Wall Street analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to report earnings of $5.73 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with the lowest EPS estimate coming in at $5.31 and the highest estimate coming in at $5.90. Jones Lang LaSalle reported earnings of $5.99 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.3%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full-year earnings of $13.18 per share for the current year, with EPS estimates ranging from $12.67 to $13.61. For the next fiscal year, analysts expect that the firm will report earnings of $13.67 per share, with EPS estimates ranging from $13.40 to $14.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.73 by $0.79. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Jones Lang LaSalle had a net margin of 2.64% and a return on equity of 15.64%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company posted $3.02 EPS.
Shares of NYSE:JLL traded up $1.15 during mid-day trading on Tuesday, reaching $169.65. 251,836 shares of the company were exchanged, compared to its average volume of 299,913. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 13.85 and a beta of 1.77. The firm’s 50-day simple moving average is $157.79 and its 200 day simple moving average is $141.97. Jones Lang LaSalle has a 1 year low of $119.79 and a 1 year high of $173.32.
Jones Lang LaSalle declared that its Board of Directors has approved a stock buyback plan on Tuesday, November 5th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, November 14th. This is a boost from Jones Lang LaSalle’s previous quarterly dividend of $0.41. Jones Lang LaSalle’s dividend payout ratio (DPR) is currently 7.02%.
In other Jones Lang LaSalle news, CEO Jeff A. Jacobson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $169.35, for a total value of $1,693,500.00. Following the completion of the transaction, the chief executive officer now owns 7,124 shares of the company’s stock, valued at approximately $1,206,449.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of Jones Lang LaSalle by 85.5% during the 3rd quarter. First Trust Advisors LP now owns 110,596 shares of the financial services provider’s stock worth $15,379,000 after purchasing an additional 50,986 shares during the last quarter. Morgan Stanley lifted its position in shares of Jones Lang LaSalle by 62.7% during the 2nd quarter. Morgan Stanley now owns 58,637 shares of the financial services provider’s stock worth $8,250,000 after purchasing an additional 22,604 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Jones Lang LaSalle by 15.5% during the 3rd quarter. Retirement Systems of Alabama now owns 121,517 shares of the financial services provider’s stock worth $16,898,000 after purchasing an additional 16,280 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $7,335,000. Finally, Victory Capital Management Inc. lifted its position in shares of Jones Lang LaSalle by 15.6% during the 2nd quarter. Victory Capital Management Inc. now owns 18,313 shares of the financial services provider’s stock worth $2,576,000 after purchasing an additional 2,477 shares during the last quarter. 89.85% 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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