Q2 2022 EPS Estimates for Jones Lang LaSalle Incorporated Cut by William Blair (NYSE:JLL)

Jones Lang LaSalle Incorporated (NYSE:JLLGet Rating) – Analysts at William Blair reduced their Q2 2022 EPS estimates for shares of Jones Lang LaSalle in a research report issued to clients and investors on Monday, May 9th. William Blair analyst S. Sheldon now forecasts that the financial services provider will post earnings of $4.69 per share for the quarter, down from their previous forecast of $4.74. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Jones Lang LaSalle’s Q3 2022 earnings at $4.94 EPS, FY2022 earnings at $20.62 EPS and Q1 2023 earnings at $3.23 EPS.

Jones Lang LaSalle (NYSE:JLLGet Rating) last announced its quarterly earnings data on Monday, May 9th. The financial services provider reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $1.33. The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $2.68 billion. Jones Lang LaSalle had a net margin of 4.99% and a return on equity of 17.51%. Jones Lang LaSalle’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 EPS.

JLL has been the topic of several other reports. Wolfe Research decreased their price target on shares of Jones Lang LaSalle from $461.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, March 10th. Raymond James decreased their price target on shares of Jones Lang LaSalle from $329.00 to $295.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 26th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Tuesday, April 5th. They issued a “sell” rating and a $217.00 target price on the stock. Finally, Zacks Investment Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $269.25.

Shares of JLL opened at $194.07 on Thursday. The company has a 50-day simple moving average of $223.26 and a 200-day simple moving average of $243.35. The company has a quick ratio of 1.70, a current ratio of 2.23 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.48 billion, a PE ratio of 10.00, a P/E/G ratio of 1.13 and a beta of 1.26. Jones Lang LaSalle has a 52-week low of $184.21 and a 52-week high of $275.77.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd purchased a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $25,000. Sageworth Trust Co of South Dakota purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $32,000. Ellevest Inc. raised its stake in shares of Jones Lang LaSalle by 1,255.6% during the first quarter. Ellevest Inc. now owns 122 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 113 shares during the period. National Bank of Canada FI purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $43,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

About Jones Lang LaSalle (Get Rating)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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

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