Jones Lang LaSalle Incorporated (JLL) Set to Announce Quarterly Earnings on Monday
Jones Lang LaSalle Incorporated (NYSE:JLL) is set to announce its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $1.71 per share for the quarter.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.93 EPS. On average, analysts expect Jones Lang LaSalle to post $8.01 EPS for the current fiscal year and $8.61 EPS for the next fiscal year.
Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) opened at 127.37 on Monday. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 19.23 and a beta of 1.80. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The stock has a 50 day moving average of $126.18 and a 200 day moving average of $121.29.
JLL has been the subject of a number of research reports. 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 report on Monday, July 10th. Barclays PLC increased their price objective on Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Royal Bank Of Canada downgraded Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $133.57.
In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total transaction of $123,070.00. Following the completion of the transaction, the director now directly owns 46,417 shares in the company, valued at $5,712,540.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.
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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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