Brokerages expect Jones Lang LaSalle Inc (NYSE:JLL) to post sales of $1.74 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Jones Lang LaSalle’s earnings, with the highest sales estimate coming in at $1.78 billion and the lowest estimate coming in at $1.70 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 firm is expected to report its next earnings report before the market opens on Tuesday, May 8th.
On average, 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 forecast that the company will post sales of $9.01 billion per share, with estimates ranging from $8.76 billion to $9.26 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $3.95 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis.
In other news, EVP Mark Ohringer sold 5,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $160.13, for a total value of $800,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in Jones Lang LaSalle by 814.6% during the fourth quarter. Advisory Services Network LLC now owns 814 shares of the financial services provider’s stock valued at $121,000 after buying an additional 725 shares in the last quarter. Levin Capital Strategies L.P. bought a new position in Jones Lang LaSalle during the fourth quarter valued at about $223,000. TradeLink Capital LLC bought a new position in Jones Lang LaSalle during the fourth quarter valued at about $238,000. Magnetar Financial LLC bought a new position in Jones Lang LaSalle during the third quarter valued at about $233,000. Finally, Highland Capital Management LP bought a new position in Jones Lang LaSalle during the fourth quarter valued at about $298,000. 92.23% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE JLL opened at $173.50 on Tuesday. Jones Lang LaSalle has a 1-year low of $104.21 and a 1-year high of $178.75. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7,881.20, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.59 and a beta of 1.65.
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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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