JFB Construction (NASDAQ:JFB) Releases Quarterly Earnings Results

JFB Construction (NASDAQ:JFB) announced its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. The company had revenue of $10.47 million during the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 43.09%.

JFB Construction Price Performance

Shares of NASDAQ JFB traded down $0.02 during mid-day trading on Friday, hitting $5.26. The company had a trading volume of 146,589 shares, compared to its average volume of 263,425. The firm has a 50-day simple moving average of $6.13 and a two-hundred day simple moving average of $5.28. JFB Construction has a one year low of $2.30 and a one year high of $17.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of JFB Construction in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On JFB Construction

Several hedge funds have recently bought and sold shares of JFB. Geode Capital Management LLC lifted 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 purchasing an additional 2,168 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in JFB Construction in the 3rd quarter valued at about $258,000. 683 Capital Management LLC acquired a new stake in JFB Construction in the 4th quarter valued at about $389,000. Finally, Marshall Wace LLP acquired a new stake in JFB Construction in the 4th quarter valued at about $604,000.

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.