Jerash Holdings (US) (NASDAQ:JRSH) Issues Earnings Results

Jerash Holdings (US) (NASDAQ:JRSH) announced its quarterly earnings results on Monday. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.13, Zacks reports. Jerash Holdings (US) had a return on equity of 2.86% and a net margin of 1.18%.The firm had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $36.20 million.

Here are the key takeaways from Jerash Holdings (US)’s conference call:

• Jerash reported record full-year revenue and a strong fiscal Q4, with fourth-quarter revenue up 46.6% year over year to $42.9 million and net income rising to $1.7 million from a prior-year loss.
• The company said demand remains strong from its longtime key customer and newer accounts such as Hansol Group, with follow-on orders already received and facilities now fully booked through December 2026.
• Management highlighted a phased, capital-efficient expansion plan that should lift production capacity by about 15% by end-2026, with an additional 20% to 25% expected by mid-2027.
• Operating performance improved meaningfully as operating expenses fell to 11.7% of revenue from 16.4% a year ago, helping operating income more than quintuple despite a slightly lower gross margin.
• For fiscal Q1 2027, Jerash guided for revenue growth of 20% to 22% year over year and a gross margin target of 15% to 17%, while the board also approved a quarterly dividend of $0.05 per share.

Jerash Holdings (US) Price Performance

Shares of JRSH opened at $3.75 on Tuesday. The firm’s 50 day simple moving average is $3.33 and its 200 day simple moving average is $3.18. The company has a market capitalization of $47.63 million, a P/E ratio of 25.00 and a beta of 1.11. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $5.47.

Jerash Holdings (US) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Thursday, May 14th. Jerash Holdings (US)’s dividend payout ratio is 133.33%.

Hedge Funds Weigh In On Jerash Holdings (US)

A number of institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP lifted its holdings in shares of Jerash Holdings (US) by 70.6% during the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock worth $893,000 after acquiring an additional 111,359 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Jerash Holdings (US) by 166.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 48,083 shares of the company’s stock valued at $147,000 after acquiring an additional 30,055 shares during the last quarter. Renaissance Technologies LLC raised its position in Jerash Holdings (US) by 18.3% during the fourth quarter. Renaissance Technologies LLC now owns 180,424 shares of the company’s stock valued at $550,000 after purchasing an additional 27,954 shares in the last quarter. Jane Street Group LLC bought a new stake in Jerash Holdings (US) during the fourth quarter worth about $48,000. Finally, Citadel Advisors LLC lifted its stake in Jerash Holdings (US) by 35.7% during the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after purchasing an additional 10,912 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

JRSH has been the subject of several recent analyst reports. Wall Street Zen raised shares of Jerash Holdings (US) to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jerash Holdings (US) in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.00.

Jerash Holdings (US) Company Profile

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.