Brokerages Expect Jerash Holdings (US) Inc (NASDAQ:JRSH) to Post -$0.02 Earnings Per Share

Equities research analysts forecast that Jerash Holdings (US) Inc (NASDAQ:JRSH) will announce ($0.02) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Jerash Holdings (US)’s earnings. The company is expected to report its next earnings results on Wednesday, June 26th.

According to Zacks, analysts expect that Jerash Holdings (US) will report full-year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.69 to $0.87. For the next year, analysts anticipate that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.93 to $0.95. Zacks’ EPS averages are an average based on a survey of analysts that follow Jerash Holdings (US).

Several research analysts have issued reports on JRSH shares. Roth Capital started coverage on shares of Jerash Holdings (US) in a report on Monday, February 25th. They issued a “buy” rating and a $10.00 target price for the company. DA Davidson started coverage on shares of Jerash Holdings (US) in a report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 target price for the company. ValuEngine cut shares of Jerash Holdings (US) from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research cut shares of Jerash Holdings (US) from a “hold” rating to a “sell” rating in a report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.50.

A number of institutional investors have recently modified their holdings of the business. Royce & Associates LP grew its stake in shares of Jerash Holdings (US) by 32.1% during the first quarter. Royce & Associates LP now owns 149,860 shares of the company’s stock worth $1,101,000 after buying an additional 36,393 shares during the last quarter. Perritt Capital Management Inc. bought a new stake in shares of Jerash Holdings (US) in the fourth quarter worth $305,000. Vanguard Group Inc bought a new stake in shares of Jerash Holdings (US) in the third quarter worth $215,000. Finally, Vanguard Group Inc. bought a new stake in shares of Jerash Holdings (US) in the third quarter worth $215,000. 3.67% of the stock is owned by institutional investors and hedge funds.

NASDAQ JRSH traded down $0.08 during trading hours on Monday, reaching $6.88. 1,333 shares of the company’s stock traded hands, compared to its average volume of 2,708. Jerash Holdings has a 52-week low of $4.77 and a 52-week high of $8.94. The business’s 50-day simple moving average is $6.90.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 28th were issued a $0.05 dividend. The ex-dividend date was Friday, May 24th. This represents a $0.20 annualized dividend and a yield of 2.91%.

About Jerash Holdings (US)

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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Earnings History and Estimates for Jerash Holdings (US) (NASDAQ:JRSH)

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