Zacks: Virco Manufacturing Corporation (VIRC) Given Consensus Recommendation of “Strong Buy” by Brokerages

Virco Manufacturing Corporation (NASDAQ:VIRC) has earned 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 research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $6.00 for the company and are predicting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Virco Manufacturing an industry rank of 192 out of 265 based on the ratings given to related companies.

VIRC has been the topic of a number of research reports. ValuEngine upgraded Virco Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Wedbush restated an “ourperform” rating and issued a $6.00 price target on shares of Virco Manufacturing in a report on Friday, September 15th. Finally, Zacks Investment Research lowered Virco Manufacturing from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th.

A hedge fund recently raised its stake in Virco Manufacturing stock. Northern Trust Corp increased its stake in shares of Virco Manufacturing Corporation (NASDAQ:VIRC) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,298 shares of the company’s stock after acquiring an additional 1,760 shares during the period. Northern Trust Corp owned about 0.21% of Virco Manufacturing worth $167,000 as of its most recent filing with the SEC. 27.90% of the stock is owned by institutional investors.

Virco Manufacturing (NASDAQ:VIRC) opened at $5.70 on Monday. The stock has a market capitalization of $87.53, a PE ratio of 21.92 and a beta of -0.02. Virco Manufacturing has a 52 week low of $3.55 and a 52 week high of $6.05. The company has a quick ratio of 0.70, a current ratio of 1.48 and a debt-to-equity ratio of 0.10.

Virco Manufacturing (NASDAQ:VIRC) last issued its quarterly earnings results on Thursday, September 14th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $72.64 million during the quarter, compared to the consensus estimate of $69.33 million. Virco Manufacturing had a net margin of 11.67% and a return on equity of 6.68%. equities research analysts predict that Virco Manufacturing will post 0.43 EPS for the current year.

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About Virco Manufacturing

Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.

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