Equities research analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to report earnings of $1.55 per share for the current quarter, according to Zacks. Two analysts have made estimates for Jones Lang LaSalle’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.58. Jones Lang LaSalle posted earnings per share of $1.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, November 6th.

On average, analysts expect that Jones Lang LaSalle will report full-year earnings of $8.01 per share for the current year, with EPS estimates ranging from $7.61 to $8.26. For the next financial year, analysts expect that the company will report earnings of $8.62 per share, with EPS estimates ranging from $7.71 to $9.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $1.93 earnings per share.

JLL has been the topic of several research reports. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Monday, July 10th. Barclays PLC lifted their price target on shares of Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. ValuEngine downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. UBS Group AG (USA) initiated coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 26th. They set a “neutral” rating and a $134.00 price target on the stock. Finally, BidaskClub downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $133.57.

In related news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $123.07, for a total value of $123,070.00. Following the transaction, the director now directly owns 46,417 shares of the company’s stock, valued at $5,712,540.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goodman Financial Corp increased its stake in shares of Jones Lang LaSalle by 3.1% in the third quarter. Goodman Financial Corp now owns 58,130 shares of the financial services provider’s stock worth $7,179,000 after buying an additional 1,760 shares during the period. Swiss National Bank increased its stake in shares of Jones Lang LaSalle by 1.0% in the third quarter. Swiss National Bank now owns 166,500 shares of the financial services provider’s stock worth $20,563,000 after buying an additional 1,600 shares during the period. Principal Financial Group Inc. increased its stake in shares of Jones Lang LaSalle by 2.2% in the third quarter. Principal Financial Group Inc. now owns 194,477 shares of the financial services provider’s stock worth $24,018,000 after buying an additional 4,134 shares during the period. Boston Partners increased its stake in shares of Jones Lang LaSalle by 2.0% in the third quarter. Boston Partners now owns 232,755 shares of the financial services provider’s stock worth $28,745,000 after buying an additional 4,512 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Jones Lang LaSalle by 51.5% in the third quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock worth $42,575,000 after buying an additional 117,160 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Jones Lang LaSalle (NYSE:JLL) traded up $4.41 during mid-day trading on Friday, hitting $133.50. 202,206 shares of the company’s stock traded hands, compared to its average volume of 232,004. The stock has a market capitalization of $6.05 billion, a P/E ratio of 16.90, a PEG ratio of 1.47 and a beta of 1.84. Jones Lang LaSalle has a 52-week low of $87.56 and a 52-week high of $134.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.97.

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

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