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

Virco Mfg. Co. (NASDAQ:VIRC) – Analysts at Wedbush dropped their FY2026 earnings per share (EPS) estimates for shares of Virco Mfg. in a research note issued to investors on Monday, April 21st. Wedbush analyst J. Mccanless now forecasts that the company will post earnings per share of $0.79 for the year, down from their previous forecast 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 Virco Mfg. stock opened at $9.22 on Wednesday. The stock has a market capitalization of $148.32 million, a price-to-earnings ratio of 5.95 and a beta of 0.41. The firm’s 50-day moving average price is $9.95 and its two-hundred day moving average price is $11.84. The company has a current ratio of 2.88, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. Virco Mfg. has a 1-year low of $8.52 and a 1-year high of $18.50.

Virco Mfg. (NASDAQ:VIRC) last issued its quarterly earnings data on Monday, April 14th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.20). The company had revenue of $28.47 million for the quarter, compared to the consensus estimate of $43.00 million. Virco Mfg. had a net margin of 8.93% and a return on equity of 24.63%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in Virco Mfg. by 22.6% in the third quarter. State Street Corp now owns 170,300 shares of the company’s stock valued at $2,356,000 after acquiring an additional 31,415 shares during the last quarter. Barclays PLC grew its position in shares of Virco Mfg. by 25.8% during the 3rd quarter. Barclays PLC now owns 14,445 shares of the company’s stock worth $200,000 after buying an additional 2,961 shares during the period. Geode Capital Management LLC raised its stake in shares of Virco Mfg. by 2.9% during the third quarter. Geode Capital Management LLC now owns 240,844 shares of the company’s stock worth $3,327,000 after buying an additional 6,710 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Virco Mfg. in the third quarter valued at approximately $194,000. Finally, JPMorgan Chase & Co. boosted its stake in Virco Mfg. by 510.3% in the third quarter. JPMorgan Chase & Co. now owns 30,221 shares of the company’s stock valued at $417,000 after acquiring an additional 25,269 shares during the last quarter. Institutional investors own 30.97% of the company’s stock.

Virco Mfg. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.10 annualized dividend and a dividend yield of 1.08%. Virco Mfg.’s dividend payout ratio (DPR) is currently 7.46%.

Virco Mfg. announced that its Board of Directors has approved a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.