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

Analysts expect that Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) will announce $4.34 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jones Lang LaSalle’s earnings, with the highest EPS estimate coming in at $4.69 and the lowest estimate coming in at $3.91. Jones Lang LaSalle reported 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 expected to announce its next earnings report 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 financial year, analysts anticipate that the business will report earnings of $21.39 per share, with EPS estimates ranging from $20.90 to $21.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last released its quarterly earnings results on Monday, May 9th. The financial services provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $1.42. Jones Lang LaSalle had a return on equity of 17.51% and a net margin of 4.99%. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the business posted $2.10 EPS. The company’s revenue was up 18.9% compared to the same quarter last year.

A number of analysts recently weighed in on JLL shares. Zacks Investment Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Monday, May 2nd. Wolfe Research reduced their target price on shares of 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. Raymond James cut their price target on shares of Jones Lang LaSalle from $329.00 to $295.00 and set an “outperform” rating on the stock in a report on Tuesday, April 26th. William Blair restated an “outperform” rating on shares of Jones Lang LaSalle in a research report on Monday, February 28th. Finally, StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $269.25.

A number of institutional investors have recently bought and sold shares of JLL. Hedeker Wealth LLC lifted its holdings in Jones Lang LaSalle by 0.5% during the fourth quarter. Hedeker Wealth LLC now owns 8,458 shares of the financial services provider’s stock worth $2,278,000 after acquiring an additional 46 shares during the period. First Bank & Trust grew its holdings in shares of Jones Lang LaSalle by 2.5% during the 1st quarter. First Bank & Trust now owns 1,941 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 48 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Jones Lang LaSalle by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 1,355 shares of the financial services provider’s stock worth $365,000 after buying an additional 52 shares during the last quarter. Convergence Investment Partners LLC lifted its position in Jones Lang LaSalle by 8.3% in the 1st quarter. Convergence Investment Partners LLC now owns 707 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 54 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Jones Lang LaSalle by 0.4% during the 1st quarter. State of Michigan Retirement System now owns 12,811 shares of the financial services provider’s stock valued at $3,068,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Shares of NYSE JLL traded down $2.19 during midday trading on Friday, hitting $186.59. 265,188 shares of the company’s stock were exchanged, compared to its average volume of 355,251. The firm’s fifty day simple moving average is $220.35 and its 200-day simple moving average is $240.96. The company has a market cap of $9.12 billion, a PE ratio of 9.61, a P/E/G ratio of 1.06 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle has a twelve month low of $182.71 and a twelve month high of $275.77.

Jones Lang LaSalle Company Profile (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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