Equities research analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to report sales of $4.42 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with the lowest sales estimate coming in at $4.37 billion and the highest estimate coming in at $4.47 billion. Jones Lang LaSalle reported sales of $3.97 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is scheduled to issue its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that Jones Lang LaSalle will report full year sales of $17.93 billion for the current year, with estimates ranging from $17.90 billion to $17.96 billion. For the next fiscal year, analysts forecast that the business will post sales of $19.33 billion, with estimates ranging from $19.27 billion to $19.38 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.61. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $2.26 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of JLL. Summit Global Investments bought a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $7,335,000. Covington Capital Management boosted its position in shares of Jones Lang LaSalle by 32.4% in the second quarter. Covington Capital Management now owns 331 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 81 shares during the period. Zacks Investment Management boosted its position in shares of Jones Lang LaSalle by 5.5% in the second quarter. Zacks Investment Management now owns 15,804 shares of the financial services provider’s stock valued at $2,223,000 after acquiring an additional 830 shares during the period. Advisors Capital Management LLC bought a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $283,000. 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 valued at $39,224,000 after acquiring an additional 142,801 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
Shares of Jones Lang LaSalle stock traded up $5.00 during trading hours on Tuesday, reaching $133.42. The company’s stock had a trading volume of 9,600 shares, compared to its average volume of 374,242. Jones Lang LaSalle has a one year low of $119.79 and a one year high of $173.32. The company has a market capitalization of $6.65 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.28 and a beta of 1.75. The stock’s fifty day simple moving average is $140.44 and its two-hundred day simple moving average is $146.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95.
About Jones Lang LaSalle
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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