Jones Lang LaSalle Inc. (NYSE:JLL) – Wedbush issued their Q3 2016 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a research note issued on Wednesday. Wedbush analyst J. Weaver expects that the brokerage will post earnings per share of $2.31 for the quarter. Wedbush currently has a “Neutral” rating and a $126.00 target price on the stock. Wedbush also issued estimates for Jones Lang LaSalle’s Q4 2016 earnings at $4.63 EPS, Q1 2017 earnings at $1.08 EPS, Q2 2017 earnings at $2.41 EPS, Q3 2017 earnings at $2.66 EPS, Q4 2017 earnings at $4.71 EPS, FY2017 earnings at $10.86 EPS and FY2018 earnings at $10.95 EPS.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.09. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis.
Several other research firms have also recently issued reports on JLL. Zacks Investment Research upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Barclays PLC cut their price objective on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $145.33.
Shares of Jones Lang LaSalle (NYSE:JLL) opened at 105.85 on Monday. The firm has a market cap of $4.78 billion, a PE ratio of 11.72 and a beta of 1.85. The firm’s 50-day moving average is $114.54 and its 200 day moving average is $113.30. Jones Lang LaSalle has a 52 week low of $90.07 and a 52 week high of $171.63.
A number of hedge funds have recently bought and sold shares of the stock. Tredje AP fonden raised its stake in Jones Lang LaSalle by 566.7% in the second quarter. Tredje AP fonden now owns 1,200 shares of the company’s stock valued at $117,000 after buying an additional 1,020 shares during the period. Synovus Financial Corp raised its stake in Jones Lang LaSalle by 0.5% in the second quarter. Synovus Financial Corp now owns 1,541 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the last quarter. JNBA Financial Advisors bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $190,000. Tower Research Capital LLC TRC bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $200,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $204,000. 88.39% of the stock is currently owned by institutional investors.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the director now owns 50,416 shares of the company’s stock, valued at $5,797,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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