Jerash Holdings (US) Inc (NASDAQ:JRSH) Given $9.00 Consensus Target Price by Analysts

Jerash Holdings (US) Inc (NASDAQ:JRSH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $9.00 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned Jerash Holdings (US) an industry rank of 88 out of 255 based on the ratings given to its competitors.

JRSH has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating on shares of Jerash Holdings (US) in a research note on Monday, November 4th. Zacks Investment Research lowered Jerash Holdings (US) from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Finally, ValuEngine raised Jerash Holdings (US) from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

A hedge fund recently bought a new stake in Jerash Holdings (US) stock. Millennium Management LLC purchased a new position in Jerash Holdings (US) Inc (NASDAQ:JRSH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,716 shares of the company’s stock, valued at approximately $245,000. Millennium Management LLC owned about 0.29% of Jerash Holdings (US) at the end of the most recent reporting period. 4.67% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:JRSH opened at $6.30 on Friday. The company has a market cap of $71.35 million, a P/E ratio of 14.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.77 and a current ratio of 8.87. Jerash Holdings has a 52-week low of $5.80 and a 52-week high of $8.00. The stock’s 50-day simple moving average is $6.70 and its 200 day simple moving average is $7.01.

Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings data on Friday, November 8th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Jerash Holdings (US) had a net margin of 7.59% and a return on equity of 11.56%. The firm had revenue of $30.61 million for the quarter, compared to the consensus estimate of $40.02 million. As a group, equities analysts predict that Jerash Holdings will post 0.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, November 15th. Jerash Holdings (US)’s dividend payout ratio (DPR) is currently 44.44%.

Jerash Holdings (US) Company Profile

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.

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