<div id="readability-page-1"><p>Virco Manufacturing (NASDAQ:VIRC - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.55), Zacks reports. Virco Manufacturing had a net margin of 5.74% and a return on equity of 12.04%.</p><div><p><span></span><span>Get <strong>Virco Manufacturing</strong> alerts:</span></p></div><h2>Virco Manufacturing Stock Down 8.3%</h2><p>Virco Manufacturing stock traded down $0.61 during mid-day trading on Monday, reaching $6.75. The stock had a trading volume of 15,351 shares, compared to its average volume of 79,988. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.96 and a quick ratio of 1.38. The company has a market capitalization of $106.38 million, a price-to-earnings ratio of 7.66 and a beta of 0.22. Virco Manufacturing has a one year low of $6.01 and a one year high of $14.79. The company has a 50-day moving average price of $7.12 and a two-hundred day moving average price of $7.81. </p><h2>Wall Street Analyst Weigh In</h2><p>Separately, Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Virco Manufacturing in a report on Wednesday, October 8th. One analyst  has rated the stock with a Buy rating and two have assigned  a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of &#34;Hold&#34; and an average price target of $17.00.</p><p><b>View Our Latest Research Report on Virco Manufacturing</b></p><h2>Insider Buying and Selling at Virco Manufacturing</h2><p>In related news, CEO Robert A. Virtue bought 5,000 shares of the business's stock in a transaction on Thursday, October 16th. The stock was acquired at an average price of $6.96 per share, with a total value of $34,800.00. Following the transaction, the chief executive officer owned 493,324 shares in the company, valued at approximately $3,433,535.04. This trade represents a 1.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Douglas A. Virtue purchased 13,022 shares of the business's stock in a transaction on Friday, October 17th. The shares were purchased at an average price of $7.34 per share, with a total value of $95,581.48. Following the completion of the purchase, the executive vice president owned 861,839 shares in the company, valued at approximately $6,325,898.26. This trade represents a 1.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own  18.13% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of  Virco Manufacturing by 32.0% during the second quarter. Ameriprise Financial Inc. now owns 82,517 shares of the company's stock worth $658,000 after acquiring an additional 20,004 shares during the last quarter.  AQR Capital Management LLC grew its position in  Virco Manufacturing by 25.7% during the 1st quarter. AQR Capital Management LLC now owns 317,915 shares of the company's stock worth $3,007,000 after purchasing an additional 64,944 shares during the last quarter.  Geode Capital Management LLC increased its stake in  Virco Manufacturing by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 257,034 shares of the company's stock valued at $2,051,000 after purchasing an additional 14,203 shares in the last quarter.  Bridgeway Capital Management LLC raised its holdings in shares of  Virco Manufacturing by 5.4% in the third quarter. Bridgeway Capital Management LLC now owns 91,962 shares of the company's stock worth $713,000 after buying an additional 4,741 shares during the last quarter.  Finally, Goldman Sachs Group Inc. raised its holdings in shares of  Virco Manufacturing by 9.5% in the first quarter. Goldman Sachs Group Inc. now owns 62,829 shares of the company's stock worth $594,000 after buying an additional 5,436 shares during the last quarter. Hedge funds and other institutional investors own  30.97% of the company's stock. </p><h2>About Virco Manufacturing</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Virco Manufacturing</li><li>What Do S&amp;P 500 Stocks Tell Investors About the Market? </li><li>3 Finance Stocks Leaving Coal in Investors Stockings</li><li>How to Most Effectively Use the MarketBeat Earnings Screener</li><li>AI Is Powering Guidewire Software’s Growth—So What Spooked the Market?</li><li>How to Start Investing in Real Estate</li><li>These 3 Little-Known Stocks Are Analyst Favorites</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VklSQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VklSQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Virco Manufacturing Right Now?</h2><p>Before you consider Virco Manufacturing, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virco Manufacturing wasn't on the list.</p><p>While Virco Manufacturing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VIRC

<p>Virco Manufacturing reported a quarterly EPS of ($0.08), missing the consensus estimate by $0.55. The stock fell 8.3% to $6.75. CEO Robert A. Virtue and EVP Douglas A. Virtue increased their stock holdings. Institutional investors modified their stakes, with Ameriprise Financial Inc. increasing its stake by 32%. The company designs and distributes furniture in the U.S. and Canada.</p>

Virco Manufacturing (NASDAQ:VIRC) Releases Earnings Results, Misses Estimates By $0.55 EPS