Analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post $0.56 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $0.48 to $0.65. Jones Lang LaSalle reported earnings per share of $0.45 during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.4%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, May 8th.
On average, analysts expect that Jones Lang LaSalle will report full year earnings of $9.95 per share for the current fiscal year, with EPS estimates ranging from $9.35 to $10.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $10.62 per share, with EPS estimates ranging from $10.20 to $10.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, beating the Zacks’ consensus estimate of $4.22 by $0.70. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.29 billion. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. Jones Lang LaSalle’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.95 EPS.
JLL stock traded down $1.69 during midday trading on Friday, reaching $171.81. 241,883 shares of the company’s stock traded hands, compared to its average volume of 382,853. The firm has a market capitalization of $7,878.48, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.59 and a beta of 1.65. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Jones Lang LaSalle has a 52 week low of $105.13 and a 52 week high of $178.75.
In other news, EVP Mark Ohringer sold 5,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $160.13, for a total value of $800,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.
Several large investors have recently modified their holdings of JLL. Capital Growth Management LP purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth about $46,168,000. BlackRock Inc. boosted its holdings in shares of Jones Lang LaSalle by 4.7% in the 4th quarter. BlackRock Inc. now owns 4,460,055 shares of the financial services provider’s stock worth $664,236,000 after buying an additional 202,060 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth about $22,347,000. Paloma Partners Management Co boosted its holdings in shares of Jones Lang LaSalle by 7,640.6% in the 4th quarter. Paloma Partners Management Co now owns 139,873 shares of the financial services provider’s stock worth $20,832,000 after buying an additional 138,066 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth about $19,543,000. 92.23% of the stock is currently owned by institutional investors.
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About Jones Lang LaSalle
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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