Wedbush Issues Negative Estimate for Virco Mfg. Earnings

Virco Mfg. Co. (NASDAQ:VIRC) – Wedbush cut their Q2 2026 earnings per share (EPS) estimates for Virco Mfg. in a report issued on Monday, April 21st. Wedbush analyst J. Mccanless now expects 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.

Separately, StockNews.com lowered shares of Virco Mfg. from a “buy” rating to a “hold” rating in a research report on Tuesday.

Virco Mfg. Stock Performance

NASDAQ:VIRC opened at $9.60 on Tuesday. The company’s 50-day moving average is $10.04 and its two-hundred day moving average is $11.89. Virco Mfg. has a 1-year low of $8.52 and a 1-year high of $18.50. 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 firm has a market capitalization of $154.44 million, a price-to-earnings ratio of 6.19 and a beta of 0.41.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VIRC. State Street Corp raised its stake in shares of Virco Mfg. by 22.6% in the 3rd quarter. State Street Corp now owns 170,300 shares of the company’s stock valued at $2,356,000 after acquiring an additional 31,415 shares during the period. Barclays PLC lifted its stake in Virco Mfg. by 25.8% during the third quarter. Barclays PLC now owns 14,445 shares of the company’s stock worth $200,000 after purchasing an additional 2,961 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Virco Mfg. by 2.9% during the third quarter. Geode Capital Management LLC now owns 240,844 shares of the company’s stock worth $3,327,000 after buying an additional 6,710 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Virco Mfg. in the third quarter valued at $194,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Virco Mfg. by 510.3% in the third quarter. JPMorgan Chase & Co. now owns 30,221 shares of the company’s stock valued at $417,000 after buying an additional 25,269 shares in the last quarter. Institutional investors and hedge funds own 30.97% of the company’s stock.

Virco Mfg. declared that its board 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 reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Virco Mfg. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Wednesday, March 26th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.10 annualized dividend and a yield of 1.04%. Virco Mfg.’s dividend payout ratio (DPR) is currently 7.46%.

About Virco Mfg.

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.