Jerash Holdings (US) (NASDAQ:JRSH) Releases Earnings Results, Beats Expectations By $0.03 EPS

Jerash Holdings (US) (NASDAQ:JRSH) announced its earnings results on Tuesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03, FiscalAI reports. The business had revenue of $50.23 million during the quarter, compared to the consensus estimate of $47.90 million. Jerash Holdings (US) had a return on equity of 7.68% and a net margin of 2.77%.

Jerash Holdings (US) Stock Down 2.1%

Shares of NASDAQ JRSH traded down $0.12 during mid-day trading on Thursday, reaching $5.31. The company had a trading volume of 47,982 shares, compared to its average volume of 369,079. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 2.70. Jerash Holdings has a twelve month low of $2.85 and a twelve month high of $5.60. The stock’s 50 day moving average is $4.48 and its 200-day moving average is $3.65. The stock has a market capitalization of $67.49 million, a PE ratio of 13.98 and a beta of 1.03.

Jerash Holdings (US) Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.8%. Jerash Holdings (US)’s dividend payout ratio is 52.63%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JRSH. Jane Street Group LLC purchased a new stake in shares of Jerash Holdings (US) during the 2nd quarter worth about $50,000. Dimensional Fund Advisors LP grew its stake in shares of Jerash Holdings (US) by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock valued at $302,000 after buying an additional 3,136 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Jerash Holdings (US) by 35.7% in the 3rd quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock valued at $138,000 after buying an additional 10,912 shares in the last quarter. Susquehanna International Group LLP increased its holdings in Jerash Holdings (US) by 70.6% in the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock worth $893,000 after buying an additional 111,359 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Jerash Holdings (US) by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 63,541 shares of the company’s stock worth $194,000 after buying an additional 4,528 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JRSH has been the topic of several recent analyst reports. DA Davidson boosted their price objective on Jerash Holdings (US) from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings upgraded shares of Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 28th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Jerash Holdings (US) presently has an average rating of “Buy” and a consensus price target of $6.00.

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.