Jones Lang LaSalle Inc (JLL) Expected to Announce Quarterly Sales of $3.71 Billion

Analysts predict that Jones Lang LaSalle Inc (NYSE:JLL) will post $3.71 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $3.63 billion to $3.80 billion. Jones Lang LaSalle posted sales of $3.56 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is scheduled to issue its next earnings results on Tuesday, May 14th.

On average, analysts expect that Jones Lang LaSalle will report full year sales of $17.00 billion for the current financial year, with estimates ranging from $16.70 billion to $17.31 billion. For the next fiscal year, analysts forecast that the company will report sales of $17.92 billion, with estimates ranging from $17.62 billion to $18.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, February 12th. The financial services provider reported $5.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $1.25. Jones Lang LaSalle had a return on equity of 15.80% and a net margin of 2.97%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business earned $4.92 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year.

Several research analysts have issued reports on the company. Barclays reaffirmed a “buy” rating and set a $184.00 price objective on shares of Jones Lang LaSalle in a report on Tuesday, February 26th. ValuEngine downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. JMP Securities reissued a “hold” rating on shares of Jones Lang LaSalle in a research note on Sunday, February 17th. William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, February 12th. Finally, Raymond James increased their price target on Jones Lang LaSalle from $178.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $172.20.

NYSE:JLL traded down $1.61 during trading hours on Thursday, hitting $153.95. 350,846 shares of the stock were exchanged, compared to its average volume of 310,198. Jones Lang LaSalle has a twelve month low of $119.79 and a twelve month high of $177.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.47 and a beta of 1.68.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Jones Lang LaSalle by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after buying an additional 432,487 shares during the period. Vanguard Group Inc raised its stake in Jones Lang LaSalle by 6.6% during the 3rd quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock worth $1,005,173,000 after buying an additional 432,487 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Jones Lang LaSalle by 15,162.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 6,303,240 shares in the last quarter. BlackRock Inc. increased its holdings in Jones Lang LaSalle by 0.8% during the 4th quarter. BlackRock Inc. now owns 4,752,900 shares of the financial services provider’s stock worth $601,717,000 after purchasing an additional 39,648 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in Jones Lang LaSalle by 29.7% during the 4th quarter. APG Asset Management N.V. now owns 963,400 shares of the financial services provider’s stock worth $106,693,000 after purchasing an additional 220,600 shares in the last quarter. 92.17% of the stock is currently 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, 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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Earnings History and Estimates for Jones Lang LaSalle (NYSE:JLL)

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