Equities analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post earnings of $2.29 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Jones Lang LaSalle’s earnings, with the highest EPS estimate coming in at $2.32 and the lowest estimate coming in at $2.27. Jones Lang LaSalle reported earnings per share of $1.96 during the same quarter last year, which suggests a positive year over year growth rate of 16.8%. The business is expected to report its next earnings results before the market opens on Tuesday, November 6th.
On average, analysts expect that Jones Lang LaSalle will report full-year earnings of $10.24 per share for the current fiscal year, with EPS estimates ranging from $10.05 to $10.50. For the next year, analysts forecast that the business will post earnings of $10.92 per share, with EPS estimates ranging from $10.85 to $11.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.05. Jones Lang LaSalle had a return on equity of 13.84% and a net margin of 2.62%. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm earned $2.17 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis.
A number of research analysts recently weighed in on JLL shares. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $179.17.
Shares of JLL stock traded down $0.11 during mid-day trading on Monday, hitting $132.91. 220,100 shares of the company’s stock were exchanged, compared to its average volume of 333,109. Jones Lang LaSalle has a fifty-two week low of $125.02 and a fifty-two week high of $178.75. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63.
In related news, CEO Guy Grainger sold 200 shares of Jones Lang LaSalle stock in a transaction on Monday, August 27th. The stock was sold at an average price of $154.94, for a total value of $30,988.00. Following the transaction, the chief executive officer now owns 1,341 shares in the company, valued at $207,774.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of JLL. IFM Investors Pty Ltd lifted its stake in shares of Jones Lang LaSalle by 51.4% during the third quarter. IFM Investors Pty Ltd now owns 1,876 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 637 shares in the last quarter. Strs Ohio lifted its stake in shares of Jones Lang LaSalle by 3,523.9% during the third quarter. Strs Ohio now owns 116,072 shares of the financial services provider’s stock worth $16,751,000 after purchasing an additional 112,869 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Jones Lang LaSalle by 5.0% during the third quarter. Cornerstone Wealth Management LLC now owns 30,090 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 1,425 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Jones Lang LaSalle by 18.1% during the third quarter. Xact Kapitalforvaltning AB now owns 13,852 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Oakbrook Investments LLC acquired a new position in shares of Jones Lang LaSalle during the third quarter worth about $419,000. Hedge funds and other institutional investors own 93.47% of the company’s stock.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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