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.
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.
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