Equities research analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post sales of $4.72 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Jones Lang LaSalle’s earnings. The lowest sales estimate is $4.69 billion and the highest is $4.74 billion. Jones Lang LaSalle reported sales of $2.54 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 85.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 6th.
On average, analysts expect that Jones Lang LaSalle will report full year sales of $16.09 billion for the current financial year, with estimates ranging from $16.00 billion to $16.17 billion. For the next year, analysts expect that the company will post sales of $16.90 billion, with estimates ranging from $16.70 billion to $17.10 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.71. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.12 billion. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share.
A number of analysts have recently issued reports on JLL shares. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. ValuEngine lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $179.17.
Shares of JLL opened at $140.02 on Friday. The firm has a market cap of $6.55 billion, a PE ratio of 12.86, a P/E/G ratio of 1.23 and a beta of 1.56. Jones Lang LaSalle has a 12-month low of $127.02 and a 12-month high of $178.75. The company has a quick ratio of 1.92, a current ratio of 1.89 and a debt-to-equity ratio of 0.25.
The business also recently announced a semiannual dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.41 per share. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, November 15th. Jones Lang LaSalle’s dividend payout ratio is currently 8.95%.
In related news, CEO Guy Grainger sold 200 shares of Jones Lang LaSalle stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $154.94, for a total value of $30,988.00. Following the completion of the sale, the chief executive officer now directly owns 1,341 shares in the company, valued at $207,774.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in JLL. Pinnacle Financial Partners Inc. bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $125,000. Cornerstone Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $172,000. Itau Unibanco Holding S.A. bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $183,000. CHICAGO TRUST Co NA bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $202,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $206,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.
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, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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