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

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

Virco Mfg. (NASDAQ:VIRC) 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.

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.