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

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

Jerash Holdings (US) Stock Performance

NASDAQ JRSH opened at $5.00 on Monday. The company has a quick ratio of 1.31, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $4.37 and its two-hundred day simple moving average is $3.60. Jerash Holdings has a twelve month low of $2.85 and a twelve month high of $5.47. The company has a market capitalization of $63.50 million, a price-to-earnings 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. Shareholders of record on Monday, August 17th will be given a dividend of $0.05 per share. The ex-dividend date 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 (DPR) is presently 71.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JRSH. Wall Street Zen raised Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 28th. Weiss Ratings upgraded Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Finally, DA Davidson set a $5.00 price objective on shares of Jerash Holdings (US) in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $5.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JRSH. Jane Street Group LLC bought a new position in shares of Jerash Holdings (US) during the 2nd quarter valued at $50,000. Dimensional Fund Advisors LP lifted its stake in Jerash Holdings (US) by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock worth $302,000 after purchasing an additional 3,136 shares during the last quarter. Citadel Advisors LLC boosted its position in Jerash Holdings (US) by 35.7% during the third 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 during the period. Susquehanna International Group LLP grew its stake in shares of Jerash Holdings (US) by 70.6% during the third quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock valued at $893,000 after buying an additional 111,359 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 period. 3.39% of the stock is owned by hedge funds and other 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.