Jerash Holdings (US), Inc. (NASDAQ:JRSH) Shareholders to Receive $0.05 Quarterly Dividend

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be paid a dividend of $0.05 per share on Monday, November 23rd. This represents a $0.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 16th.

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

Jerash Holdings (US) Price Performance

JRSH stock traded up $0.07 during trading on Thursday, hitting $5.88. The stock had a trading volume of 168,808 shares, compared to its average volume of 294,165. The stock has a market cap of $74.74 million, a price-to-earnings ratio of 15.49 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 company’s 50 day moving average price is $5.82 and its two-hundred day moving average price is $4.26. Jerash Holdings has a 1-year low of $2.85 and a 1-year high of $6.67.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $50.23 million during the quarter, compared to the consensus estimate of $47.90 million. Jerash Holdings (US) had a net margin of 2.77% and a return on equity of 7.61%.

Analysts Set New Price Targets

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

Jerash Holdings (US) Company Profile

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.

Jerash Holdings serves apparel brands and retailers primarily in North America and other international markets.