What is Wedbush’s Estimate for Virco Mfg. FY2026 Earnings?

Virco Mfg. Co. (NASDAQ:VIRC) – Analysts at Wedbush decreased their FY2026 earnings estimates for shares of 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 $0.79 for the year, down from their previous estimate of $1.31. The consensus estimate for Virco Mfg.’s current full-year earnings is $1.54 per share. Wedbush also issued estimates for Virco Mfg.’s Q4 2026 earnings at ($0.37) EPS.

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

Virco Mfg. Price Performance

Shares of NASDAQ:VIRC opened at $9.43 on Wednesday. The company has a market capitalization of $151.70 million, a PE ratio of 6.08 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.70 and a current ratio of 2.88. The stock has a fifty day moving average of $10.00 and a 200-day moving average of $11.87. Virco Mfg. has a one year low of $8.52 and a one year high of $18.50.

Virco Mfg. (NASDAQ:VIRC) last released its 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). The business had revenue of $28.47 million for the quarter, compared to analyst estimates of $43.00 million. Virco Mfg. had a net margin of 8.93% and a return on equity of 24.63%.

Virco Mfg. Announces Dividend

The company 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. This represents a $0.10 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, March 26th. Virco Mfg.’s dividend payout ratio (DPR) is currently 7.46%.

Virco Mfg. declared that its board has authorized a stock buyback plan on Tuesday, January 21st that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Virco Mfg.

A number of large investors have recently made changes to their positions in VIRC. Bastion Asset Management Inc. purchased a new position in Virco Mfg. during the 4th quarter worth approximately $1,603,000. Bank of New York Mellon Corp boosted its position in shares of Virco Mfg. by 311.6% in the fourth quarter. Bank of New York Mellon Corp now owns 145,530 shares of the company’s stock worth $1,492,000 after buying an additional 110,173 shares during the period. Quartz Partners LLC purchased a new position in shares of Virco Mfg. during the fourth quarter valued at $883,000. Minerva Advisors LLC raised its position in Virco Mfg. by 5.5% during the fourth quarter. Minerva Advisors LLC now owns 1,162,589 shares of the company’s stock valued at $11,870,000 after buying an additional 60,900 shares during the period. Finally, American Century Companies Inc. lifted its stake in Virco Mfg. by 15.4% in the 4th quarter. American Century Companies Inc. now owns 453,107 shares of the company’s stock worth $4,644,000 after acquiring an additional 60,403 shares in the last quarter. Institutional investors and hedge funds own 30.97% of the company’s stock.

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.