$2.29 Earnings Per Share Expected for Jones Lang LaSalle Inc (JLL) This Quarter

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.

Featured Article: NASDAQ Stock Market Explained

Get a free copy of the Zacks research report on Jones Lang LaSalle (JLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply