William Blair Equities Analysts Boost Earnings Estimates for Jones Lang LaSalle Incorporated (NYSE:JLL)

Jones Lang LaSalle Incorporated (NYSE:JLL) – William Blair lifted their FY2024 earnings per share (EPS) estimates for Jones Lang LaSalle in a research note issued to investors on Monday, May 6th. William Blair analyst S. Sheldon now forecasts that the financial services provider will post earnings of $11.88 per share for the year, up from their previous estimate of $11.81. 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 Q2 2025 earnings at $3.19 EPS, Q3 2025 earnings at $3.47 EPS and Q4 2025 earnings at $6.69 EPS.

Other equities analysts have also recently issued reports about the company. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday. Jefferies Financial Group started coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price on the stock. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Finally, TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $191.09 on Wednesday. The business has a 50 day moving average of $186.65 and a 200 day moving average of $174.00. The company has a market capitalization of $9.08 billion, a price-to-earnings 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 announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JLL. QRG Capital Management Inc. grew its stake in Jones Lang LaSalle by 7.2% during the 1st quarter. QRG Capital Management Inc. now owns 5,536 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 371 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Jones Lang LaSalle by 7.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 14,441 shares of the financial services provider’s stock valued at $2,817,000 after purchasing an additional 1,025 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $710,000. Illinois Municipal Retirement Fund purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $848,000. Finally, Equity Investment Corp grew its stake in Jones Lang LaSalle by 4.4% during the 1st quarter. Equity Investment Corp now owns 436,488 shares of the financial services provider’s stock valued at $85,154,000 after purchasing an additional 18,373 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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.