Brokerages expect that Jones Lang LaSalle Incorporated (NYSE:JLL) will report sales of $5.42 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with the lowest sales estimate coming in at $5.39 billion and the highest estimate coming in at $5.45 billion. Jones Lang LaSalle posted sales of $4.85 billion during the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The company is expected to issue its next quarterly earnings results on Tuesday, February 8th.
On average, analysts expect that Jones Lang LaSalle will report full-year sales of $18.84 billion for the current fiscal year, with estimates ranging from $18.81 billion to $18.87 billion. For the next year, analysts forecast that the firm will post sales of $20.40 billion, with estimates ranging from $20.32 billion to $20.49 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 3rd. The financial services provider reported $4.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.50 by $1.06. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.59 billion. Jones Lang LaSalle had a net margin of 4.33% and a return on equity of 14.54%. Jones Lang LaSalle’s revenue was up 34.1% compared to the same quarter last year. During the same period last year, the company posted $2.99 earnings per share.
Several institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. increased its stake in shares of Jones Lang LaSalle by 372.0% during the third quarter. First Mercantile Trust Co. now owns 623 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 491 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Jones Lang LaSalle by 3.7% during the third quarter. Captrust Financial Advisors now owns 2,861 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 103 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at about $50,704,000. Squarepoint Ops LLC grew its stake in Jones Lang LaSalle by 20.0% during the 3rd quarter. Squarepoint Ops LLC now owns 32,836 shares of the financial services provider’s stock valued at $8,146,000 after acquiring an additional 5,470 shares in the last quarter. Finally, TownSquare Capital LLC grew its stake in Jones Lang LaSalle by 37.4% during the 3rd quarter. TownSquare Capital LLC now owns 5,125 shares of the financial services provider’s stock valued at $1,272,000 after acquiring an additional 1,396 shares in the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.
NYSE JLL traded up $4.29 on Friday, hitting $265.15. The stock had a trading volume of 188,247 shares, compared to its average volume of 342,831. The business’s fifty day moving average price is $256.38 and its 200 day moving average price is $230.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.57 and a quick ratio of 2.57. Jones Lang LaSalle has a 52-week low of $131.91 and a 52-week high of $273.19. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle, Inc engages in the provision of professional services which specializes in real estate and investment management. It operates through the following geographic segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provides leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
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