Brokerages forecast that Jones Lang LaSalle Inc (NYSE:JLL) will post $4.27 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $3.97 to $4.45. Jones Lang LaSalle reported earnings per share of $3.95 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 7th.
On average, analysts expect that Jones Lang LaSalle will report full year earnings of $8.41 per share for the current year, with EPS estimates ranging from $8.16 to $8.69. For the next fiscal year, analysts forecast that the company will post earnings of $9.13 per share, with EPS estimates ranging from $8.86 to $9.49. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.41. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.83 billion. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. Jones Lang LaSalle’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS.
Several equities analysts have weighed in on JLL shares. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada lowered shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Jones Lang LaSalle has an average rating of “Buy” and an average target price of $133.57.
In other news, CEO Jeff A. Jacobson sold 6,713 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total value of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares in the company, valued at approximately $661,768.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin H. Nesbitt sold 6,701 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the completion of the transaction, the director now owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.
Several hedge funds have recently modified their holdings of JLL. Mckinley Capital Management LLC Delaware acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $105,000. Schroder Investment Management Group lifted its holdings in shares of Jones Lang LaSalle by 406.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 883 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Jones Lang LaSalle by 3.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 44 shares during the last quarter. M&T Bank Corp purchased a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $206,000. Finally, Parametrica Management Ltd purchased a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $212,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.
Jones Lang LaSalle (NYSE JLL) opened at $153.87 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7,006.84, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.91. Jones Lang LaSalle has a fifty-two week low of $97.60 and a fifty-two week high of $155.89.
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 16th were issued a $0.37 dividend. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a dividend yield of 0.52%. The ex-dividend date was Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio is currently 9.92%.
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About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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