Jerash Holdings (US), Inc. Declares Quarterly Dividend of $0.05 (NASDAQ:JRSH)

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Friday, August 7th. Stockholders of record on Monday, August 17th will be given a dividend of 0.05 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, August 17th.

Jerash Holdings (US) has a payout ratio of 42.6% meaning its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Stock Down 0.6%

Shares of NASDAQ JRSH opened at $5.00 on Friday. The firm has a market cap of $63.50 million, a P/E ratio of 17.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 2.70. Jerash Holdings has a 1 year low of $2.85 and a 1 year high of $5.47. The firm’s 50 day moving average price is $4.37 and its 200 day moving average price is $3.60.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings data on Monday, June 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.13. The business had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $36.20 million. Jerash Holdings (US) had a return on equity of 5.57% and a net margin of 2.13%.

Analyst Ratings Changes

JRSH has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 28th. Finally, DA Davidson set a $5.00 price objective on shares of Jerash Holdings (US) in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $5.00.

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.