$4.75 Earnings Per Share Expected for Jones Lang LaSalle Inc (JLL) This Quarter

Equities analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post earnings per share (EPS) of $4.75 for the current quarter, Zacks reports. Two analysts have made estimates for Jones Lang LaSalle’s earnings. The lowest EPS estimate is $4.61 and the highest is $5.00. Jones Lang LaSalle posted earnings per share of $4.92 in the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The firm is scheduled to announce its next earnings report on Wednesday, February 6th.

On average, analysts expect that Jones Lang LaSalle will report full-year earnings of $10.81 per share for the current year, with EPS estimates ranging from $10.50 to $11.00. For the next fiscal year, analysts forecast that the company will report earnings of $11.01 per share, with EPS estimates ranging from $10.90 to $11.08. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company posted $1.96 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Barclays upped their price target on shares of Jones Lang LaSalle from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, November 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $172.00.

Jones Lang LaSalle stock traded up $2.01 during trading on Friday, hitting $143.20. The stock had a trading volume of 507,139 shares, compared to its average volume of 282,034. Jones Lang LaSalle has a 1 year low of $127.02 and a 1 year high of $178.75. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.19 and a beta of 1.56.

The firm also recently declared a semiannual dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.41 per share. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio is presently 8.95%.

Several hedge funds have recently made changes to their positions in the company. Royal London Asset Management Ltd. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth about $558,000. Schroder Investment Management Group bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $14,872,000. Tdam USA Inc. increased its stake in Jones Lang LaSalle by 45.8% during the 3rd quarter. Tdam USA Inc. now owns 12,031 shares of the financial services provider’s stock valued at $1,736,000 after purchasing an additional 3,782 shares in the last quarter. Northern Trust Corp increased its stake in Jones Lang LaSalle by 17.8% during the 2nd quarter. Northern Trust Corp now owns 511,716 shares of the financial services provider’s stock valued at $84,940,000 after purchasing an additional 77,229 shares in the last quarter. Finally, United Services Automobile Association increased its stake in Jones Lang LaSalle by 265.6% during the 2nd quarter. United Services Automobile Association now owns 47,488 shares of the financial services provider’s stock valued at $7,883,000 after purchasing an additional 34,499 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

Jones Lang LaSalle Company Profile

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.

Featured Article: What is Considered a Good Return on Equity (ROE)?

Get a free copy of the Zacks research report on Jones Lang LaSalle (JLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit