-inc-logo-1200x675.png?v=20210329140121){kind=logo}
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
Check Out Our Latest Stock Report on Jerash Holdings (US)
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.
Featured Stories
- Five stocks we like better than Jerash Holdings (US)
- AI Data Centers Are Splitting Winners From Pretenders in Infrastructure Stocks
- 3 of the Market’s Most-Upgraded Tech Stocks Right Now
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
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.
