Analysts expect that Jones Lang LaSalle Incorporated (NYSE:JLL) will report earnings of $1.60 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with the highest EPS estimate coming in at $1.78 and the lowest estimate coming in at $1.48. Jones Lang LaSalle posted earnings of $1.42 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.7%. The firm is expected to announce its next earnings report 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 financial year, with EPS estimates ranging from $7.61 to $8.26. For the next year, analysts expect that the company will post earnings of $8.58 per share, with EPS estimates ranging from $7.71 to $9.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.37. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. Jones Lang LaSalle’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.93 EPS.

Several brokerages recently commented on JLL. UBS AG began coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $134.00 price target for the company. ValuEngine downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $132.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $133.43.

Shares of Jones Lang LaSalle (NYSE:JLL) opened at 120.02 on Friday. The firm has a 50-day moving average of $123.52 and a 200 day moving average of $117.46. The stock has a market capitalization of $5.44 billion, a PE ratio of 18.12 and a beta of 1.81. Jones Lang LaSalle has a 1-year low of $86.62 and a 1-year high of $134.76.

In related news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $125.80, for a total value of $125,800.00. Following the completion of the sale, the director now owns 47,417 shares in the company, valued at approximately $5,965,058.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 3,000 shares of company stock valued at $368,870. 0.72% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Jones Lang LaSalle by 60.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the financial services provider’s stock worth $178,000 after buying an additional 600 shares in the last quarter. St. James Investment Company LLC lifted its position in Jones Lang LaSalle by 1,037.4% in the 2nd quarter. St. James Investment Company LLC now owns 129,555 shares of the financial services provider’s stock worth $16,194,000 after buying an additional 118,165 shares in the last quarter. Pegasus Partners Ltd. purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth approximately $4,369,000. Louisiana State Employees Retirement System lifted its position in Jones Lang LaSalle by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the financial services provider’s stock worth $1,475,000 after buying an additional 400 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its position in Jones Lang LaSalle by 1.6% in the 2nd quarter. State Treasurer State of Michigan now owns 18,700 shares of the financial services provider’s stock worth $2,338,000 after buying an additional 300 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/08/analysts-anticipate-jones-lang-lasalle-incorporated-jll-to-post-1-60-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Jones Lang LaSalle (JLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Jones Lang LaSalle Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.