Jerash Holdings (US) (JRSH) Set to Announce Earnings on Thursday

Jerash Holdings (US) (NASDAQ:JRSHGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 11th. Jerash Holdings (US) has set its Q1 2023 guidance at EPS.

Jerash Holdings (US) (NASDAQ:JRSHGet Rating) last released its earnings results on Thursday, June 23rd. The company reported ($0.01) EPS for the quarter. Jerash Holdings (US) had a net margin of 5.52% and a return on equity of 12.19%. The business had revenue of $30.94 million for the quarter. During the same period in the previous year, the company posted $0.06 earnings per share.

Jerash Holdings (US) Price Performance

JRSH stock opened at $5.71 on Thursday. Jerash Holdings has a 12 month low of $4.56 and a 12 month high of $9.20. The firm has a market cap of $71.57 million, a PE ratio of 8.40 and a beta of 0.93. The firm has a 50 day simple moving average of $5.61 and a 200 day simple moving average of $6.12.

Jerash Holdings (US) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Friday, May 27th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, May 26th. Jerash Holdings (US)’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of Jerash Holdings (US) from a “b” rating to a “c+” rating in a report on Thursday, June 23rd. Lake Street Capital cut their price target on shares of Jerash Holdings (US) from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 24th.

Hedge Funds Weigh In On Jerash Holdings (US)

An institutional investor recently raised its position in Jerash Holdings (US) stock. Vanguard Group Inc. lifted its holdings in shares of Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Rating) by 42.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 66,626 shares of the company’s stock after acquiring an additional 19,853 shares during the period. Vanguard Group Inc. owned approximately 0.54% of Jerash Holdings (US) worth $428,000 as of its most recent filing with the SEC. 20.42% of the stock is currently owned by institutional investors and hedge funds.

Jerash Holdings (US) Company Profile

(Get Rating)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and readymade sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Jordan, and internationally.

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Earnings History for Jerash Holdings (US) (NASDAQ:JRSH)

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