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%.
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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