Equities analysts predict that Jones Lang LaSalle Inc (NYSE:JLL) will announce earnings of $4.74 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with the highest EPS estimate coming in at $4.96 and the lowest estimate coming in at $4.61. Jones Lang LaSalle reported earnings of $4.92 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 12th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full year earnings of $10.99 per share for the current year, with EPS estimates ranging from $10.86 to $11.22. For the next year, analysts expect that the firm will report earnings of $11.05 per share, with EPS estimates ranging from $10.75 to $11.38. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.71. Jones Lang LaSalle had a return on equity of 14.87% and a net margin of 2.59%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a research note on Tuesday, November 13th. ValuEngine raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Barclays raised their price objective on shares of Jones Lang LaSalle from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, November 16th. Finally, Bank of America lowered shares of Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 price objective on the stock. in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $165.00.
Shares of JLL traded down $0.52 during mid-day trading on Friday, reaching $144.39. The company’s stock had a trading volume of 187,928 shares, compared to its average volume of 188,230. Jones Lang LaSalle has a 12-month low of $119.79 and a 12-month high of $178.75. The company has a market cap of $6.58 billion, a P/E ratio of 15.76, a PEG ratio of 1.19 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 1.89.
Several institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $693,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $5,513,000. Standard Life Aberdeen plc boosted its stake in shares of Jones Lang LaSalle by 11.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 190,390 shares of the financial services provider’s stock valued at $27,482,000 after buying an additional 18,924 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of Jones Lang LaSalle by 45.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 78,702 shares of the financial services provider’s stock valued at $11,358,000 after buying an additional 24,420 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in Jones Lang LaSalle by 14,331.8% during the third quarter. Rehmann Capital Advisory Group now owns 31,317 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 31,100 shares during the last quarter. 93.87% of the stock is currently owned by hedge funds and other institutional investors.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
Recommended Story: How interest rates affect municipal bond prices
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.