Jerash Holdings (US) (NASDAQ:JRSH) Reports Quarterly Earnings, Beats Expectations by $0.03 EPS
Jerash Holdings (US) (NASDAQ:JRSH) announced its quarterly results on Thursday. The company reported EPS of $0.13 for the quarter, beating Thomson Reuters consensus estimate of $0.10 by $0.03, MarketWatch Earnings reports. Jerash Holdings (US) posted a return on equity of 12.24% and a net margin of 5.96%. In the same quarter last year, the company posted EPS of $0.01. Jerash Holdings (US) has updated its Q4 2022 EPS guidance.
JRSH traded down $0.15 during Friday’s trading, hitting $6.65. The company’s stock had a trading volume of 1,350 shares, compared to an average volume of 14,378. The company’s 50-day moving average price is $6.53 and its 200-day moving average price is $7.09. The stock has a market capitalization of $82.02 million, a PE ratio of 10.62 and a beta of 0.75. Jerash Holdings has a 12-month low of $5.75 and a 12-month high of $9.20.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 22. Shareholders of record on Tuesday, February 15 will receive a dividend of $0.05. The ex-dividend date is Monday, February 14. This represents an annualized dividend of $0.20 and a yield of 3.01%. The dividend payout ratio (DPR) of Jerash Holdings (USA) is currently 31.75%.
A hedge fund recently increased its stake in the shares of Jerash Holdings (USA). Dimensional Fund Advisors LP increased its holdings in Jerash Holdings (US), Inc. (NASDAQ:JRSH) by 22.0% in Q4, according to its latest 13F filing with the SEC. The fund held 21,111 shares of the company after acquiring an additional 3,812 shares during the period. Dimensional Fund Advisors LP held 0.17% of Jerash Holdings (US) worth $137,000 at the end of the most recent reporting period. 2.96% of the shares are currently held by hedge funds and other institutional investors.
JRSH has been the subject of several research reports. Lake Street Capital raised its price target on Jerash Holdings (US) from $9.00 to $12.00 in a research report on Friday. Zacks Investment Research upgraded Jerash Holdings (US) from a “sell” to a “hold” rating in a Tuesday, January 18 research report. Finally, Aegis reiterated a “buy” rating on Jerash Holdings (US) shares in a Monday, November 15 research report. One equity research analyst gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $10.44.
Company Profile Jerash Holdings (USA)
Jerash Holdings (US), Inc operates as a holding company. It manufactures custom readymade outerwear from knitted fabrics and exports produced garments for retailers such as Walmart, Costco, Sears, Hanes, Columbia, Land’s End, VF Corp. and Philip-Van Heusen. The company offers pants and outerwear in urban style and different types of natural and synthetic materials.
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