Jerash Holdings (US), Inc. (JRSH) To Go Ex-Dividend on November 16th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Thursday, November 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, November 16th.

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

Jerash Holdings (US) Stock Performance

NASDAQ JRSH opened at $6.10 on Friday. 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 firm has a market capitalization of $77.47 million, a P/E ratio of 16.05 and a beta of 1.03. The stock’s fifty day moving average is $5.83 and its two-hundred day moving average is $4.29. Jerash Holdings has a fifty-two week low of $2.85 and a fifty-two week high of $6.67.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.13 earnings per share 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 analysts’ expectations of $47.90 million. Jerash Holdings (US) had a net margin of 2.77% and a return on equity of 7.61%.

About Jerash Holdings (US)

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.