Jerash Holdings (US), Inc. (JRSH) to Issue Quarterly Dividend of $0.05 on August 24th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Friday, August 7th. Investors of record on Monday, August 17th will be given a dividend of 0.05 per share on Monday, August 24th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, August 17th.

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

Jerash Holdings (US) Stock Performance

Shares of JRSH opened at $5.30 on Friday. The firm has a market cap of $67.31 million, a PE ratio of 13.95 and a beta of 1.03. The stock’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $3.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.11 and a quick ratio of 1.31. Jerash Holdings has a 1 year low of $2.85 and a 1 year high of $5.60.

Jerash Holdings (US) (NASDAQ:JRSH) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $50.23 million during the quarter, compared to the consensus estimate of $47.90 million. Jerash Holdings (US) had a return on equity of 7.61% and a net margin of 2.77%.

Analysts Set New Price Targets

Several research firms have recently issued reports on JRSH. DA Davidson boosted their price target on shares of Jerash Holdings (US) from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen upgraded shares of Jerash Holdings (US) from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 28th. Finally, Weiss Ratings upgraded shares of Jerash Holdings (US) from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $6.00.

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.