Jones Lang LaSalle Incorporated to Post FY2017 Earnings of $7.61 Per Share, William Blair Forecasts (JLL)
Jones Lang LaSalle Incorporated (NYSE:JLL) – Investment analysts at William Blair increased their FY2017 earnings per share estimates for Jones Lang LaSalle in a research note issued on Wednesday. William Blair analyst B. Dobell now anticipates that the financial services provider will post earnings per share of $7.61 for the year, up from their previous estimate of $6.62. William Blair also issued estimates for Jones Lang LaSalle’s Q4 2017 earnings at $3.75 EPS, Q1 2018 earnings at $0.70 EPS, Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.60 EPS, Q4 2018 earnings at $4.05 EPS and FY2018 earnings at $7.71 EPS.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. ILLEGAL ACTIVITY NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/07/jones-lang-lasalle-incorporated-to-post-fy2017-earnings-of-7-61-per-share-william-blair-forecasts-jll.html.
Several other brokerages also recently issued reports on JLL. UBS AG began coverage on Jones Lang LaSalle in a research report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 price objective for the company. ValuEngine downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday. BidaskClub downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Monday, July 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $133.43.
Jones Lang LaSalle (JLL) opened at 125.08 on Monday. The stock’s 50 day moving average price is $124.63 and its 200-day moving average price is $114.55. The stock has a market capitalization of $5.66 billion, a P/E ratio of 18.89 and a beta of 1.81. Jones Lang LaSalle has a 52 week low of $86.62 and a 52 week high of $134.76.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $125.80, for a total value of $125,800.00. Following the transaction, the director now owns 47,417 shares of the company’s stock, valued at $5,965,058.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,000 shares of company stock valued at $361,240 over the last 90 days. 0.72% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its position in Jones Lang LaSalle by 14.7% in the fourth quarter. Teachers Advisors LLC now owns 60,433 shares of the financial services provider’s stock valued at $6,106,000 after buying an additional 7,752 shares in the last quarter. Macquarie Group Ltd. boosted its position in Jones Lang LaSalle by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the financial services provider’s stock valued at $171,000 after buying an additional 1,300 shares in the last quarter. Denali Advisors LLC boosted its position in Jones Lang LaSalle by 272.5% in the first quarter. Denali Advisors LLC now owns 19,000 shares of the financial services provider’s stock valued at $2,118,000 after buying an additional 13,900 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Jones Lang LaSalle by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 14,400 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 100 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Jones Lang LaSalle by 33.4% in the first quarter. Bank of Montreal Can now owns 69,062 shares of the financial services provider’s stock valued at $7,696,000 after buying an additional 17,286 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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