JFB Construction (NASDAQ:JFB) Announces Quarterly Earnings Results

Key Points

• JFB Construction reported a quarterly loss of $0.23 per share, missing the consensus estimate of a $0.05 loss by $0.18. The company posted a negative net margin of 24.39% and negative return on equity of 32.35%.
• Shares fell 5.8% to $4.36 following the results, with the stock trading well below its 12-month high of $17.55. JFB has a market capitalization of approximately $88.2 million.
• Analyst sentiment remains mixed, with one Buy, one Hold and one Sell rating; the consensus rating is Hold, while the average price target is $9.00.

JFB Construction (NASDAQ:JFB - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.23) earnings per share 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 Trading Down 5.8%

Shares of NASDAQ:JFB traded down $0.27 on Thursday, reaching $4.36. 381,952 shares of the company's stock were exchanged, compared to its average volume of 318,139. JFB Construction has a twelve month low of $2.45 and a twelve month high of $17.55. The company has a fifty day moving average of $4.58 and a 200-day moving average of $5.51. The company has a market capitalization of $88.20 million, a price-to-earnings ratio of -9.91 and a beta of 3.34.

Institutional Investors Weigh In On JFB Construction

Several institutional investors have recently made changes to their positions in JFB. 683 Capital Management LLC bought a new position in JFB Construction during the 4th quarter worth $389,000. Marshall Wace LLP acquired a new position in JFB Construction in the 4th quarter valued at $604,000. Nomura Holdings Inc. bought a new stake in shares of JFB Construction during the 3rd quarter valued at $258,000. Finally, Geode Capital Management LLC grew 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 worth $182,000 after purchasing an additional 2,168 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JFB shares. Roth Capital assumed coverage on JFB Construction in a research report on Thursday, July 2nd. They issued a "buy" rating and a $9.00 target price on the stock. Weiss Ratings restated a "sell (d)" rating on shares of JFB Construction in a research note on Wednesday, July 8th. Finally, Zacks Research raised JFB Construction to a "hold" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.

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