FMP
Sep 21, 2022 7:29 PM - Davit Kirakosyan
Wedbush provided a recap of Virco Mfg. Corporation’s (NASDAQ:VIRC) Q2 results, announced last week. The company reported net sales of $82.8 million, an increase of 40.3% year-over-year. EPS came in at $0.60, beating the Street estimate of $0.43.
The analysts raised their price target to $9 from $8 as profitability in Q2 was better than expected. The company intends to implement a price increase for Q4 which, if successful, supports revenue growth and gross margins through the balance of 2024.
The analysts lowered their 2023 sales to $241 million from $252 million. 2023 gross margin moved to 35.1% from 30.5% which reflects Q2 results, last year's price increases, and a more stable input cost environment versus last year especially as it relates to steel prices which declined during Q2.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...