Q2 EPS Estimate for Jones Lang LaSalle Reduced by Analyst

Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) – Investment analysts at Zacks Research lowered their Q2 2028 EPS estimates for shares of Jones Lang LaSalle in a research note issued on Thursday, June 25th. Zacks Research analyst Team now expects that the financial services provider will earn $6.41 per share for the quarter, down from their previous forecast of $6.48. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $22.84 per share.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the company earned $2.31 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. UBS Group raised their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Barclays boosted their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Check Out Our Latest Stock Analysis on JLL

Jones Lang LaSalle Trading Up 2.9%

Shares of Jones Lang LaSalle stock opened at $319.07 on Thursday. The stock has a 50 day moving average of $306.90 and a 200 day moving average of $318.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 17.15 and a beta of 1.27. Jones Lang LaSalle has a fifty-two week low of $246.07 and a fifty-two week high of $363.06.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in Jones Lang LaSalle during the 4th quarter valued at about $29,000. Activest Wealth Management grew its position in Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth about $35,000. Finally, True Wealth Design LLC lifted its position in shares of Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

About Jones Lang LaSalle

(Get Free Report)

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

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

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