Zacks: Brokerages Anticipate Jones Lang LaSalle Incorporated (NYSE:JLL) Will Post Earnings of $4.34 Per Share

Equities analysts expect that Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) will announce $4.34 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $3.91 to $4.69. Jones Lang LaSalle posted earnings of $4.20 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Jones Lang LaSalle will report full-year earnings of $19.84 per share for the current year, with EPS estimates ranging from $19.39 to $20.62. For the next year, analysts expect that the company will report earnings of $21.39 per share, with EPS estimates ranging from $20.90 to $21.69. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last announced its earnings results on Monday, May 9th. The financial services provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $1.42. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Jones Lang LaSalle had a return on equity of 17.51% and a net margin of 4.99%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS.

Several analysts have issued reports on JLL shares. Wolfe Research dropped their target price on Jones Lang LaSalle from $461.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, March 10th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Tuesday, April 5th. They issued a “sell” rating and a $217.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research report on Monday, February 28th. Zacks Investment Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Monday, May 2nd. Finally, Raymond James lowered their price objective on Jones Lang LaSalle from $329.00 to $295.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus target price of $269.25.

Shares of NYSE JLL opened at $189.71 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.27 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.26. The stock’s fifty day simple moving average is $219.67 and its two-hundred day simple moving average is $240.09. Jones Lang LaSalle has a 12-month low of $182.71 and a 12-month high of $275.77.

Hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC raised its stake in shares of Jones Lang LaSalle by 19.3% during the 1st quarter. Neuberger Berman Group LLC now owns 4,873 shares of the financial services provider’s stock valued at $1,167,000 after buying an additional 787 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Jones Lang LaSalle by 32.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,973 shares of the financial services provider’s stock valued at $472,000 after buying an additional 480 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Jones Lang LaSalle by 243.7% during the 1st quarter. Beacon Pointe Advisors LLC now owns 4,348 shares of the financial services provider’s stock valued at $1,041,000 after buying an additional 3,083 shares during the last quarter. Quantamental Technologies LLC raised its stake in shares of Jones Lang LaSalle by 72.4% during the 1st quarter. Quantamental Technologies LLC now owns 1,758 shares of the financial services provider’s stock valued at $421,000 after buying an additional 738 shares during the last quarter. Finally, Delphia USA Inc. raised its stake in shares of Jones Lang LaSalle by 127.5% during the 1st quarter. Delphia USA Inc. now owns 1,831 shares of the financial services provider’s stock valued at $438,000 after buying an additional 1,026 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

About Jones Lang LaSalle (Get Rating)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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