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

Key Points

• Jerash Holdings beat quarterly expectations: The company reported earnings of $0.13 per share versus the $0.10 consensus estimate, while revenue of $50.23 million exceeded expectations of $47.90 million.
• Shareholders will receive a quarterly dividend of $0.05 per share, equivalent to $0.20 annually and a 4.0% yield. The dividend payout ratio is 71.43%.
• Analyst sentiment remains positive, with two analysts rating the stock a Buy and an average price target of $5.00; several institutional investors also increased their positions.

Jerash Holdings (US) (NASDAQ:JRSH - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03, FiscalAI reports. The firm had revenue of $50.23 million during the quarter, compared to analysts' expectations 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 debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 1.31. The business has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $3.60. Jerash Holdings has a 1 year low of $2.85 and a 1 year high of $5.47. The company has a market capitalization of $63.50 million, a P/E ratio of 17.86 and a beta of 1.03.

Jerash Holdings (US) Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on JRSH shares. Weiss Ratings raised shares of Jerash Holdings (US) from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 1st. 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. Finally, DA Davidson set a $5.00 target price on shares of Jerash Holdings (US) in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $5.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP increased its holdings in Jerash Holdings (US) by 70.6% in 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. Renaissance Technologies LLC boosted 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 worth $550,000 after purchasing an additional 27,954 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Jerash Holdings (US) by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 97,495 shares of the company's stock worth $297,000 after purchasing an additional 6,597 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $194,000 after purchasing an additional 4,528 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 30,055 shares during the period. Hedge funds and other institutional investors own 3.39% of the company's stock.

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.

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