JFB Construction (NASDAQ:JFB) Announces Earnings Results

JFB Construction (NASDAQ:JFB) issued 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. The business had revenue of $9.07 million for the quarter, compared to analyst estimates of $29.00 million. JFB Construction had a negative return on equity of 31.95% and a negative net margin of 25.19%.

JFB Construction Stock Up 5.5%

Shares of JFB stock traded up $0.24 during mid-day trading on Friday, reaching $4.60. 1,150,195 shares of the stock traded hands, compared to its average volume of 293,167. The company has a market cap of $93.06 million, a price-to-earnings ratio of -10.45 and a beta of 3.34. The stock’s fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $5.49. JFB Construction has a 1-year low of $2.45 and a 1-year high of $17.55.

Analyst Ratings Changes

A number of research firms have recently weighed in on JFB. Zacks Research upgraded shares of JFB Construction to a “hold” rating in a research note on Monday, August 3rd. Roth Capital initiated coverage on shares of JFB Construction in a research report on Thursday, July 2nd. They set a “buy” rating and a $9.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of JFB Construction in a research note 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of JFB Construction by 21.1% during the fourth 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 last quarter. Nomura Holdings Inc. bought a new stake in shares of JFB Construction in the third quarter worth $258,000. 683 Capital Management LLC acquired a new stake in JFB Construction in the fourth quarter valued at $389,000. Finally, Marshall Wace LLP acquired a new stake in JFB Construction in the fourth quarter valued at $604,000.

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.