Jones Lang LaSalle (JLL) Announces Earnings Results, Beats Estimates By $0.71 EPS

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Jones Lang LaSalle (NYSE:JLL) announced its quarterly earnings data on Tuesday. The financial services provider reported $3.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.71, MarketWatch Earnings reports. Jones Lang LaSalle had a return on equity of 13.84% and a net margin of 2.62%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.8% on a year-over-year basis.

Shares of JLL stock opened at $142.68 on Wednesday. Jones Lang LaSalle has a 1-year low of $127.02 and a 1-year high of $178.75. The firm has a market cap of $6.26 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.56. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.31.

The firm also recently disclosed a dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio is presently 8.95%.

In related news, CEO Guy Grainger sold 200 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $154.94, for a total transaction of $30,988.00. Following the transaction, the chief executive officer now owns 1,341 shares of the company’s stock, valued at $207,774.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JLL. American Century Companies Inc. boosted its position in Jones Lang LaSalle by 233.6% during the second quarter. American Century Companies Inc. now owns 280,550 shares of the financial services provider’s stock worth $46,568,000 after purchasing an additional 196,456 shares in the last quarter. Janus Henderson Group PLC boosted its position in Jones Lang LaSalle by 28.3% during the second quarter. Janus Henderson Group PLC now owns 880,093 shares of the financial services provider’s stock worth $146,087,000 after purchasing an additional 194,296 shares in the last quarter. Wells Fargo & Company MN boosted its position in Jones Lang LaSalle by 153.8% during the second quarter. Wells Fargo & Company MN now owns 267,364 shares of the financial services provider’s stock worth $44,380,000 after purchasing an additional 162,016 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Jones Lang LaSalle by 32.4% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 657,544 shares of the financial services provider’s stock worth $94,896,000 after purchasing an additional 161,059 shares in the last quarter. Finally, Morgan Stanley boosted its position in Jones Lang LaSalle by 73.0% during the second quarter. Morgan Stanley now owns 363,459 shares of the financial services provider’s stock worth $60,330,000 after purchasing an additional 153,317 shares in the last quarter. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jones Lang LaSalle currently has a consensus rating of “Hold” and a consensus price target of $179.17.

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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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Earnings History for Jones Lang LaSalle (NYSE:JLL)

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