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

Jerash Holdings (US) (NASDAQ:JRSH) posted its quarterly earnings results on Monday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03, FiscalAI reports. The business had revenue of $50.23 million during the quarter, compared to analyst estimates of $47.90 million. Jerash Holdings (US) had a net margin of 2.13% and a return on equity of 5.57%.

Jerash Holdings (US) Stock Performance

NASDAQ JRSH opened at $5.00 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 1.31. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $5.47. The business has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $3.60. The stock has a market capitalization of $63.50 million, a PE ratio of 17.86 and a beta of 1.03.

Jerash Holdings (US) Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.20 dividend on an annualized basis and a yield of 4.0%. Jerash Holdings (US)’s dividend payout ratio is presently 71.43%.

Wall Street Analyst Weigh In

Several analysts have recently commented on JRSH shares. Wall Street Zen upgraded shares of Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 28th. DA Davidson set a $5.00 target price on shares of Jerash Holdings (US) in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $5.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Jerash Holdings (US) in the fourth quarter valued at $32,000. State Street Corp raised its stake in Jerash Holdings (US) by 27.6% during the fourth quarter. State Street Corp now owns 21,705 shares of the company’s stock valued at $66,000 after purchasing an additional 4,700 shares in the last quarter. Jane Street Group LLC bought a new position in Jerash Holdings (US) during the fourth quarter valued at $48,000. Renaissance Technologies LLC lifted 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Jerash Holdings (US) by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 97,495 shares of the company’s stock worth $297,000 after buying an additional 6,597 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

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.