Analysts Anticipate Jerash Holdings (US) Inc (NASDAQ:JRSH) to Announce $0.20 Earnings Per Share

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Analysts predict that Jerash Holdings (US) Inc (NASDAQ:JRSH) will announce earnings of $0.20 per share for the current quarter, according to Zacks. Two analysts have made estimates for Jerash Holdings (US)’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.18. Jerash Holdings (US) posted earnings per share of $0.25 in the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The business is scheduled to announce its next earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Jerash Holdings (US) will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.83 to $0.90. For the next financial year, analysts expect that the business will report earnings of $1.00 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Jerash Holdings (US).

A number of research firms have issued reports on JRSH. DA Davidson cut their price target on Comerica from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.50.

A hedge fund recently raised its stake in Jerash Holdings (US) stock. Royce & Associates LP lifted its holdings in Jerash Holdings (US) Inc (NASDAQ:JRSH) by 181.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,467 shares of the company’s stock after buying an additional 73,133 shares during the period. Royce & Associates LP owned approximately 1.00% of Jerash Holdings (US) worth $664,000 at the end of the most recent reporting period. Institutional investors own 3.67% of the company’s stock.

JRSH stock remained flat at $$7.00 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 4,939. Jerash Holdings has a fifty-two week low of $4.77 and a fifty-two week high of $8.50. The company’s fifty day moving average is $6.94.

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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