Jerash Holdings (US) (JRSH) Posts Quarterly Earnings Results

Jerash Holdings (US) (NASDAQ:JRSH) announced its quarterly earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, Morningstar.com reports. Jerash Holdings (US) had a return on equity of 16.59% and a net margin of 9.21%. The firm had revenue of $33.46 million during the quarter. Jerash Holdings (US) updated its FY 2018 guidance to EPS.

NASDAQ JRSH traded down $0.31 during trading hours on Friday, hitting $7.92. The company had a trading volume of 69,213 shares, compared to its average volume of 4,947. Jerash Holdings has a fifty-two week low of $4.77 and a fifty-two week high of $11.00.

The business also recently declared a special dividend, which will be paid on Tuesday, November 27th. Investors of record on Monday, November 19th will be issued a $0.05 dividend. The ex-dividend date is Friday, November 16th.

In related news, Director Gary J. Haseley purchased 50,000 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $245,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 43.00% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Jerash Holdings (US) stock. MYDA Advisors LLC purchased a new stake in Jerash Holdings (US) Inc (NASDAQ:JRSH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $148,000. MYDA Advisors LLC owned approximately 0.18% of Jerash Holdings (US) at the end of the most recent quarter. 1.11% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Jerash Holdings (US) (JRSH) Posts Quarterly Earnings Results” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/11/10/jerash-holdings-us-jrsh-posts-quarterly-earnings-results.html.

About Jerash Holdings (US)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Receive News & Ratings for Jerash Holdings (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jerash Holdings (US) and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply