View Future GrowthVirco Mfg 過去の業績過去 基準チェック /26Virco Mfgは、平均年間38%の収益成長を遂げていますが、 Commercial Services業界の収益は、年間 成長しています。収益は、平均年間9.7% 8.1%収益成長率で 成長しています。 Virco Mfgの自己資本利益率は2.4%であり、純利益率は1.3%です。主要情報37.97%収益成長率38.04%EPS成長率Commercial Services 業界の成長8.53%収益成長率8.13%株主資本利益率2.42%ネット・マージン1.29%前回の決算情報31 Jan 2026最近の業績更新Reported Earnings • Apr 14Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$1.03 in FY 2023). Revenue: US$269.1m (up 17% from FY 2023). Net income: US$21.9m (up 32% from FY 2023). Profit margin: 8.1% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Reported Earnings • Dec 09Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.60 in 2Q 2023)Second quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 12Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jun 13First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: US$0.089 loss per share (improved from US$0.32 loss in 1Q 2023). Revenue: US$34.9m (up 8.9% from 1Q 2023). Net loss: US$1.44m (loss narrowed 72% from 1Q 2023). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 30Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$1.03 (up from US$0.95 loss in FY 2022). Revenue: US$231.1m (up 25% from FY 2022). Net income: US$16.5m (up US$31.7m from FY 2022). Profit margin: 7.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 42%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Dec 12Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.49 (up from US$0.083 in 3Q 2022). Revenue: US$77.4m (up 35% from 3Q 2022). Net income: US$7.88m (up 494% from 3Q 2022). Profit margin: 10% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesBoard Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Independent Director Brad Richardson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 05Virco Mfg. Corporation, Annual General Meeting, Jun 16, 2026Virco Mfg. Corporation, Annual General Meeting, Jun 16, 2026. Location: at our corporate headquarters, 2027 harpers way, torrance, ca 90501., torrance. United States分析記事 • Dec 11Virco Mfg (NASDAQ:VIRC) Is Paying Out A Dividend Of $0.025The board of Virco Mfg. Corporation ( NASDAQ:VIRC ) has announced that it will pay a dividend of $0.025 per share on...お知らせ • Dec 09Virco Mfg. Corporation Declares Cash Dividend for Fourth Fiscal Quarter, Payable on January 9, 2026On December 4, 2025, the Virco Mfg. Corporation Board of Directors declared a cash dividend for the Company’s fourth fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on January 9, 2026 to stockholders of record of the common stock as of the close of business on December 19, 2025.分析記事 • Sep 09Virco Mfg (NASDAQ:VIRC) Will Pay A Dividend Of $0.025Virco Mfg. Corporation ( NASDAQ:VIRC ) has announced that it will pay a dividend of $0.025 per share on the 10th of...お知らせ • Sep 05Virco Mfg. Corporation Declares A Cash Dividend for the Second Fiscal Quarter Ended July 31, 2025, Payable on October 10, 2025Virco Mfg. Corporation declared a cash dividend for the Company’s second fiscal quarter of $0.025 on each outstanding share of common stock Second Fiscal Quarter ended July 31, 2025. The dividend is payable on October 10, 2025 to stockholders of record of the common stock as of the close of business on September 19, 2025. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods.お知らせ • Jun 30+ 6 more updatesVirco Mfg. Corporation(NasdaqGM:VIRC) dropped from Russell 2500 Growth IndexVirco Mfg. Corporation(NasdaqGM:VIRC) dropped from Russell 2500 Growth IndexSeeking Alpha • Jun 11Virco's Financials Are Starting To Reflect Its Competitive RealitySummary Virco Mfg. Corporation's Q1 2026 results confirm my earlier warnings: Revenues and backlogs continue to decline 20–30% YoY, indicating a weaker peak season ahead. FY 2026 is likely to be a breakeven year, with profits reverting to pre-supply chain crisis norms rather than the recent outlier years of strong earnings. Potential tariff and supply chain disruptions could help Virco, but these factors are not yet material tailwinds and may not significantly boost competitiveness. At current prices, VIRC stock's valuation already reflects optimistic scenarios; with downside risks present, I maintain a Hold rating as the stock is not attractive now. Read the full article on Seeking Alpha分析記事 • Jun 11Virco Mfg. Corporation Just Reported A Surprise Profit, And Analysts Lifted Their EstimatesInvestors in Virco Mfg. Corporation ( NASDAQ:VIRC ) had a good week, as its shares rose 5.4% to close at US$8.64...お知らせ • Jun 06Virco Mfg. Corporation Declares Cash Dividend for Second Fiscal Quarter, Payable on July 11, 2025On June 3, 2025, the Virco Mfg. Corporation's Board of Directors declared a cash dividend for the Company’s second fiscal quarter of $0.025on each outstanding share of common stock. The dividend is payable on July 11, 2025 to stockholders of record of the common stock as of the close of business on June 20, 2025.お知らせ • May 07Virco Mfg. Corporation, Annual General Meeting, Jun 17, 2025Virco Mfg. Corporation, Annual General Meeting, Jun 17, 2025. Location: ourcorporate headquarters, located at 2027harpers way, ca 90501., torrance United Statesお知らせ • Mar 13+ 2 more updatesVirco Mfg. Corporation Announces Chief Financial Officer Changes, Effective April 30, 2025On March 6, 2025, Robert Dose, the Chief Financial Officer and Treasurer of Virco Mfg. Corporation, notified the Board of Directors of his retirement from the Company effective April 30, 2025. Mr. Dose will remain available to consult with the Company from time to time after his retirement on terms to be determined. Also on March 6, 2025, the Board appointed Bassey Yau, the Company’s current Senior Vice President of Finance, Corporate Controller and Principal Accounting Officer, to succeed Mr. Dose as the Company’s Chief Financial Officer effective upon his retirement. The Board also appointed Ms. Yau as Secretary of the Company effective upon Mr. Dose’s retirement. Ms. Yau, age 66, joined the Company in 1996 and was named Sr. Vice President of Finance in 2024, after serving as the Company’s Vice President, Corporate Controller, Assistant Secretary and Assistant Treasurer since 2004. Ms. Yau has a bachelor’s degree in accounting from Brooklyn College and a Master of Business Administration degree from Pepperdine University.分析記事 • Feb 11Virco Mfg. Corporation (NASDAQ:VIRC) Shares Fly 27% But Investors Aren't Buying For GrowthThose holding Virco Mfg. Corporation ( NASDAQ:VIRC ) shares would be relieved that the share price has rebounded 27% in...Seeking Alpha • Jan 29Virco Mfg. Corporation: A Reshoring Play At A P/E Of 7Summary 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. Read the full article on Seeking Alpha分析記事 • Jan 22Virco Mfg (NASDAQ:VIRC) Is Doing The Right Things To Multiply Its Share PriceWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...お知らせ • Jan 22Virco Mfg. Corporation (NasdaqGM:VIRC) announces an Equity Buyback for $10 million worth of its shares.Virco Mfg. Corporation (NasdaqGM:VIRC) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The company expects to utilize its existing cash and cash equivalents to fund repurchases. The program has no time limit and may be suspended for periods or discontinued at any time.分析記事 • Dec 12Virco Mfg. Corporation Just Missed EPS By 40%: Here's What Analysts Think Will Happen NextIt's shaping up to be a tough period for Virco Mfg. Corporation ( NASDAQ:VIRC ), which a week ago released some...お知らせ • Dec 10Virco Mfg. Corporation Declares A Quarterly Dividend, Payable on January 10, 2025On December 5, 2024, Virco Mfg. Corporation declared a quarterly dividend of $0.025 per share, payable on January 10, 2025 to shareholders of record as of December 20, 2024.Seeking Alpha • Nov 26Virco: Some Favorable Themes, But Not Quite A BuySummary Virco Manufacturing Corporation has delivered nearly 40% returns this year, outperforming micro-caps and industrial stocks significantly. VIRC benefits from its American-based manufacturing set-up, avoiding overseas shipping delays and costs, and leveraging mass customization to reduce seasonality impacts. As a result of its amended credit agreement, dividend outflows will likely step up, and we've already seen a 25% hike in September. Despite unfavorable charting dynamics and institutional stake reduction, VIRC's single-digit forward P/E and strong earnings growth provide a compelling valuation. Given the mix of positive and negative factors, we maintain a neutral stance on VIRC stock. Read the full article on Seeking Alpha分析記事 • Oct 13Under The Bonnet, Virco Mfg's (NASDAQ:VIRC) Returns Look ImpressiveWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...分析記事 • Sep 25Virco Mfg. Corporation (NASDAQ:VIRC) Not Doing Enough For Some Investors As Its Shares Slump 27%Virco Mfg. Corporation ( NASDAQ:VIRC ) shareholders won't be pleased to see that the share price has had a very rough...Seeking Alpha • Sep 14Virco's Q2 Shows Clear Signs Of Deterioration, But Stock Is Still A HoldSummary 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. Despite a seemingly attractive valuation, I maintain a Hold rating due to potential revenue declines and limited long-term growth prospects. Read the full article on Seeking Alphaお知らせ • Sep 10Virco Mfg. Corporation Declares Cash Dividend for the Third Quarter of 2024, Payable on October 11, 2024On September 3, 2024, the Virco Mfg. Corporation’s Board of Directors declared a cash dividend for the Company’s third fiscal quarter of 2024 of $0.025 on each outstanding share of common stock. The dividend is payable on October 11, 2024 to stockholders of record of the common stock as of the close of business on September 20, 2024. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods.Seeking Alpha • Sep 05Virco: The Wind Of Fortune Is Blowing In Its FavorSummary Virco benefited from the post-Covid-19 supply chain changes, leveraging extreme seasonality and the Price/Cube Threshold for competitive advantage in the US school furniture market. Despite average financial standing, Virco's recent revenue growth and profitability outpace peers. But these were driven by external supply chain factors rather than internal efficiencies. With a 40% margin of safety, Virco's current competitive position makes it a viable investment opportunity, with potential for transformation if operational efficiencies improve. Read the full article on Seeking Alpha分析記事 • Jul 18Is Virco Mfg (NASDAQ:VIRC) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Jun 13Virco's Q1 Was Good But Backlogs Point To Challenges AheadSummary Virco posted significant revenue growth, at 33%, with gross and operating margin expansion. However, a big part of that growth was generated by a less recurring disaster relief project. Without it, revenues would have grown 8%. Looking ahead, the company's backlogs and inventories continue to shrink. These are not good indicators for the 2Q and 3Q busy seasons. On the other hand, shipping prices are rising in China. This might become a tailwind for Virco this season or next year. Virco is valued for an optimistic scenario (business as in the past two years), leaving little upside opportunity and significant downside risk. I continue to believe the stock is a Hold. Read the full article on Seeking Alpha分析記事 • Jun 12This Is The Reason Why We Think Virco Mfg. Corporation's (NASDAQ:VIRC) CEO Might Be UnderpaidKey Insights Virco Mfg will host its Annual General Meeting on 18th of June Total pay for CEO Robert Virtue includes...分析記事 • May 29Cautious Investors Not Rewarding Virco Mfg. Corporation's (NASDAQ:VIRC) Performance CompletelyWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Seeking Alpha • May 09Virco Faces More Headwinds In The 2024 Bid Season, All Eyes On Q1 2025 BacklogsSummary Virco Manufacturing has experienced record-breaking revenue and profit growth in FY24, leading to a 150% increase in stock price since February 2023. The company's backlog has been decreasing for three quarters, indicating potential trouble ahead. Demand side tailwinds, such as funding from the ESSER program, may be challenged as school districts return to pre-pandemic expenses. Read the full article on Seeking Alphaお知らせ • May 09Virco Mfg. Corporation, Annual General Meeting, Jun 18, 2024Virco Mfg. Corporation, Annual General Meeting, Jun 18, 2024, at 10:00 Pacific Standard Time. Location: corporate headquarters located at 2027 Harpers Way, Torrance, CA 90501 California United States Agenda: To discuss Election of three Class II directors to the Company’s Board of Directors; to Ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the 2025 fiscal year; and to transact such other business as may properly come before the Annual Meeting.分析記事 • Apr 16We Ran A Stock Scan For Earnings Growth And Virco Mfg (NASDAQ:VIRC) Passed With EaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Reported Earnings • Apr 14Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$1.03 in FY 2023). Revenue: US$269.1m (up 17% from FY 2023). Net income: US$21.9m (up 32% from FY 2023). Profit margin: 8.1% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$10.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Commercial Services industry in the US. Total returns to shareholders of 240% over the past three years.分析記事 • Feb 29Why The 26% Return On Capital At Virco Mfg (NASDAQ:VIRC) Should Have Your AttentionIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Feb 29Virco Mfg. Corporation Declares Cash Dividend for the First Quarter of Fiscal 2025 on Common Stock, Payable on April 10, 2024Virco Mfg. Corporation declared a cash dividend for the first quarter of fiscal 2025 of $0.02 per share of common stock, payable on April 10, 2024 to shareholders of record as of March 7, 2024.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$9.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Commercial Services industry in the US. Total returns to shareholders of 165% over the past three years.Recent Insider Transactions Derivative • Jan 11Insider notifies of intention to sell stockPatricia Quinones intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of January. If the sale is conducted around the recent share price of US$12.30, it would amount to US$62k. Since June 2023, Patricia's direct individual holding has decreased from 77.80k shares to 67.80k. Company insiders have collectively sold US$67k more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Dec 28Virco Mfg. Corporation's (NASDAQ:VIRC) Shares Climb 90% But Its Business Is Yet to Catch UpVirco Mfg. Corporation ( NASDAQ:VIRC ) shares have had a really impressive month, gaining 90% after a shaky period...Reported Earnings • Dec 09Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.60 in 2Q 2023)Second quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 09Virco Mfg. Corporation (NasdaqGM:VIRC) announces an Equity Buyback for $5 million worth of its shares.Virco Mfg. Corporation (NasdaqGM:VIRC) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The company expects to utilize its existing cash and cash equivalents to fund repurchases. The program has no time limit and may be suspended for periods or discontinued at any time.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$8.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 268% over the past three years.お知らせ • Dec 08Virco Mfg. Corporation Re-Instates Quarterly Dividend, Payable on January 10, 2024The Board of Directors of Virco Mfg. Corporation has re-instated a quarterly dividend of $0.02 per share, payable to shareholders of record as of December 22, 2023, payable January 10, 2024.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$7.09, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 225% over the past three years.New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$98.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$75k sold). Market cap is less than US$100m (US$98.7m market cap).Valuation Update With 7 Day Price Move • Oct 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$6.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 212% over the past three years.分析記事 • Oct 23Shareholders Would Enjoy A Repeat Of Virco Mfg's (NASDAQ:VIRC) Recent Growth In ReturnsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$7.86, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 255% over the past three years.New Risk • Oct 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$54k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Significant insider selling over the past 3 months (US$54k sold).New Risk • Oct 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change).分析記事 • Oct 01Here's Why Virco Mfg (NASDAQ:VIRC) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Recent Insider Transactions Derivative • Sep 24Insider notifies of intention to sell stockPatricia Quinones intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$5.95, it would amount to US$60k. Since June 2023, Patricia has owned 77.80k shares directly. Company insiders have collectively bought US$12k more than they sold, via options and on-market transactions, in the last 12 months.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$6.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 18x in the Commercial Services industry in the US. Total returns to shareholders of 195% over the past three years.New Risk • Sep 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Market cap is less than US$100m (US$91.9m market cap).Reported Earnings • Sep 12Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 19Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.72 to US$0.81. Revenue forecast steady at US$252.2m. Net income forecast to shrink 30% next year vs 13% growth forecast for Commercial Services industry in the US . Consensus price target of US$10.00 unchanged from last update. Share price fell 3.7% to US$3.88 over the past week.New Risk • Jun 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (US$65.3m market cap).Reported Earnings • Jun 13First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: US$0.089 loss per share (improved from US$0.32 loss in 1Q 2023). Revenue: US$34.9m (up 8.9% from 1Q 2023). Net loss: US$1.44m (loss narrowed 72% from 1Q 2023). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 10Virco Mfg. Corporation, Annual General Meeting, Jun 20, 2023Virco Mfg. Corporation, Annual General Meeting, Jun 20, 2023, at 10:00 Pacific Standard Time. Location: 2027 Harpers Way, Torrance California United States Agenda: To consider election of two Class I directors to the Company’s Board of Directors; to consider election of one Class III director to the Company’s Board of Directors; to consider advisory vote to approve the compensation of the Company’s Named Executive Officers as disclosed in the attached Proxy Statement pursuant to the SEC’s compensation disclosure rules (“Say-on-Pay”); to consider advisory vote on the frequency of future advisory votes on Named Executive Officer compensation (“Say-on-Frequency”); to consider ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year; and to consider Transact such other business as may properly come before the Annual Meeting.Reported Earnings • Apr 30Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$1.03 (up from US$0.95 loss in FY 2022). Revenue: US$231.1m (up 25% from FY 2022). Net income: US$16.5m (up US$31.7m from FY 2022). Profit margin: 7.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 42%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.分析記事 • Apr 28Is Virco Mfg (NASDAQ:VIRC) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Mar 11Virco Mfg (NASDAQ:VIRC) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...お知らせ • Dec 13Virco Mfg. Corporation Announces Demise of Donald R. Rudkin, Board Member; Appoints Robert Lind as New Chair of the Audit CommitteeThe Board of Directors of Virco Mfg. Corporation is deeply saddened to report the loss of Donald R. Rudkin, who passed away on December 3, 2022 after a brief illness. Don was a valued member of the Board, and the company will greatly miss his leadership and trusted counsel. Mr. Rudkin served as the Chair of the Audit Committee of the Board and as an audit committee financial expert. Robert Lind, a current director and member of the Audit Committee, has been appointed as the new Chair of the Audit Committee. In connection with the passing of Mr. Rudkin, on December 6, 2022 the Board approved a reduction in the authorized number of directors on the Board from eight to seven persons pursuant to an amendment to Section 2.01 of the company's Third Amended and Restated Bylaws, and elimination of Mr. Rudkin's Class III Board seat.Reported Earnings • Dec 12Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.49 (up from US$0.083 in 3Q 2022). Revenue: US$77.4m (up 35% from 3Q 2022). Net income: US$7.88m (up 494% from 3Q 2022). Profit margin: 10% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Price Target Changed • Nov 17Price target increased to US$9.00Up from US$8.00, the current price target is provided by 1 analyst. New target price is 120% above last closing price of US$4.10. Stock is up 20% over the past year. The company is forecast to post earnings per share of US$0.71 next year compared to a net loss per share of US$0.95 last year.Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Agnieszka Winkler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 14Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.60 (up from US$0.24 in 2Q 2022). Revenue: US$82.8m (up 40% from 2Q 2022). Net income: US$9.68m (up 157% from 2Q 2022). Profit margin: 12% (up from 6.4% in 2Q 2022). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 40%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.分析記事 • Sep 14Does Virco Mfg (NASDAQ:VIRC) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Sep 13Virco Manufacturing GAAP EPS of $0.60, revenue of $82.8MVirco Manufacturing press release (NASDAQ:VIRC): Q2 GAAP EPS of $0.60. Revenue of $82.8M (+40.3% Y/Y). Shares +13%.Reported Earnings • Jun 11First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.32 loss per share (down from US$0.25 loss in 1Q 2022). Revenue: US$32.1m (up 13% from 1Q 2022). Net loss: US$5.08m (loss widened 30% from 1Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.お知らせ • May 20Virco Mfg. Corporation, Annual General Meeting, Jun 28, 2022Virco Mfg. Corporation, Annual General Meeting, Jun 28, 2022, at 10:00 Pacific Daylight. Agenda: To elect the nominees for directors named in the Proxy Statement; to approve an amendment to authorize additional shares of common stock for issuance under the company’s 2019 omnibus equity incentive; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the 2023 fiscal year; and to consider other matters.分析記事 • May 05Does Virco Mfg (NASDAQ:VIRC) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Apr 27Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.95 loss per share (down from US$0.14 loss in FY 2021). Revenue: US$184.8m (up 21% from FY 2021). Net loss: US$15.1m (loss widened US$12.9m from FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 494%. Over the next year, revenue is forecast to grow 31%, compared to a 26% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director Agnieszka Winkler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 22Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.95 loss per share (down from US$0.14 loss in FY 2021). Revenue: US$184.8m (up 21% from FY 2021). Net loss: US$15.1m (loss widened US$12.9m from FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 494%. Over the next year, revenue is forecast to grow 31%, compared to a 27% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Reported Earnings • Dec 15Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: US$0.083 (down from US$0.28 in 3Q 2021). Revenue: US$57.3m (up 1.0% from 3Q 2021). Net income: US$1.33m (down 70% from 3Q 2021). Profit margin: 2.3% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 76%. Earnings per share (EPS) missed analyst estimates by 76%. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 16Second quarter 2022 earnings released: EPS US$0.24 (vs US$0.23 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: US$59.0m (flat on 2Q 2021). Net income: US$3.76m (up 5.8% from 2Q 2021). Profit margin: 6.4% (up from 6.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.分析記事 • Sep 01Virco Mfg's (NASDAQ:VIRC) Returns On Capital Not Reflecting Well On The BusinessThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...分析記事 • Jun 16We Think The Compensation For Virco Mfg. Corporation's (NASDAQ:VIRC) CEO Looks About RightPerformance at Virco Mfg. Corporation ( NASDAQ:VIRC ) has been rather uninspiring recently and shareholders may be...Reported Earnings • Jun 12First quarter 2022 earnings released: US$0.25 loss per share (vs US$0.30 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: US$28.4m (up 61% from 1Q 2021). Net loss: US$3.91m (loss narrowed 17% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.分析記事 • Jun 07Estimating The Intrinsic Value Of Virco Mfg. Corporation (NASDAQ:VIRC)How far off is Virco Mfg. Corporation ( NASDAQ:VIRC ) from its intrinsic value? Using the most recent financial data...分析記事 • May 10At US$3.25, Is It Time To Put Virco Mfg. Corporation (NASDAQ:VIRC) On Your Watch List?Virco Mfg. Corporation ( NASDAQ:VIRC ), might not be a large cap stock, but it saw a decent share price growth in the...Price Target Changed • May 05Price target increased to US$6.00Up from US$4.00, the current price target is provided by 1 analyst. New target price is 89% above last closing price of US$3.18. Stock is up 51% over the past year.分析記事 • Feb 25Virco Mfg (NASDAQ:VIRC) Share Prices Have Dropped 25% In The Last Three YearsIt is a pleasure to report that the Virco Mfg. Corporation ( NASDAQ:VIRC ) is up 44% in the last quarter. But that...Is New 90 Day High Low • Feb 05New 90-day high: US$3.32The company is up 67% from its price of US$1.99 on 05 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is flat over the same period.分析記事 • Jan 21Who Has Been Selling Virco Mfg. Corporation (NASDAQ:VIRC) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...分析記事 • Dec 17How Much Is Virco Mfg. Corporation (NASDAQ:VIRC) Paying Its CEO?Robert Virtue became the CEO of Virco Mfg. Corporation ( NASDAQ:VIRC ) in 1988, and we think it's a good time to look...Reported Earnings • Dec 16Third quarter 2021 earnings released: EPS US$0.28The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$56.7m (down 15% from 3Q 2020). Net income: US$4.48m (up 15% from 3Q 2020). Profit margin: 7.9% (up from 5.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Dec 16Revenue behind estimatesRevenue missed analyst estimates by 7.9%. Earnings per share (EPS) were mostly in line with analyst estimates.Is New 90 Day High Low • Dec 16New 90-day high: US$2.65The company is up 32% from its price of US$2.01 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period.Is New 90 Day High Low • Nov 25New 90-day high: US$2.31The company is up 5.0% from its price of US$2.20 on 26 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period.収支内訳Virco Mfg の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGM:VIRC 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Jan 26200376031 Oct 25202476031 Jul 252371482030 Apr 252532085031 Jan 252662286031 Oct 242802589031 Jul 242822787030 Apr 242812586031 Jan 242692284031 Oct 232652884031 Jul 232582682030 Apr 232342076031 Jan 232311776031 Oct 22232-473031 Jul 22212-1070030 Apr 22189-1666031 Jan 22185-1563031 Oct 21163-459031 Jul 21163-157030 Apr 21163-156031 Jan 21153-256031 Oct 20163-160031 Jul 20173-263030 Apr 20184166031 Jan 20193266031 Oct 19191066031 Jul 19201-167030 Apr 19205-167031 Jan 19201-266031 Oct 18199-465031 Jul 18191-463030 Apr 18189-562031 Jan 18189-362031 Oct 17188061031 Jul 171872259030 Apr 171762457031 Jan 171732357031 Oct 161692255031 Jul 16167454030 Apr 16166554031 Jan 16169554031 Oct 15174554031 Jul 151724540質の高い収益: VIRCは 高品質の収益 を持っています。利益率の向上: VIRCの現在の純利益率 (1.3%)は、昨年(8.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: VIRC過去 5 年間で収益を上げており、収益は年間38%増加しています。成長の加速: VIRCは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: VIRCは過去 1 年間で収益成長率がマイナス ( -88.1% ) となったため、 Commercial Services業界平均 ( 7.2% ) と比較することが困難です。株主資本利益率高いROE: VIRCの 自己資本利益率 ( 2.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCommercial-services 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/27 15:45終値2026/05/27 00:00収益2026/01/31年間収益2026/01/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Virco Mfg. Corporation 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Georgy VashchenkoFreedom BrokerJay McCanlessWedbush Securities Inc.
Reported Earnings • Apr 14Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$1.03 in FY 2023). Revenue: US$269.1m (up 17% from FY 2023). Net income: US$21.9m (up 32% from FY 2023). Profit margin: 8.1% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Dec 09Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.60 in 2Q 2023)Second quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 12Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jun 13First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: US$0.089 loss per share (improved from US$0.32 loss in 1Q 2023). Revenue: US$34.9m (up 8.9% from 1Q 2023). Net loss: US$1.44m (loss narrowed 72% from 1Q 2023). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 30Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$1.03 (up from US$0.95 loss in FY 2022). Revenue: US$231.1m (up 25% from FY 2022). Net income: US$16.5m (up US$31.7m from FY 2022). Profit margin: 7.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 42%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Dec 12Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.49 (up from US$0.083 in 3Q 2022). Revenue: US$77.4m (up 35% from 3Q 2022). Net income: US$7.88m (up 494% from 3Q 2022). Profit margin: 10% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Independent Director Brad Richardson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 05Virco Mfg. Corporation, Annual General Meeting, Jun 16, 2026Virco Mfg. Corporation, Annual General Meeting, Jun 16, 2026. Location: at our corporate headquarters, 2027 harpers way, torrance, ca 90501., torrance. United States
分析記事 • Dec 11Virco Mfg (NASDAQ:VIRC) Is Paying Out A Dividend Of $0.025The board of Virco Mfg. Corporation ( NASDAQ:VIRC ) has announced that it will pay a dividend of $0.025 per share on...
お知らせ • Dec 09Virco Mfg. Corporation Declares Cash Dividend for Fourth Fiscal Quarter, Payable on January 9, 2026On December 4, 2025, the Virco Mfg. Corporation Board of Directors declared a cash dividend for the Company’s fourth fiscal quarter of $0.025 on each outstanding share of common stock. The dividend is payable on January 9, 2026 to stockholders of record of the common stock as of the close of business on December 19, 2025.
分析記事 • Sep 09Virco Mfg (NASDAQ:VIRC) Will Pay A Dividend Of $0.025Virco Mfg. Corporation ( NASDAQ:VIRC ) has announced that it will pay a dividend of $0.025 per share on the 10th of...
お知らせ • Sep 05Virco Mfg. Corporation Declares A Cash Dividend for the Second Fiscal Quarter Ended July 31, 2025, Payable on October 10, 2025Virco Mfg. Corporation declared a cash dividend for the Company’s second fiscal quarter of $0.025 on each outstanding share of common stock Second Fiscal Quarter ended July 31, 2025. The dividend is payable on October 10, 2025 to stockholders of record of the common stock as of the close of business on September 19, 2025. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods.
お知らせ • Jun 30+ 6 more updatesVirco Mfg. Corporation(NasdaqGM:VIRC) dropped from Russell 2500 Growth IndexVirco Mfg. Corporation(NasdaqGM:VIRC) dropped from Russell 2500 Growth Index
Seeking Alpha • Jun 11Virco's Financials Are Starting To Reflect Its Competitive RealitySummary Virco Mfg. Corporation's Q1 2026 results confirm my earlier warnings: Revenues and backlogs continue to decline 20–30% YoY, indicating a weaker peak season ahead. FY 2026 is likely to be a breakeven year, with profits reverting to pre-supply chain crisis norms rather than the recent outlier years of strong earnings. Potential tariff and supply chain disruptions could help Virco, but these factors are not yet material tailwinds and may not significantly boost competitiveness. At current prices, VIRC stock's valuation already reflects optimistic scenarios; with downside risks present, I maintain a Hold rating as the stock is not attractive now. Read the full article on Seeking Alpha
分析記事 • Jun 11Virco Mfg. Corporation Just Reported A Surprise Profit, And Analysts Lifted Their EstimatesInvestors in Virco Mfg. Corporation ( NASDAQ:VIRC ) had a good week, as its shares rose 5.4% to close at US$8.64...
お知らせ • Jun 06Virco Mfg. Corporation Declares Cash Dividend for Second Fiscal Quarter, Payable on July 11, 2025On June 3, 2025, the Virco Mfg. Corporation's Board of Directors declared a cash dividend for the Company’s second fiscal quarter of $0.025on each outstanding share of common stock. The dividend is payable on July 11, 2025 to stockholders of record of the common stock as of the close of business on June 20, 2025.
お知らせ • May 07Virco Mfg. Corporation, Annual General Meeting, Jun 17, 2025Virco Mfg. Corporation, Annual General Meeting, Jun 17, 2025. Location: ourcorporate headquarters, located at 2027harpers way, ca 90501., torrance United States
お知らせ • Mar 13+ 2 more updatesVirco Mfg. Corporation Announces Chief Financial Officer Changes, Effective April 30, 2025On March 6, 2025, Robert Dose, the Chief Financial Officer and Treasurer of Virco Mfg. Corporation, notified the Board of Directors of his retirement from the Company effective April 30, 2025. Mr. Dose will remain available to consult with the Company from time to time after his retirement on terms to be determined. Also on March 6, 2025, the Board appointed Bassey Yau, the Company’s current Senior Vice President of Finance, Corporate Controller and Principal Accounting Officer, to succeed Mr. Dose as the Company’s Chief Financial Officer effective upon his retirement. The Board also appointed Ms. Yau as Secretary of the Company effective upon Mr. Dose’s retirement. Ms. Yau, age 66, joined the Company in 1996 and was named Sr. Vice President of Finance in 2024, after serving as the Company’s Vice President, Corporate Controller, Assistant Secretary and Assistant Treasurer since 2004. Ms. Yau has a bachelor’s degree in accounting from Brooklyn College and a Master of Business Administration degree from Pepperdine University.
分析記事 • Feb 11Virco Mfg. Corporation (NASDAQ:VIRC) Shares Fly 27% But Investors Aren't Buying For GrowthThose holding Virco Mfg. Corporation ( NASDAQ:VIRC ) shares would be relieved that the share price has rebounded 27% in...
Seeking Alpha • Jan 29Virco Mfg. Corporation: A Reshoring Play At A P/E Of 7Summary 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. Read the full article on Seeking Alpha
分析記事 • Jan 22Virco Mfg (NASDAQ:VIRC) Is Doing The Right Things To Multiply Its Share PriceWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
お知らせ • Jan 22Virco Mfg. Corporation (NasdaqGM:VIRC) announces an Equity Buyback for $10 million worth of its shares.Virco Mfg. Corporation (NasdaqGM:VIRC) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares. The company expects to utilize its existing cash and cash equivalents to fund repurchases. The program has no time limit and may be suspended for periods or discontinued at any time.
分析記事 • Dec 12Virco Mfg. Corporation Just Missed EPS By 40%: Here's What Analysts Think Will Happen NextIt's shaping up to be a tough period for Virco Mfg. Corporation ( NASDAQ:VIRC ), which a week ago released some...
お知らせ • Dec 10Virco Mfg. Corporation Declares A Quarterly Dividend, Payable on January 10, 2025On December 5, 2024, Virco Mfg. Corporation declared a quarterly dividend of $0.025 per share, payable on January 10, 2025 to shareholders of record as of December 20, 2024.
Seeking Alpha • Nov 26Virco: Some Favorable Themes, But Not Quite A BuySummary Virco Manufacturing Corporation has delivered nearly 40% returns this year, outperforming micro-caps and industrial stocks significantly. VIRC benefits from its American-based manufacturing set-up, avoiding overseas shipping delays and costs, and leveraging mass customization to reduce seasonality impacts. As a result of its amended credit agreement, dividend outflows will likely step up, and we've already seen a 25% hike in September. Despite unfavorable charting dynamics and institutional stake reduction, VIRC's single-digit forward P/E and strong earnings growth provide a compelling valuation. Given the mix of positive and negative factors, we maintain a neutral stance on VIRC stock. Read the full article on Seeking Alpha
分析記事 • Oct 13Under The Bonnet, Virco Mfg's (NASDAQ:VIRC) Returns Look ImpressiveWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
分析記事 • Sep 25Virco Mfg. Corporation (NASDAQ:VIRC) Not Doing Enough For Some Investors As Its Shares Slump 27%Virco Mfg. Corporation ( NASDAQ:VIRC ) shareholders won't be pleased to see that the share price has had a very rough...
Seeking Alpha • Sep 14Virco's Q2 Shows Clear Signs Of Deterioration, But Stock Is Still A HoldSummary 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. Despite a seemingly attractive valuation, I maintain a Hold rating due to potential revenue declines and limited long-term growth prospects. Read the full article on Seeking Alpha
お知らせ • Sep 10Virco Mfg. Corporation Declares Cash Dividend for the Third Quarter of 2024, Payable on October 11, 2024On September 3, 2024, the Virco Mfg. Corporation’s Board of Directors declared a cash dividend for the Company’s third fiscal quarter of 2024 of $0.025 on each outstanding share of common stock. The dividend is payable on October 11, 2024 to stockholders of record of the common stock as of the close of business on September 20, 2024. While the Company currently intends to pay future dividends on a quarterly basis, following review and approval by the Board of Directors, the declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Board as well as restrictive covenants in the Company’s lending agreements. There can be no assurance that the Company will declare and pay dividends in future periods.
Seeking Alpha • Sep 05Virco: The Wind Of Fortune Is Blowing In Its FavorSummary Virco benefited from the post-Covid-19 supply chain changes, leveraging extreme seasonality and the Price/Cube Threshold for competitive advantage in the US school furniture market. Despite average financial standing, Virco's recent revenue growth and profitability outpace peers. But these were driven by external supply chain factors rather than internal efficiencies. With a 40% margin of safety, Virco's current competitive position makes it a viable investment opportunity, with potential for transformation if operational efficiencies improve. Read the full article on Seeking Alpha
分析記事 • Jul 18Is Virco Mfg (NASDAQ:VIRC) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Jun 13Virco's Q1 Was Good But Backlogs Point To Challenges AheadSummary Virco posted significant revenue growth, at 33%, with gross and operating margin expansion. However, a big part of that growth was generated by a less recurring disaster relief project. Without it, revenues would have grown 8%. Looking ahead, the company's backlogs and inventories continue to shrink. These are not good indicators for the 2Q and 3Q busy seasons. On the other hand, shipping prices are rising in China. This might become a tailwind for Virco this season or next year. Virco is valued for an optimistic scenario (business as in the past two years), leaving little upside opportunity and significant downside risk. I continue to believe the stock is a Hold. Read the full article on Seeking Alpha
分析記事 • Jun 12This Is The Reason Why We Think Virco Mfg. Corporation's (NASDAQ:VIRC) CEO Might Be UnderpaidKey Insights Virco Mfg will host its Annual General Meeting on 18th of June Total pay for CEO Robert Virtue includes...
分析記事 • May 29Cautious Investors Not Rewarding Virco Mfg. Corporation's (NASDAQ:VIRC) Performance CompletelyWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...
Seeking Alpha • May 09Virco Faces More Headwinds In The 2024 Bid Season, All Eyes On Q1 2025 BacklogsSummary Virco Manufacturing has experienced record-breaking revenue and profit growth in FY24, leading to a 150% increase in stock price since February 2023. The company's backlog has been decreasing for three quarters, indicating potential trouble ahead. Demand side tailwinds, such as funding from the ESSER program, may be challenged as school districts return to pre-pandemic expenses. Read the full article on Seeking Alpha
お知らせ • May 09Virco Mfg. Corporation, Annual General Meeting, Jun 18, 2024Virco Mfg. Corporation, Annual General Meeting, Jun 18, 2024, at 10:00 Pacific Standard Time. Location: corporate headquarters located at 2027 Harpers Way, Torrance, CA 90501 California United States Agenda: To discuss Election of three Class II directors to the Company’s Board of Directors; to Ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the 2025 fiscal year; and to transact such other business as may properly come before the Annual Meeting.
分析記事 • Apr 16We Ran A Stock Scan For Earnings Growth And Virco Mfg (NASDAQ:VIRC) Passed With EaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Reported Earnings • Apr 14Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$1.03 in FY 2023). Revenue: US$269.1m (up 17% from FY 2023). Net income: US$21.9m (up 32% from FY 2023). Profit margin: 8.1% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$10.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Commercial Services industry in the US. Total returns to shareholders of 240% over the past three years.
分析記事 • Feb 29Why The 26% Return On Capital At Virco Mfg (NASDAQ:VIRC) Should Have Your AttentionIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Feb 29Virco Mfg. Corporation Declares Cash Dividend for the First Quarter of Fiscal 2025 on Common Stock, Payable on April 10, 2024Virco Mfg. Corporation declared a cash dividend for the first quarter of fiscal 2025 of $0.02 per share of common stock, payable on April 10, 2024 to shareholders of record as of March 7, 2024.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$9.47, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Commercial Services industry in the US. Total returns to shareholders of 165% over the past three years.
Recent Insider Transactions Derivative • Jan 11Insider notifies of intention to sell stockPatricia Quinones intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of January. If the sale is conducted around the recent share price of US$12.30, it would amount to US$62k. Since June 2023, Patricia's direct individual holding has decreased from 77.80k shares to 67.80k. Company insiders have collectively sold US$67k more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Dec 28Virco Mfg. Corporation's (NASDAQ:VIRC) Shares Climb 90% But Its Business Is Yet to Catch UpVirco Mfg. Corporation ( NASDAQ:VIRC ) shares have had a really impressive month, gaining 90% after a shaky period...
Reported Earnings • Dec 09Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.60 in 2Q 2023)Second quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 09Virco Mfg. Corporation (NasdaqGM:VIRC) announces an Equity Buyback for $5 million worth of its shares.Virco Mfg. Corporation (NasdaqGM:VIRC) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The company expects to utilize its existing cash and cash equivalents to fund repurchases. The program has no time limit and may be suspended for periods or discontinued at any time.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$8.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 268% over the past three years.
お知らせ • Dec 08Virco Mfg. Corporation Re-Instates Quarterly Dividend, Payable on January 10, 2024The Board of Directors of Virco Mfg. Corporation has re-instated a quarterly dividend of $0.02 per share, payable to shareholders of record as of December 22, 2023, payable January 10, 2024.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$7.09, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 225% over the past three years.
New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$98.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$75k sold). Market cap is less than US$100m (US$98.7m market cap).
Valuation Update With 7 Day Price Move • Oct 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$6.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 212% over the past three years.
分析記事 • Oct 23Shareholders Would Enjoy A Repeat Of Virco Mfg's (NASDAQ:VIRC) Recent Growth In ReturnsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$7.86, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Commercial Services industry in the US. Total returns to shareholders of 255% over the past three years.
New Risk • Oct 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$54k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Significant insider selling over the past 3 months (US$54k sold).
New Risk • Oct 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change).
分析記事 • Oct 01Here's Why Virco Mfg (NASDAQ:VIRC) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Recent Insider Transactions Derivative • Sep 24Insider notifies of intention to sell stockPatricia Quinones intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of September. If the sale is conducted around the recent share price of US$5.95, it would amount to US$60k. Since June 2023, Patricia has owned 77.80k shares directly. Company insiders have collectively bought US$12k more than they sold, via options and on-market transactions, in the last 12 months.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$6.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 18x in the Commercial Services industry in the US. Total returns to shareholders of 195% over the past three years.
New Risk • Sep 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Market cap is less than US$100m (US$91.9m market cap).
Reported Earnings • Sep 12Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: US$0.95 (up from US$0.60 in 2Q 2023). Revenue: US$107.3m (up 30% from 2Q 2023). Net income: US$15.5m (up 61% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 19Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.72 to US$0.81. Revenue forecast steady at US$252.2m. Net income forecast to shrink 30% next year vs 13% growth forecast for Commercial Services industry in the US . Consensus price target of US$10.00 unchanged from last update. Share price fell 3.7% to US$3.88 over the past week.
New Risk • Jun 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 7.5% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (US$65.3m market cap).
Reported Earnings • Jun 13First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: US$0.089 loss per share (improved from US$0.32 loss in 1Q 2023). Revenue: US$34.9m (up 8.9% from 1Q 2023). Net loss: US$1.44m (loss narrowed 72% from 1Q 2023). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 10Virco Mfg. Corporation, Annual General Meeting, Jun 20, 2023Virco Mfg. Corporation, Annual General Meeting, Jun 20, 2023, at 10:00 Pacific Standard Time. Location: 2027 Harpers Way, Torrance California United States Agenda: To consider election of two Class I directors to the Company’s Board of Directors; to consider election of one Class III director to the Company’s Board of Directors; to consider advisory vote to approve the compensation of the Company’s Named Executive Officers as disclosed in the attached Proxy Statement pursuant to the SEC’s compensation disclosure rules (“Say-on-Pay”); to consider advisory vote on the frequency of future advisory votes on Named Executive Officer compensation (“Say-on-Frequency”); to consider ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year; and to consider Transact such other business as may properly come before the Annual Meeting.
Reported Earnings • Apr 30Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$1.03 (up from US$0.95 loss in FY 2022). Revenue: US$231.1m (up 25% from FY 2022). Net income: US$16.5m (up US$31.7m from FY 2022). Profit margin: 7.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 42%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
分析記事 • Apr 28Is Virco Mfg (NASDAQ:VIRC) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Mar 11Virco Mfg (NASDAQ:VIRC) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
お知らせ • Dec 13Virco Mfg. Corporation Announces Demise of Donald R. Rudkin, Board Member; Appoints Robert Lind as New Chair of the Audit CommitteeThe Board of Directors of Virco Mfg. Corporation is deeply saddened to report the loss of Donald R. Rudkin, who passed away on December 3, 2022 after a brief illness. Don was a valued member of the Board, and the company will greatly miss his leadership and trusted counsel. Mr. Rudkin served as the Chair of the Audit Committee of the Board and as an audit committee financial expert. Robert Lind, a current director and member of the Audit Committee, has been appointed as the new Chair of the Audit Committee. In connection with the passing of Mr. Rudkin, on December 6, 2022 the Board approved a reduction in the authorized number of directors on the Board from eight to seven persons pursuant to an amendment to Section 2.01 of the company's Third Amended and Restated Bylaws, and elimination of Mr. Rudkin's Class III Board seat.
Reported Earnings • Dec 12Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: US$0.49 (up from US$0.083 in 3Q 2022). Revenue: US$77.4m (up 35% from 3Q 2022). Net income: US$7.88m (up 494% from 3Q 2022). Profit margin: 10% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Price Target Changed • Nov 17Price target increased to US$9.00Up from US$8.00, the current price target is provided by 1 analyst. New target price is 120% above last closing price of US$4.10. Stock is up 20% over the past year. The company is forecast to post earnings per share of US$0.71 next year compared to a net loss per share of US$0.95 last year.
Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Agnieszka Winkler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 14Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.60 (up from US$0.24 in 2Q 2022). Revenue: US$82.8m (up 40% from 2Q 2022). Net income: US$9.68m (up 157% from 2Q 2022). Profit margin: 12% (up from 6.4% in 2Q 2022). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 40%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
分析記事 • Sep 14Does Virco Mfg (NASDAQ:VIRC) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Sep 13Virco Manufacturing GAAP EPS of $0.60, revenue of $82.8MVirco Manufacturing press release (NASDAQ:VIRC): Q2 GAAP EPS of $0.60. Revenue of $82.8M (+40.3% Y/Y). Shares +13%.
Reported Earnings • Jun 11First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.32 loss per share (down from US$0.25 loss in 1Q 2022). Revenue: US$32.1m (up 13% from 1Q 2022). Net loss: US$5.08m (loss widened 30% from 1Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.
お知らせ • May 20Virco Mfg. Corporation, Annual General Meeting, Jun 28, 2022Virco Mfg. Corporation, Annual General Meeting, Jun 28, 2022, at 10:00 Pacific Daylight. Agenda: To elect the nominees for directors named in the Proxy Statement; to approve an amendment to authorize additional shares of common stock for issuance under the company’s 2019 omnibus equity incentive; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the 2023 fiscal year; and to consider other matters.
分析記事 • May 05Does Virco Mfg (NASDAQ:VIRC) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Apr 27Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.95 loss per share (down from US$0.14 loss in FY 2021). Revenue: US$184.8m (up 21% from FY 2021). Net loss: US$15.1m (loss widened US$12.9m from FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 494%. Over the next year, revenue is forecast to grow 31%, compared to a 26% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director Agnieszka Winkler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 22Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.95 loss per share (down from US$0.14 loss in FY 2021). Revenue: US$184.8m (up 21% from FY 2021). Net loss: US$15.1m (loss widened US$12.9m from FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 494%. Over the next year, revenue is forecast to grow 31%, compared to a 27% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Reported Earnings • Dec 15Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: US$0.083 (down from US$0.28 in 3Q 2021). Revenue: US$57.3m (up 1.0% from 3Q 2021). Net income: US$1.33m (down 70% from 3Q 2021). Profit margin: 2.3% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 76%. Earnings per share (EPS) missed analyst estimates by 76%. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 16Second quarter 2022 earnings released: EPS US$0.24 (vs US$0.23 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: US$59.0m (flat on 2Q 2021). Net income: US$3.76m (up 5.8% from 2Q 2021). Profit margin: 6.4% (up from 6.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
分析記事 • Sep 01Virco Mfg's (NASDAQ:VIRC) Returns On Capital Not Reflecting Well On The BusinessThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
分析記事 • Jun 16We Think The Compensation For Virco Mfg. Corporation's (NASDAQ:VIRC) CEO Looks About RightPerformance at Virco Mfg. Corporation ( NASDAQ:VIRC ) has been rather uninspiring recently and shareholders may be...
Reported Earnings • Jun 12First quarter 2022 earnings released: US$0.25 loss per share (vs US$0.30 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: US$28.4m (up 61% from 1Q 2021). Net loss: US$3.91m (loss narrowed 17% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
分析記事 • Jun 07Estimating The Intrinsic Value Of Virco Mfg. Corporation (NASDAQ:VIRC)How far off is Virco Mfg. Corporation ( NASDAQ:VIRC ) from its intrinsic value? Using the most recent financial data...
分析記事 • May 10At US$3.25, Is It Time To Put Virco Mfg. Corporation (NASDAQ:VIRC) On Your Watch List?Virco Mfg. Corporation ( NASDAQ:VIRC ), might not be a large cap stock, but it saw a decent share price growth in the...
Price Target Changed • May 05Price target increased to US$6.00Up from US$4.00, the current price target is provided by 1 analyst. New target price is 89% above last closing price of US$3.18. Stock is up 51% over the past year.
分析記事 • Feb 25Virco Mfg (NASDAQ:VIRC) Share Prices Have Dropped 25% In The Last Three YearsIt is a pleasure to report that the Virco Mfg. Corporation ( NASDAQ:VIRC ) is up 44% in the last quarter. But that...
Is New 90 Day High Low • Feb 05New 90-day high: US$3.32The company is up 67% from its price of US$1.99 on 05 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is flat over the same period.
分析記事 • Jan 21Who Has Been Selling Virco Mfg. Corporation (NASDAQ:VIRC) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
分析記事 • Dec 17How Much Is Virco Mfg. Corporation (NASDAQ:VIRC) Paying Its CEO?Robert Virtue became the CEO of Virco Mfg. Corporation ( NASDAQ:VIRC ) in 1988, and we think it's a good time to look...
Reported Earnings • Dec 16Third quarter 2021 earnings released: EPS US$0.28The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$56.7m (down 15% from 3Q 2020). Net income: US$4.48m (up 15% from 3Q 2020). Profit margin: 7.9% (up from 5.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Dec 16Revenue behind estimatesRevenue missed analyst estimates by 7.9%. Earnings per share (EPS) were mostly in line with analyst estimates.
Is New 90 Day High Low • Dec 16New 90-day high: US$2.65The company is up 32% from its price of US$2.01 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Nov 25New 90-day high: US$2.31The company is up 5.0% from its price of US$2.20 on 26 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period.