Key Details
Price
$11.19Last Dividend
$0.03Annual ROE
27.52%Beta
1.64Events Calendar
Next earnings date:
Apr 11, 2025Recent quarterly earnings:
Dec 09, 2024Recent annual earnings:
Apr 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 20, 2024Next split:
N/ARecent split:
Sept 04, 2002Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
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Institutional Ownership
Virco, a small-cap company specializing in commercial and educational furniture, has seen steady 6% annual growth over the last decade. Donald Trump's tariffs on China/Mexico and tax benefits for companies that manufacture in the U.S would be a beneficial catalyst for Virco. It's trading at a P/E of 7 times (industry average of 14), just starting to pay dividends and with an active buyback plan.
TORRANCE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced today that its Board of Directors has approved a new share repurchase program for up to $10,000,000 of the Company's Common Stock. The program will commence February 1, 2025 and has no time limit.
VIRC's third-quarter fiscal 2024 results reflect a performance decline due to weather risks and unfavorable shipment timings. Also, high costs and expenses hurt.
Virco Manufacturing Corporation (VIRC) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.62 per share a year ago.
TORRANCE, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ:VIRC) a leading manufacturer and supplier of movable furniture and equipment for educational environments and public spaces, announced results for the Company's Third Quarter and first Nine Months ended October 31, 2024:
Virco's 2Q25 revenues surprised positively, despite a declining backlog, due to improved order processing and continued disaster relief shipments. Management is cautious about future trends, removing the 'shipments plus backlog' figure and warning of post-pandemic recovery uncertainties. Higher shipping costs could benefit Virco by increasing competitors' costs, but the fading ESSER stimulus poses a revenue risk.
Virco Mfg. Corporation (VIRC), Brady Corporation (BRC), Broadcom Inc. (AVGO) and Verizon Communications Inc. (VZ) recently announced dividend hikes.
VIRC's second-quarter fiscal 2024 results benefit from higher factory output and improved operating efficiencies, along with a significant counter-seasonal disaster recovery order.
TORRANCE, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and supplier of movable furniture and equipment for educational environments, announced results for the Company's Second Quarter and first six months ended July 31, 2024.
Virco Mfg. Corporation VIRC has seen its shares rise steadily, rallying 30.9% in the past three months, outperforming the Zacks Furniture industry's 13.3% growth. The broader Consumer Discretionary sector rose 3.9% and the S&P 500 grew 7.1% in the same time frame.
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