Brokerages Anticipate Jones Lang LaSalle Incorporated (NYSE:JLL) Will Announce Earnings of $6.49 Per Share

Brokerages expect Jones Lang LaSalle Incorporated (NYSE:JLL) to report earnings of $6.49 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with the lowest EPS estimate coming in at $5.67 and the highest estimate coming in at $7.08. Jones Lang LaSalle posted earnings per share of $5.29 during the same quarter last year, which would indicate a positive year over year growth rate of 22.7%. The company is scheduled to report its next earnings report on Tuesday, February 8th.

On average, analysts expect that Jones Lang LaSalle will report full-year earnings of $16.13 per share for the current financial year, with EPS estimates ranging from $14.30 to $17.56. For the next fiscal year, analysts expect that the company will report earnings of $17.24 per share, with EPS estimates ranging from $14.55 to $18.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 3rd. The financial services provider reported $4.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $1.06. Jones Lang LaSalle had a net margin of 4.33% and a return on equity of 14.54%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the company earned $2.99 EPS. Jones Lang LaSalle’s revenue was up 34.1% compared to the same quarter last year.

Several analysts have recently weighed in on JLL shares. Raymond James increased their price target on shares of Jones Lang LaSalle from $282.00 to $302.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th. Zacks Investment Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $268.00 price target for the company. in a research note on Tuesday, October 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $244.00.

NYSE JLL traded up $4.29 during trading hours on Thursday, hitting $265.15. 188,247 shares of the company’s stock traded hands, compared to its average volume of 342,831. Jones Lang LaSalle has a 52-week low of $131.91 and a 52-week high of $273.19. The company has a market capitalization of $13.38 billion, a PE ratio of 17.49, a PEG ratio of 1.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.57 and a quick ratio of 2.57. The firm’s 50-day moving average is $256.38 and its 200-day moving average is $230.24.

Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,338 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 44 shares during the last quarter. Buckingham Strategic Wealth LLC lifted its holdings in shares of Jones Lang LaSalle by 4.0% in the 3rd quarter. Buckingham Strategic Wealth LLC now owns 1,364 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 52 shares during the last quarter. Signaturefd LLC lifted its holdings in Jones Lang LaSalle by 41.5% during the 3rd quarter. Signaturefd LLC now owns 191 shares of the financial services provider’s stock worth $47,000 after buying an additional 56 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Jones Lang LaSalle by 5.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,110 shares of the financial services provider’s stock worth $275,000 after buying an additional 59 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in Jones Lang LaSalle by 4.6% during the 3rd quarter. Greenleaf Trust now owns 1,587 shares of the financial services provider’s stock worth $394,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle, Inc engages in the provision of professional services which specializes in real estate and investment management. It operates through the following geographic segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provides leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.

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Earnings History and Estimates for Jones Lang LaSalle (NYSE:JLL)

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