Institutional Trading of Virco Mfg.

Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new position in Virco Mfg. during the 4th quarter worth $30,000. Quantbot Technologies LP acquired a new position in Virco Mfg. in the fourth quarter worth about $70,000. Meeder Asset Management Inc. acquired a new stake in Virco Mfg. during the fourth quarter valued at approximately $72,000. Quarry LP lifted its holdings in Virco Mfg. by 810.2% during the 4th quarter. Quarry LP now owns 8,802 shares of the company’s stock worth $90,000 after buying an additional 7,835 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Virco Mfg. in the 4th quarter worth approximately $107,000. 30.97% of the stock is owned by institutional investors and hedge funds.

Virco Mfg. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, March 26th. Virco Mfg.’s payout ratio is currently 7.46%.

Virco Mfg. declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 21st that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Virco Mfg. Company Profile

Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.