Jones Lang LaSalle Incorporated (JLL) Expected to Post Quarterly Sales of $2.30 Billion
Wall Street analysts expect Jones Lang LaSalle Incorporated (NYSE:JLL) to post $2.30 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Jones Lang LaSalle’s earnings. The highest sales estimate is $2.33 billion and the lowest is $2.27 billion. Jones Lang LaSalle reported sales of $2.16 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The company is expected to issue its next quarterly earnings results on Monday, February 5th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full year sales of $2.30 billion for the current financial year, with estimates ranging from $7.67 billion to $7.73 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.25 billion per share, with estimates ranging from $8.14 billion to $8.36 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.41. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis.
In other news, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $147.42, for a total transaction of $989,630.46. Following the completion of the sale, the chief executive officer now directly owns 4,489 shares in the company, valued at $661,768.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.72% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth approximately $105,000. IFP Advisors Inc boosted its position in shares of Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 6 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Jones Lang LaSalle by 406.9% in the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 883 shares during the last quarter. Commonwealth Bank of Australia boosted its position in shares of Jones Lang LaSalle by 3.7% in the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 44 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth approximately $201,000. Institutional investors and hedge funds own 91.17% of the company’s stock.
Jones Lang LaSalle (JLL) opened at $149.20 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.35. Jones Lang LaSalle has a twelve month low of $97.60 and a twelve month high of $155.25. The firm has a market cap of $6,809.05, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.91.
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, November 15th. This is an increase from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a dividend yield of 0.52%. Jones Lang LaSalle’s payout ratio is 9.92%.
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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