JFB Construction (NASDAQ:JFB) Announces Earnings Results

JFB Construction (NASDAQ:JFB) released its earnings results on Thursday. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18), Zacks reports. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 32.35%.

JFB Construction Stock Performance

Shares of JFB Construction stock traded down $0.27 during midday trading on Thursday, hitting $4.36. 381,952 shares of the company traded hands, compared to its average volume of 318,139. The firm’s fifty day moving average price is $4.58 and its 200-day moving average price is $5.51. The stock has a market cap of $88.20 million, a price-to-earnings ratio of -9.91 and a beta of 3.34. JFB Construction has a 12 month low of $2.45 and a 12 month high of $17.55.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JFB. Zacks Research upgraded shares of JFB Construction to a “hold” rating in a research report on Monday, August 3rd. Roth Capital started coverage on JFB Construction in a report on Thursday, July 2nd. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of JFB Construction in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, JFB Construction has an average rating of “Hold” and an average target price of $9.00.

Institutional Trading of JFB Construction

A number of hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in shares of JFB Construction during the fourth quarter worth $604,000. 683 Capital Management LLC bought a new position in shares of JFB Construction in the 4th quarter valued at $389,000. Nomura Holdings Inc. bought a new position in shares of JFB Construction in the 3rd quarter valued at $258,000. Finally, Geode Capital Management LLC boosted its holdings in shares of JFB Construction by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after acquiring an additional 2,168 shares in the last quarter.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.