Wedbush Weighs in on Virco Mfg.’s Q2 Earnings (NASDAQ:VIRC)

Virco Mfg. Co. (NASDAQ:VIRC) – Equities research analysts at Wedbush lowered their Q2 2026 earnings per share estimates for shares of Virco Mfg. in a report released on Monday, April 21st. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.81 per share for the quarter, down from their previous 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 released its quarterly earnings results on Monday, April 14th. The company reported ($0.35) EPS 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.

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

Virco Mfg. Price Performance

Shares of Virco Mfg. stock opened at $9.60 on Tuesday. The firm has a market cap of $154.44 million, a PE ratio of 6.19 and a beta of 0.41. Virco Mfg. has a twelve month low of $8.52 and a twelve month high of $18.50. The company has a quick ratio of 1.70, a current ratio of 2.88 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $10.04 and a 200 day moving average price of $11.89.

Virco Mfg. Announces Dividend

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

Virco Mfg. announced that its board has initiated a share buyback program on Tuesday, January 21st that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Virco Mfg.

A number of institutional investors and hedge funds have recently modified their holdings of VIRC. IFP Advisors Inc acquired a new stake in Virco Mfg. in the 4th quarter worth about $30,000. Quantbot Technologies LP acquired a new stake in shares of Virco Mfg. in the fourth quarter worth approximately $70,000. Meeder Asset Management Inc. purchased a new stake in shares of Virco Mfg. during the fourth quarter worth approximately $72,000. Quarry LP increased its position in shares of Virco Mfg. by 810.2% during the fourth quarter. Quarry LP now owns 8,802 shares of the company’s stock worth $90,000 after purchasing an additional 7,835 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Virco Mfg. in the 4th quarter valued at $107,000. Hedge funds and other institutional investors own 30.97% of the company’s stock.

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.