JFB Construction (NASDAQ:JFB) Releases Earnings Results, Misses Expectations By $0.18 EPS

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. JFB Construction had a negative return on equity of 32.35% and a negative net margin of 24.39%.

JFB Construction Stock Performance

JFB stock traded down $0.27 during mid-day trading on Thursday, hitting $4.36. The stock had a trading volume of 381,952 shares, compared to its average volume of 283,682. JFB Construction has a 1-year low of $2.45 and a 1-year high of $17.55. The company has a fifty day moving average of $4.55 and a 200 day moving average of $5.50.

Institutional Investors Weigh In On JFB Construction

Several large investors have recently made changes to their positions in JFB. Marshall Wace LLP acquired a new position in JFB Construction in the fourth quarter worth approximately $604,000. 683 Capital Management LLC bought a new stake in JFB Construction in the fourth quarter worth approximately $389,000. Nomura Holdings Inc. bought a new stake in JFB Construction in the third quarter worth approximately $258,000. Finally, Geode Capital Management LLC increased its stake 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 worth $182,000 after purchasing an additional 2,168 shares during the last quarter.

Wall Street Analyst Weigh In

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

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.