$1.74 Billion in Sales Expected for Jones Lang LaSalle Inc (JLL) This Quarter
Wall Street analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post $1.74 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Jones Lang LaSalle’s earnings. The highest sales estimate is $1.78 billion and the lowest is $1.71 billion. Jones Lang LaSalle reported sales of $1.62 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The company is expected to issue its next quarterly earnings results on Friday, May 4th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full year sales of $1.74 billion for the current financial year, with estimates ranging from $8.28 billion to $8.63 billion. For the next financial year, analysts anticipate that the firm will post sales of $9.02 billion per share, with estimates ranging from $8.76 billion to $9.29 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $3.95 EPS. Jones Lang LaSalle’s revenue for the quarter was up 17.5% compared to the same quarter last year.
Shares of Jones Lang LaSalle (NYSE:JLL) traded up $1.37 during trading on Friday, reaching $160.81. The company had a trading volume of 227,925 shares, compared to its average volume of 293,131. Jones Lang LaSalle has a 1-year low of $101.83 and a 1-year high of $162.66. The firm has a market cap of $7,179.50, a price-to-earnings ratio of 17.29, a PEG ratio of 1.46 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.34.
In other Jones Lang LaSalle news, Director Martin H. Nesbitt sold 6,701 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the transaction, the director now owns 35 shares of the company’s stock, valued at approximately $5,226.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its holdings in shares of Jones Lang LaSalle by 32.5% during the 3rd quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock worth $980,000 after acquiring an additional 1,945 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Jones Lang LaSalle by 3.2% during the 3rd quarter. California Public Employees Retirement System now owns 122,140 shares of the financial services provider’s stock worth $15,084,000 after acquiring an additional 3,840 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Jones Lang LaSalle by 51.5% during the 3rd quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock worth $42,575,000 after acquiring an additional 117,160 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Jones Lang LaSalle by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock worth $75,070,000 after acquiring an additional 12,871 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Jones Lang LaSalle by 31.7% during the 3rd quarter. Sei Investments Co. now owns 20,364 shares of the financial services provider’s stock worth $2,516,000 after acquiring an additional 4,907 shares during the last quarter. 92.40% of the stock is currently owned by institutional investors and hedge funds.
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Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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