Jerash Holdings (US) (NASDAQ:JRSH) released its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05, Fidelity Earnings reports. Jerash Holdings (US) had a return on equity of 11.56% and a net margin of 7.59%. Jerash Holdings (US) updated its FY 2020
Pre-Market guidance to EPS.
NASDAQ:JRSH traded up $0.01 during trading hours on Friday, reaching $6.94. The company’s stock had a trading volume of 301 shares, compared to its average volume of 4,546. The firm has a market capitalization of $67.50 million, a price-to-earnings ratio of 12.05 and a beta of 1.00. The firm has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $6.75. Jerash Holdings has a 1 year low of $5.77 and a 1 year high of $8.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.77 and a current ratio of 8.87.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, February 18th. Jerash Holdings (US)’s dividend payout ratio is currently 44.44%.
Several brokerages have recently commented on JRSH. DA Davidson increased their price objective on Jerash Holdings (US) from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research raised Jerash Holdings (US) from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, ValuEngine lowered Jerash Holdings (US) from a “hold” rating to a “sell” rating in a research note on Thursday.
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.
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