Virco Mfg. (VIRC) Issues Earnings Results
Virco Mfg. (NASDAQ:VIRC) posted its earnings results on Friday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.17), MarketWatch Earnings reports. The business had revenue of $74.80 million during the quarter, compared to analyst estimates of $85.70 million. Virco Mfg. had a negative net margin of 2.42% and a negative return on equity of 7.55%.
NASDAQ VIRC traded down $0.10 during trading on Friday, reaching $4.00. The company’s stock had a trading volume of 42,374 shares, compared to its average volume of 7,009. The company has a quick ratio of 0.30, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $66.81 million, a PE ratio of -19.05 and a beta of 0.18. Virco Mfg. has a 1-year low of $3.95 and a 1-year high of $6.05.
Separately, ValuEngine upgraded shares of Virco Mfg. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th.
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.
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