Virco Mfg. (VIRC) Earning Somewhat Positive Press Coverage, Report Shows

Media stories about Virco Mfg. (NASDAQ:VIRC) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virco Mfg. earned a news impact score of 0.02 on Accern’s scale. Accern also assigned headlines about the company an impact score of 48.8284360431357 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several equities research analysts have issued reports on VIRC shares. Zacks Investment Research lowered Virco Mfg. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. ValuEngine lowered Virco Mfg. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Wedbush reissued an “ourperform” rating and issued a $6.00 target price on shares of Virco Mfg. in a research note on Friday, September 15th.

Virco Mfg. (NASDAQ VIRC) traded down $0.17 during midday trading on Thursday, hitting $4.78. The stock had a trading volume of 11,800 shares, compared to its average volume of 10,150. Virco Mfg. has a 12 month low of $3.55 and a 12 month high of $6.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 2.17. The company has a market cap of $76.02, a price-to-earnings ratio of 478.48 and a beta of -0.04.

Virco Mfg. (NASDAQ:VIRC) last released its earnings results on Thursday, December 14th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). Virco Mfg. had a net margin of 0.19% and a return on equity of 0.58%. The company had revenue of $68.79 million during the quarter, compared to the consensus estimate of $75.90 million. sell-side analysts anticipate that Virco Mfg. will post 0.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 28th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, December 27th. Virco Mfg.’s dividend payout ratio (DPR) is presently 600.60%.

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Virco Mfg. Company Profile

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.

Insider Buying and Selling by Quarter for Virco Mfg. (NASDAQ:VIRC)

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