Wall Street analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to report $4.75 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Jones Lang LaSalle’s earnings. The highest EPS estimate is $5.00 and the lowest is $4.61. Jones Lang LaSalle posted earnings per share of $4.92 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The business is expected to report its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Jones Lang LaSalle will report full year earnings of $10.91 per share for the current financial year, with EPS estimates ranging from $10.86 to $11.00. For the next financial year, analysts forecast that the business will report earnings of $11.01 per share, with EPS estimates ranging from $10.90 to $11.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.71. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share.
A number of research firms have recently commented on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. ValuEngine raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, Barclays lifted 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $172.00.
A number of hedge funds have recently made changes to their positions in the stock. Vident Investment Advisory LLC increased its position in Jones Lang LaSalle by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 23,099 shares of the financial services provider’s stock worth $3,834,000 after acquiring an additional 343 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in Jones Lang LaSalle by 2.4% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 16,286 shares of the financial services provider’s stock worth $2,704,000 after acquiring an additional 385 shares during the period. Chicago Equity Partners LLC increased its position in Jones Lang LaSalle by 4.6% during the third quarter. Chicago Equity Partners LLC now owns 9,040 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 395 shares during the period. Virtu Financial LLC increased its position in Jones Lang LaSalle by 14.9% during the third quarter. Virtu Financial LLC now owns 3,082 shares of the financial services provider’s stock worth $445,000 after acquiring an additional 399 shares during the period. Finally, Toronto Dominion Bank increased its position in Jones Lang LaSalle by 9.2% during the third quarter. Toronto Dominion Bank now owns 4,942 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 417 shares during the period. 94.15% of the stock is currently owned by institutional investors and hedge funds.
NYSE JLL traded down $4.84 during trading on Friday, reaching $133.40. The company’s stock had a trading volume of 272,790 shares, compared to its average volume of 269,034. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6.30 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.58. Jones Lang LaSalle has a 1-year low of $127.02 and a 1-year high of $178.75.
The business also recently announced a semiannual dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be given a dividend of $0.41 per share. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 8.95%.
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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