Jones Lang LaSalle Incorporated Expected to Post Q2 2024 Earnings of $2.10 Per Share (NYSE:JLL)

Jones Lang LaSalle Incorporated (NYSE:JLL) – Investment analysts at William Blair reduced their Q2 2024 earnings estimates for shares of Jones Lang LaSalle in a research report issued to clients and investors on Monday, May 6th. William Blair analyst S. Sheldon now expects that the financial services provider will post earnings of $2.10 per share for the quarter, down from their previous estimate of $2.35. 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 Q3 2024 earnings at $2.35 EPS, Q4 2024 earnings at $5.65 EPS, Q1 2025 earnings at $2.15 EPS and FY2025 earnings at $15.49 EPS.

A number of other brokerages have also issued reports on JLL. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Jones Lang LaSalle Trading Up 0.4 %

Shares of JLL stock opened at $191.09 on Thursday. The company has a 50-day moving average of $186.65 and a two-hundred day moving average of $174.00. The firm has a market cap of $9.08 billion, a PE ratio of 41.01 and a beta of 1.43. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $200.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

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

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the 1st quarter valued at about $30,000. Atlas Capital Advisors LLC purchased a new position in Jones Lang LaSalle in the first quarter valued at approximately $35,000. Riverview Trust Co acquired a new stake in Jones Lang LaSalle during the first quarter worth approximately $38,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $47,000. Finally, GAMMA Investing LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $71,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

About Jones Lang LaSalle

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.