Virco Mfg. Co. (VIRC) Declares Quarterly Dividend of $0.02
Virco Mfg. Co. (NASDAQ:VIRC) announced a quarterly dividend on Monday, September 17th, Wall Street Journal reports. Investors of record on Wednesday, September 26th will be given a dividend of 0.015 per share on Wednesday, October 10th. This represents a $0.06 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, September 25th.
NASDAQ VIRC traded down $0.10 during trading hours on Monday, reaching $3.90. 22,564 shares of the company’s stock were exchanged, compared to its average volume of 7,009. The firm has a market cap of $66.81 million, a PE ratio of -18.57 and a beta of 0.18. Virco Mfg. has a one year low of $3.95 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.51 and a quick ratio of 0.30.
Virco Mfg. (NASDAQ:VIRC) last released its quarterly earnings results on Friday, September 14th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.17). The business had revenue of $74.80 million for the quarter, compared to the consensus estimate of $85.70 million. Virco Mfg. had a negative return on equity of 7.55% and a negative net margin of 2.42%. equities analysts expect that Virco Mfg. will post 0.36 earnings per share for the current year.
About Virco Mfg.
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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