FY2016 EPS Estimates for Jones Lang LaSalle Inc. Reduced by Analyst (JLL)
Jones Lang LaSalle Inc. (NYSE:JLL) – Research analysts at William Blair decreased their FY2016 earnings per share estimates for shares of Jones Lang LaSalle in a report issued on Sunday. William Blair analyst B. Dobell now forecasts that the firm will post earnings per share of $8.92 for the year, down from their previous forecast of $9.13. William Blair also issued estimates for Jones Lang LaSalle’s Q4 2016 earnings at $4.25 EPS and FY2017 earnings at $9.52 EPS.
JLL has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Wedbush initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, October 5th. They issued a “neutral” rating and a $126.00 price objective for the company. TheStreet upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Barclays PLC reduced their price target on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $145.33.
Jones Lang LaSalle (NYSE:JLL) traded down 2.91% on Tuesday, reaching $101.53. The company had a trading volume of 208,926 shares. Jones Lang LaSalle has a 52-week low of $90.07 and a 52-week high of $171.63. The stock has a 50 day moving average price of $114.30 and a 200 day moving average price of $113.14. The stock has a market capitalization of $4.59 billion, a PE ratio of 11.24 and a beta of 1.85.
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Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.09. Jones Lang LaSalle had a return on equity of 16.44% and a net margin of 6.50%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis.
In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the director now directly owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA boosted its position in shares of Jones Lang LaSalle by 8.9% in the first quarter. Glenmede Trust Co. NA now owns 4,687 shares of the company’s stock worth $548,000 after buying an additional 382 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of Jones Lang LaSalle by 5.5% in the first quarter. Commonwealth Equity Services Inc now owns 2,889 shares of the company’s stock worth $339,000 after buying an additional 150 shares during the period. Ngam Advisors L.P. acquired a new position in shares of Jones Lang LaSalle during the first quarter worth $1,562,000. Franklin Resources Inc. acquired a new position in shares of Jones Lang LaSalle during the first quarter worth $434,000. Finally, BlackRock Inc. boosted its position in shares of Jones Lang LaSalle by 13.5% in the first quarter. BlackRock Inc. now owns 151,468 shares of the company’s stock worth $17,770,000 after buying an additional 18,050 shares during the period. 88.39% of the stock is owned by institutional investors and hedge funds.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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