Jones Lang LaSalle (NYSE:JLL) Releases Quarterly Earnings Results

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Jones Lang LaSalle (NYSE:JLL) announced its quarterly earnings results on Tuesday. The financial services provider reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.79, Briefing.com reports. Jones Lang LaSalle had a return on equity of 15.64% and a net margin of 2.64%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the company earned $3.02 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year.

Shares of NYSE:JLL traded down $0.29 during mid-day trading on Friday, reaching $161.59. 92,917 shares of the stock were exchanged, compared to its average volume of 245,549. The company has a quick ratio of 1.95, a current ratio of 2.05 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.33 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.48 and a beta of 1.74. Jones Lang LaSalle has a one year low of $119.79 and a one year high of $173.32. The stock’s 50 day simple moving average is $141.98 and its 200-day simple moving average is $139.40.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Jones Lang LaSalle’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.06%. Jones Lang LaSalle’s dividend payout ratio (DPR) is presently 7.02%.

Jones Lang LaSalle declared that its board has initiated a share buyback program on Tuesday, November 5th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Several brokerages have issued reports on JLL. UBS Group increased their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. began coverage on Jones Lang LaSalle in a report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 price target for the company. DA Davidson began coverage on Jones Lang LaSalle in a report on Thursday, July 11th. They issued a “buy” rating for the company. Finally, Barclays set a $179.00 price target on Jones Lang LaSalle and gave the stock a “buy” rating in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $173.69.

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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Earnings History for Jones Lang LaSalle (NYSE:JLL)

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