FY2024 Earnings Forecast for Jones Lang LaSalle Incorporated Issued By William Blair (NYSE:JLL)

Jones Lang LaSalle Incorporated (NYSE:JLL) – Investment analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Jones Lang LaSalle in a report issued on Monday, May 6th. William Blair analyst S. Sheldon now forecasts that the financial services provider will post earnings of $11.88 per share for the year, up from their prior estimate of $11.81. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $11.98 per share. William Blair also issued estimates for Jones Lang LaSalle’s Q2 2025 earnings at $3.19 EPS, Q3 2025 earnings at $3.47 EPS and Q4 2025 earnings at $6.69 EPS.

Other analysts have also recently issued research reports about the company. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Jones Lang LaSalle Stock Up 0.4 %

Shares of NYSE:JLL opened at $191.09 on Wednesday. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $200.73. The company has a market capitalization of $9.08 billion, a P/E ratio of 41.01 and a beta of 1.43. The stock’s fifty day simple moving average is $186.65 and its 200-day simple moving average is $174.00. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis.

Hedge Funds Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently made changes to their positions in JLL. QRG Capital Management Inc. lifted its holdings in Jones Lang LaSalle by 7.2% in the 1st quarter. QRG Capital Management Inc. now owns 5,536 shares of the financial services provider’s stock worth $1,080,000 after buying an additional 371 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Jones Lang LaSalle by 7.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 14,441 shares of the financial services provider’s stock worth $2,817,000 after purchasing an additional 1,025 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $710,000. Illinois Municipal Retirement Fund bought a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $848,000. Finally, Equity Investment Corp increased its position in shares of Jones Lang LaSalle by 4.4% in the 1st quarter. Equity Investment Corp now owns 436,488 shares of the financial services provider’s stock worth $85,154,000 after purchasing an additional 18,373 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.