Wall Street brokers expect Jones Lang LaSalle Incorporated (NYSE: JLL) to report $ 3.94 billion in revenue for the current quarter, Zacks reports. Three analysts provided earnings estimates for Jones Lang LaSalle, with estimates ranging from $ 3.46 billion to $ 4.25 billion. Jones Lang LaSalle posted sales of $ 3.67 billion in the same quarter of last year, which would indicate a positive growth rate of 7.4% year-over-year. The company is expected to release its next quarterly results on Thursday, August 5.
On average, analysts expect Jones Lang LaSalle to report annual revenue of $ 17.09 billion for the current year, with estimates ranging from $ 15.16 billion to $ 18.17 billion. billions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 18.53 billion, with estimates ranging from $ 16.31 billion to $ 19.79 billion. Zacks sales averages are an average based on a survey of research companies that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE: JLL) last released its results on Wednesday, May 5. The financial services provider reported earnings per share (EPS) of $ 2.10 for the quarter, beating the consensus estimate of $ 0.66 by $ 1.44. The company posted revenue of $ 2.13 billion in the quarter, compared to $ 2 billion according to analysts’ estimates. Jones Lang LaSalle had a return on equity of 10.66% and a net margin of 3.03%. Jones Lang LaSalle’s quarterly revenue was down 4.6% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 0.49.
Several research companies have published reports on JLL. JPMorgan Chase & Co. raised its price target for Jones Lang LaSalle from $ 200.00 to $ 219.00 and rated the stock “overweight” in a research report on Thursday, May 6. Wolfe Research began covering Jones Lang LaSalle in a research report on Monday, June 14. They set an “outperformance” rating on the stock. Finally, Raymond James increased his target price on Jones Lang LaSalle from $ 186.00 to $ 198.00 and gave the stock an “outperformance” rating in a research report published on Tuesday, April 27. One analyst rated the stock with a conservation rating, five assigned a buy rating, and one issued a strong buy rating for the stock. The stock has a consensus rating of “Buy” and an average target price of $ 170.00.
Jones Lang LaSalle stock opened at $ 194.53 on Tuesday. Jones Lang LaSalle has a 12 month low of $ 87.67 and a 12 month high of $ 212.95. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt ratio of 0.18. The company has a 50-day moving average price of $ 200.49. The stock has a market cap of $ 9.98 billion, a P / E ratio of 20.31, a price / earnings-growth ratio of 1.76, and a beta of 1.38.
In other news, CEO Richard Bloxam sold 1,500 shares in a deal dated Monday, May 17. The shares were sold at an average price of $ 200.04, for a total trade of $ 300,060.00. Following the completion of the sale, the CEO now directly owns 12,111 shares of the company, valued at $ 2,422,684.44. The transaction was disclosed in a document filed with the SEC, which can be accessed via the SEC website. In addition, insider Louis F. Bowers sold 521 shares of the company in a transaction dated Wednesday, June 16. The stock was sold for an average price of $ 206.08, for a total trade of $ 107,367.68. Disclosure of this sale can be found here. 0.62% of the shares are currently held by company insiders.
Institutional investors and hedge funds have recently changed their holdings in the company. Grant Street Asset Management Inc. purchased a new position in Jones Lang LaSalle shares during the first quarter valued at approximately $ 25,000. Arkadios Wealth Advisors purchased a new position in Jones Lang LaSalle shares during the first quarter valued at approximately $ 31,000. Regent Peak Wealth Advisors LLC purchased a new position in Jones Lang LaSalle shares during the fourth quarter valued at approximately $ 30,000. Allred Capital Management LLC purchased a new position in Jones Lang LaSalle shares during the first quarter valued at approximately $ 39,000. Finally, Advisors Asset Management Inc. purchased a new equity interest in Jones Lang LaSalle during the first quarter valued at approximately $ 40,000. Institutional investors and hedge funds hold 94.96% of the company’s shares.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated, a professional services firm, provides property and investment management services in America, Europe, Middle East, Africa and Asia Pacific. The company offers a range of real estate services, including agency rental and tenant representation services; and capital market services, such as debt placement, loan sales, equity investing, loan servicing, fund advice, mergers and acquisitions, business advice, and sales services and acquisition of investments.
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