Jerash Holdings (US) (NASDAQ:JRSH) Announces Earnings Results

Jerash Holdings (US) (NASDAQ:JRSH) announced its quarterly earnings results on Tuesday. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08, FiscalAI reports. The business had revenue of $50.29 million for the quarter, compared to analysts’ expectations of $49.95 million. Jerash Holdings (US) had a return on equity of 7.61% and a net margin of 2.77%.

Here are the key takeaways from Jerash Holdings (US)’s conference call:

• Fiscal Q2 revenue rose 19.8% to $50.3 million, while gross margin expanded 320 basis points to 18.2%. Net income increased to $2.2 million from $479,000 a year earlier, supported by higher shipments to U.S. customers and improved operating efficiency.
• Jerash said its production capacity is fully booked with confirmed orders through June 2027, with additional demand and customer inquiries beyond that period. It also cited a 5.35 million-piece order through Hansoll and two 40,000-piece trial orders with another prospective partner, though future business depends on execution and customer demand.
• The company is pursuing several capacity additions, including an estimated 8% increase from adding lines at existing facilities and a further 15%–20% from developing its acquired facility. It is also building a satellite factory and plans to trial a second shift; some projects are expected to be completed in 2027.
• For fiscal Q3, Jerash forecast revenue of $49 million–$51 million but expects gross margin to decline to 16%–17%, citing elevated raw-material logistics costs and temporary productivity effects as new workers are onboarded. Management said transportation costs remain high despite port operations returning to near-normal levels.

Jerash Holdings (US) Trading Up 3.9%

Shares of NASDAQ JRSH traded up $0.29 during trading hours on Wednesday, hitting $7.84. The company’s stock had a trading volume of 185,267 shares, compared to its average volume of 293,628. Jerash Holdings has a 12 month low of $2.85 and a 12 month high of $7.73. The stock has a market cap of $99.63 million, a price-to-earnings ratio of 20.65 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 3.11. The business has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $4.33.

Jerash Holdings (US) Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Monday, November 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. Jerash Holdings (US)’s dividend payout ratio (DPR) is presently 52.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JRSH shares. DA Davidson raised their target price on shares of Jerash Holdings (US) from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Jerash Holdings (US) from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Jerash Holdings (US) currently has a consensus rating of “Buy” and an average target price of $6.00.

About Jerash Holdings (US)

Jerash Holdings (US), Inc. is an apparel manufacturer and exporter that produces garments for international customers and branded clothing companies. Its product range includes jackets, shirts, pants, activewear, outerwear and other woven and knit apparel. The company manufactures its products through operations in Jordan, including facilities located in the Al-Hassan Industrial Estate. Its Jordanian production platform supports cutting, sewing, finishing, packaging and related garment-manufacturing activities, allowing Jerash to supply finished products to customers in global markets.