Brokerages Expect Jones Lang LaSalle Inc (JLL) Will Post Quarterly Sales of $3.93 Billion

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Brokerages expect Jones Lang LaSalle Inc (NYSE:JLL) to report sales of $3.93 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Jones Lang LaSalle’s earnings. The lowest sales estimate is $3.85 billion and the highest is $4.01 billion. Jones Lang LaSalle posted sales of $1.95 billion during the same quarter last year, which would indicate a positive year over year growth rate of 101.5%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Jones Lang LaSalle will report full-year sales of $16.12 billion for the current financial year, with estimates ranging from $16.00 billion to $16.23 billion. For the next year, analysts anticipate that the firm will report sales of $16.98 billion, with estimates ranging from $16.86 billion to $17.10 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm earned $2.17 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis.

A number of brokerages have weighed in on JLL. 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 downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $179.17.

In other news, CEO Guy Grainger sold 200 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $154.94, for a total transaction of $30,988.00. Following the sale, the chief executive officer now owns 1,341 shares in the company, valued at $207,774.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.63% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vident Investment Advisory LLC grew its holdings in shares of Jones Lang LaSalle by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 23,099 shares of the financial services provider’s stock valued at $3,834,000 after buying an additional 343 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its holdings in Jones Lang LaSalle by 2.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 16,286 shares of the financial services provider’s stock worth $2,704,000 after purchasing an additional 385 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Jones Lang LaSalle by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the financial services provider’s stock worth $2,042,000 after purchasing an additional 400 shares during the last quarter. Bank of Montreal Can boosted its holdings in Jones Lang LaSalle by 1.2% in the third quarter. Bank of Montreal Can now owns 35,288 shares of the financial services provider’s stock worth $5,092,000 after purchasing an additional 418 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Jones Lang LaSalle by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 47,458 shares of the financial services provider’s stock worth $7,878,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Shares of NYSE JLL traded up $1.30 on Wednesday, reaching $133.02. 183,297 shares of the company’s stock traded hands, compared to its average volume of 359,000. Jones Lang LaSalle has a 12 month low of $125.02 and a 12 month high of $178.75. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.17 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92.

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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