$2.30 Billion in Sales Expected for Jones Lang LaSalle Inc (JLL) This Quarter

Analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post sales of $2.30 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $2.27 billion to $2.33 billion. Jones Lang LaSalle reported sales of $2.16 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, February 7th.

According to Zacks, analysts expect that Jones Lang LaSalle will report full-year sales of $2.30 billion for the current year, with estimates ranging from $7.67 billion to $7.73 billion. For the next year, analysts expect that the business will post sales of $8.25 billion per share, with estimates ranging from $8.14 billion to $8.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.41. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 EPS.

JLL has been the subject of several research reports. Royal Bank of Canada downgraded Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $133.57.

Jones Lang LaSalle (NYSE:JLL) traded down $2.11 during mid-day trading on Tuesday, hitting $151.76. The stock had a trading volume of 186,498 shares, compared to its average volume of 219,540. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $7,000.00, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.53 and a beta of 1.91. Jones Lang LaSalle has a 12 month low of $97.60 and a 12 month high of $155.89.

In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $149.32, for a total value of $1,000,593.32. Following the completion of the transaction, the director now owns 35 shares in the company, valued at approximately $5,226.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeff A. Jacobson sold 6,713 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the completion of the transaction, the chief executive officer now owns 4,489 shares of the company’s stock, valued at approximately $661,768.38. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JLL. Schwab Charles Investment Management Inc. boosted its stake in Jones Lang LaSalle by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 162,233 shares of the financial services provider’s stock worth $20,280,000 after purchasing an additional 9,944 shares during the period. Neuberger Berman Group LLC purchased a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $214,000. JPMorgan Chase & Co. increased its stake in Jones Lang LaSalle by 50.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 151,187 shares of the financial services provider’s stock worth $18,901,000 after purchasing an additional 50,563 shares during the period. Schroder Investment Management Group increased its stake in Jones Lang LaSalle by 406.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in Jones Lang LaSalle by 3.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 90.55% of the company’s stock.

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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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