Analysts Expect Jones Lang LaSalle Incorporated (JLL) Will Announce Earnings of $1.60 Per Share
Equities analysts forecast that Jones Lang LaSalle Incorporated (NYSE:JLL) will post $1.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Jones Lang LaSalle’s earnings. The lowest EPS estimate is $1.48 and the highest is $1.78. Jones Lang LaSalle reported earnings of $1.42 per share in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The company is expected to issue its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Jones Lang LaSalle will report full-year earnings of $7.98 per share for the current year, with EPS estimates ranging from $7.61 to $8.26. For the next fiscal year, analysts expect that the business will report earnings of $8.58 per share, with EPS estimates ranging from $7.71 to $9.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.37. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.76 billion. Jones Lang LaSalle had a return on equity of 12.04% and a net margin of 4.14%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.93 EPS.
A number of research analysts recently issued reports on the company. Barclays PLC increased their price objective on Jones Lang LaSalle from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, June 9th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG started coverage on Jones Lang LaSalle in a research report on Wednesday, July 26th. They set a “neutral” rating and a $134.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $120.00 price target on shares of Jones Lang LaSalle in a research report on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $133.43.
Shares of Jones Lang LaSalle (NYSE JLL) traded up 0.21% during midday trading on Friday, hitting $116.95. The stock had a trading volume of 198,350 shares. The company has a market capitalization of $5.30 billion, a PE ratio of 17.66 and a beta of 1.81. The firm’s 50-day moving average is $125.55 and its 200 day moving average is $116.26. Jones Lang LaSalle has a one year low of $86.62 and a one year high of $134.76.
In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director now directly owns 48,342 shares of the company’s stock, valued at $5,801,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 3,000 shares of company stock valued at $368,870 over the last three months. Insiders own 0.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of JLL. BlackRock Inc. boosted its stake in Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock worth $484,647,000 after buying an additional 4,195,662 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Jones Lang LaSalle by 14,443.2% in the second quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock worth $80,206,000 after buying an additional 637,233 shares during the last quarter. Franklin Resources Inc. boosted its stake in Jones Lang LaSalle by 8,404.7% in the second quarter. Franklin Resources Inc. now owns 442,242 shares of the financial services provider’s stock worth $55,280,000 after buying an additional 437,042 shares during the last quarter. Harbor Spring Capital LLC acquired a new stake in Jones Lang LaSalle during the first quarter worth about $37,224,000. Finally, Platinum Investment Management Ltd. boosted its stake in Jones Lang LaSalle by 109.0% in the second quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock worth $79,326,000 after buying an additional 330,913 shares during the last quarter. 89.14% of the stock is owned by hedge funds and other institutional investors.
Jones Lang LaSalle Company Profile
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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