$2.73 EPS Expected for Jones Lang LaSalle Inc (NYSE:JLL) This Quarter
Wall Street brokerages forecast that Jones Lang LaSalle Inc (NYSE:JLL) will announce $2.73 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $2.71 to $2.75. Jones Lang LaSalle posted earnings of $3.02 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The firm is scheduled to announce its next earnings report on Tuesday, November 5th.
On average, analysts expect that Jones Lang LaSalle will report full year earnings of $12.13 per share for the current financial year, with EPS estimates ranging from $11.86 to $12.40. For the next financial year, analysts expect that the business will report earnings of $13.15 per share, with EPS estimates ranging from $12.72 to $13.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.61. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.26 earnings per share.
A number of hedge funds have recently bought and sold shares of JLL. Long Pond Capital LP purchased a new stake in Jones Lang LaSalle during the second quarter valued at about $72,297,000. Nordea Investment Management AB boosted its position in shares of Jones Lang LaSalle by 149.3% in the first quarter. Nordea Investment Management AB now owns 287,715 shares of the financial services provider’s stock worth $44,359,000 after buying an additional 172,284 shares during the period. AJO LP boosted its position in shares of Jones Lang LaSalle by 18.7% in the first quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock worth $151,344,000 after buying an additional 154,443 shares during the period. Balyasny Asset Management LLC boosted its position in shares of Jones Lang LaSalle by 1,491.8% in the second quarter. Balyasny Asset Management LLC now owns 159,589 shares of the financial services provider’s stock worth $22,453,000 after buying an additional 149,563 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Jones Lang LaSalle by 105.0% in the second quarter. Nuveen Asset Management LLC now owns 278,798 shares of the financial services provider’s stock worth $39,224,000 after buying an additional 142,801 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.
Jones Lang LaSalle stock traded up $4.41 during trading on Friday, hitting $132.83. The company’s stock had a trading volume of 270,900 shares, compared to its average volume of 398,461. The stock’s fifty day moving average is $140.35 and its 200 day moving average is $146.33. Jones Lang LaSalle has a 1-year low of $119.79 and a 1-year high of $173.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.18 and a beta of 1.75.
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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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