JFB Construction (NASDAQ:JFB) Issues Earnings Results

JFB Construction (NASDAQ:JFB) issued its quarterly earnings data on Thursday. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18), Zacks reports. The company had revenue of $9.07 million during the quarter, compared to analysts’ expectations of $29.00 million. JFB Construction had a negative return on equity of 32.35% and a negative net margin of 24.39%.

JFB Construction Price Performance

Shares of JFB Construction stock traded up $0.42 on Friday, reaching $4.79. 1,016,394 shares of the company traded hands, compared to its average volume of 322,586. The company has a 50 day moving average of $4.55 and a 200 day moving average of $5.50. JFB Construction has a 52 week low of $2.45 and a 52 week high of $17.55. The firm has a market capitalization of $96.80 million, a PE ratio of -10.88 and a beta of 3.34.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research raised JFB Construction to a “hold” rating in a research report on Monday, August 3rd. Roth Capital started coverage on shares of JFB Construction in a research note on Thursday, July 2nd. They issued a “buy” rating and a $9.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of JFB Construction in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.00.

Hedge Funds Weigh In On JFB Construction

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in JFB Construction in the fourth quarter worth $604,000. 683 Capital Management LLC bought a new position in shares of JFB Construction during the 4th quarter worth $389,000. Nomura Holdings Inc. purchased a new stake in JFB Construction in the 3rd quarter worth about $258,000. Finally, Geode Capital Management LLC raised its stake in JFB Construction by 21.1% in 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 during the period.

About JFB Construction

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.