Analysts expect that Jerash Holdings (US) Inc (NASDAQ:JRSH) will report earnings per share of $0.45 for the current quarter, according to Zacks. Two analysts have made estimates for Jerash Holdings (US)’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.44. Jerash Holdings (US) posted earnings per share of $0.56 in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.6%. The business is scheduled to announce its next earnings results on Thursday, November 14th.
On average, analysts expect that Jerash Holdings (US) will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.70 to $0.81. For the next financial year, analysts expect that the firm will post earnings of $0.97 per share, with EPS estimates ranging from $0.95 to $0.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Jerash Holdings (US).
Jerash Holdings (US) (NASDAQ:JRSH) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $22.53 million during the quarter, compared to analyst estimates of $21.70 million. Jerash Holdings (US) had a return on equity of 17.07% and a net margin of 8.47%.
A number of research firms recently weighed in on JRSH. ValuEngine cut Jerash Holdings (US) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised Jerash Holdings (US) from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.50.
An institutional investor recently raised its position in Jerash Holdings (US) stock. Perritt Capital Management Inc. raised its position in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) by 15.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,529 shares of the company’s stock after acquiring an additional 8,919 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.60% of Jerash Holdings (US) worth $484,000 as of its most recent SEC filing. Institutional investors own 3.76% of the company’s stock.
NASDAQ JRSH opened at $7.05 on Wednesday. The stock has a market capitalization of $81.99 million, a price-to-earnings ratio of 9.40 and a beta of 1.18. Jerash Holdings has a twelve month low of $5.50 and a twelve month high of $8.50. The company has a current ratio of 7.41, a quick ratio of 4.62 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $7.34 and a 200 day moving average of $7.14.
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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