Jones Lang LaSalle (JLL) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS
Jones Lang LaSalle (NYSE:JLL) posted its quarterly earnings results on Thursday. The company reported $1.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.40 by $0.28, AnalystRatings.NET reports. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis.
A number of analysts have recently weighed in on JLL shares. Analysts at Barclays raised their price target on shares of Jones Lang LaSalle from $128.00 to $138.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Jones Lang LaSalle in a research note on Wednesday, June 18th. They now have a $130.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $126.93.
Shares of Jones Lang LaSalle (NYSE:JLL) traded down 2.18% on Thursday, hitting $123.70. 320,702 shares of the company’s stock traded hands. Jones Lang LaSalle has a 1-year low of $80.86 and a 1-year high of $131.70. The stock has a 50-day moving average of $126.8 and a 200-day moving average of $120.2. The company has a market cap of $5.513 billion and a price-to-earnings ratio of 20.95.
Jones Lang LaSalle Incorporated (NYSE:JLL) is a financial and professional services firm specializing in real estate.
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