Jones Lang LaSalle Inc (NYSE:JLL) – Stock analysts at Wedbush cut their Q1 2018 EPS estimates for Jones Lang LaSalle in a report released on Monday. Wedbush analyst J. Weaver now anticipates that the financial services provider will earn $1.00 per share for the quarter, down from their previous estimate of $1.04. Wedbush currently has a “Hold” rating and a $158.00 target price on the stock. Wedbush also issued estimates for Jones Lang LaSalle’s Q4 2018 earnings at $5.29 EPS, FY2018 earnings at $10.36 EPS, Q1 2019 earnings at $0.99 EPS, Q2 2019 earnings at $1.90 EPS, Q3 2019 earnings at $3.03 EPS and Q4 2019 earnings at $5.04 EPS.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the firm earned $3.95 EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year.
Jones Lang LaSalle (NYSE JLL) opened at $153.99 on Wednesday. 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 fifty-two week low of $101.83 and a fifty-two week high of $158.82. The company has a market cap of $6,895.46, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.85.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the sale, the director now owns 35 shares in the company, valued at approximately $5,226.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in Jones Lang LaSalle by 814.6% in the 4th quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 725 shares during the period. M&T Bank Corp purchased a new position in Jones Lang LaSalle in the 2nd quarter worth $206,000. Parametrica Management Ltd purchased a new position in Jones Lang LaSalle in the 3rd quarter worth $212,000. Levin Capital Strategies L.P. purchased a new position in Jones Lang LaSalle in the 4th quarter worth $223,000. Finally, Magnetar Financial LLC purchased a new position in Jones Lang LaSalle in the 3rd quarter worth $233,000. Institutional investors own 90.77% of the company’s stock.
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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