Brokers Issue Forecasts for Jones Lang LaSalle Inc’s Q1 2018 Earnings (JLL)

Jones Lang LaSalle Inc (NYSE:JLL) – Investment analysts at William Blair issued their Q1 2018 EPS estimates for Jones Lang LaSalle in a report issued on Wednesday. William Blair analyst S. Sheldon anticipates that the financial services provider will earn $0.50 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Jones Lang LaSalle’s Q2 2018 earnings at $2.13 EPS, Q3 2018 earnings at $2.14 EPS, Q4 2018 earnings at $5.35 EPS, FY2018 earnings at $10.12 EPS and FY2019 earnings at $10.76 EPS.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business earned $3.95 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Monday, February 5th. JMP Securities downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Raymond James Financial started coverage on Jones Lang LaSalle in a research note on Tuesday, February 6th. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Barclays raised their price objective on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $146.00.

Jones Lang LaSalle (NYSE:JLL) opened at $150.22 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.34 and a debt-to-equity ratio of 0.21. Jones Lang LaSalle has a one year low of $101.83 and a one year high of $158.82. The firm has a market capitalization of $6,816.08, a P/E ratio of 27.07, a P/E/G ratio of 1.45 and a beta of 1.85.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vantage Financial Partners Ltd. Inc. bought a new position in Jones Lang LaSalle in the 4th quarter worth approximately $389,000. Baird Financial Group Inc. increased its position in Jones Lang LaSalle by 6.5% in the 4th quarter. Baird Financial Group Inc. now owns 18,397 shares of the financial services provider’s stock worth $2,740,000 after buying an additional 1,116 shares during the period. American International Group Inc. increased its position in Jones Lang LaSalle by 1.2% in the 4th quarter. American International Group Inc. now owns 96,669 shares of the financial services provider’s stock worth $14,397,000 after buying an additional 1,116 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $13,664,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $3,128,000. 90.58% of the stock is currently owned by institutional investors.

In other Jones Lang LaSalle news, CEO Jeff A. Jacobson sold 6,713 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $147.42, for a total value of $989,630.46. Following the transaction, the chief executive officer now directly owns 4,489 shares of the company’s stock, valued at approximately $661,768.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Martin H. Nesbitt sold 6,701 shares of Jones Lang LaSalle stock in a transaction that occurred on 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 directly owns 35 shares in the company, valued at $5,226.20. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

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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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