Jones Lang LaSalle Incorporated (NYSE:JLL) to Post Q2 2024 Earnings of $2.10 Per Share, William Blair Forecasts

Jones Lang LaSalle Incorporated (NYSE:JLL) – Investment analysts at William Blair decreased their Q2 2024 earnings per share estimates for shares of Jones Lang LaSalle in a research note issued to investors on Monday, May 6th. William Blair analyst S. Sheldon now anticipates that the financial services provider will earn $2.10 per share for the quarter, down from their previous estimate of $2.35. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $11.98 per share. William Blair also issued estimates for Jones Lang LaSalle’s Q3 2024 earnings at $2.35 EPS, Q4 2024 earnings at $5.65 EPS, Q1 2025 earnings at $2.15 EPS and FY2025 earnings at $15.49 EPS.

Several other equities analysts have also recently commented on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Finally, Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $214.00.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $191.09 on Thursday. The firm has a fifty day moving average of $186.65 and a two-hundred day moving average of $174.00. The firm has a market cap of $9.08 billion, a P/E ratio of 41.01 and a beta of 1.43. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $200.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company posted $0.65 EPS. Jones Lang LaSalle’s revenue for the quarter was up 8.7% on a year-over-year basis.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds have recently made changes to their positions in JLL. Raymond James & Associates grew its stake in shares of Jones Lang LaSalle by 7.2% in the third quarter. Raymond James & Associates now owns 79,465 shares of the financial services provider’s stock worth $11,219,000 after purchasing an additional 5,308 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Jones Lang LaSalle by 4.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,612 shares of the financial services provider’s stock valued at $2,204,000 after acquiring an additional 722 shares during the period. Mackenzie Financial Corp bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $220,000. Strs Ohio lifted its position in Jones Lang LaSalle by 15.2% in the third quarter. Strs Ohio now owns 11,059 shares of the financial services provider’s stock worth $1,561,000 after purchasing an additional 1,461 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Jones Lang LaSalle by 253.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,968 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 1,411 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.