Virco Mfg. (VIRC) Set to Announce Quarterly Earnings on Monday

Virco Mfg. (NASDAQ:VIRCGet Free Report) is scheduled to announce its earnings results on Monday, September 11th.

Virco Mfg. (NASDAQ:VIRCGet Free Report) last announced its quarterly earnings results on Monday, June 12th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.08. The firm had revenue of $34.94 million during the quarter, compared to the consensus estimate of $33.70 million. Virco Mfg. had a net margin of 8.63% and a return on equity of 32.13%. On average, analysts expect Virco Mfg. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Virco Mfg. Trading Up 2.5 %

Virco Mfg. stock opened at $4.64 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 1.58. Virco Mfg. has a fifty-two week low of $3.54 and a fifty-two week high of $5.07. The stock has a market cap of $75.21 million, a P/E ratio of 3.74 and a beta of 0.82. The firm’s fifty day moving average price is $4.35 and its 200-day moving average price is $4.14.

Hedge Funds Weigh In On Virco Mfg.

A number of institutional investors have recently added to or reduced their stakes in VIRC. Jane Street Group LLC bought a new stake in shares of Virco Mfg. during the 2nd quarter valued at about $57,000. Northern Trust Corp lifted its position in Virco Mfg. by 14.8% during the second quarter. Northern Trust Corp now owns 23,108 shares of the company’s stock valued at $96,000 after purchasing an additional 2,974 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Virco Mfg. during the 4th quarter valued at $110,000. Citadel Advisors LLC bought a new stake in shares of Virco Mfg. during the 2nd quarter worth $105,000. Finally, Renaissance Technologies LLC grew its position in Virco Mfg. by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 168,630 shares of the company’s stock worth $762,000 after acquiring an additional 5,902 shares in the last quarter. 18.74% of the stock is currently owned by institutional investors.

About Virco Mfg.

(Get Free Report)

Virco Mfg. Corporation designs, produces, and distributes furniture in the United States. It 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.

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Earnings History for Virco Mfg. (NASDAQ:VIRC)

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