Analysts Expect Jones Lang LaSalle Inc (JLL) Will Post Earnings of $2.38 Per Share
Equities research analysts expect that Jones Lang LaSalle Inc (NYSE:JLL) will announce earnings of $2.38 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with the highest EPS estimate coming in at $2.57 and the lowest estimate coming in at $2.28. Jones Lang LaSalle posted earnings per share of $2.26 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.3%. The business is expected to announce its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full-year earnings of $11.65 per share for the current year, with EPS estimates ranging from $11.15 to $12.16. For the next year, analysts forecast that the company will report earnings of $12.52 per share, with EPS estimates ranging from $11.90 to $13.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.20. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. Jones Lang LaSalle had a net margin of 2.81% and a return on equity of 15.36%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share.
Shares of JLL traded up $3.67 during mid-day trading on Monday, reaching $128.12. 6,419 shares of the company’s stock were exchanged, compared to its average volume of 398,401. Jones Lang LaSalle has a 52-week low of $119.79 and a 52-week high of $174.42. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. The firm has a market cap of $5.69 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.19 and a beta of 1.73.
The company also recently declared a semiannual dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.43 per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Jones Lang LaSalle’s previous semiannual dividend of $0.41. Jones Lang LaSalle’s payout ratio is 7.02%.
Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in shares of Jones Lang LaSalle by 147.2% during the 1st quarter. Marshall Wace LLP now owns 81,569 shares of the financial services provider’s stock worth $12,576,000 after buying an additional 48,570 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Jones Lang LaSalle by 1.0% during the 1st quarter. Clearbridge Investments LLC now owns 888,782 shares of the financial services provider’s stock worth $137,032,000 after buying an additional 8,678 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Jones Lang LaSalle by 149.3% during the 1st 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 last quarter. HighTower Advisors LLC raised its stake in shares of Jones Lang LaSalle by 91.8% during the 1st quarter. HighTower Advisors LLC now owns 24,171 shares of the financial services provider’s stock worth $3,727,000 after buying an additional 11,567 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Jones Lang LaSalle by 6.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,091 shares of the financial services provider’s stock worth $476,000 after buying an additional 182 shares during the last quarter. 91.75% of the stock is owned by institutional investors and hedge funds.
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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