Jones Lang LaSalle Inc (JLL) Expected to Announce Earnings of $4.75 Per Share
Wall Street analysts expect that Jones Lang LaSalle Inc (NYSE:JLL) will announce earnings of $4.75 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Jones Lang LaSalle’s earnings. The lowest EPS estimate is $4.61 and the highest is $5.00. Jones Lang LaSalle posted earnings per share of $4.92 during the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The business is scheduled to report its next earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full-year earnings of $10.81 per share for the current financial year, with EPS estimates ranging from $10.50 to $11.00. For the next financial year, analysts expect that the firm will post earnings of $11.01 per share, with EPS estimates ranging from $10.90 to $11.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.71. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year.
Shares of NYSE:JLL traded up $5.19 on Friday, reaching $138.18. The company’s stock had a trading volume of 22,035 shares, compared to its average volume of 278,454. Jones Lang LaSalle has a 52-week low of $127.02 and a 52-week high of $178.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.12 and a beta of 1.58.
The company also recently declared a semiannual dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, November 15th. This represents a yield of 0.56%. Jones Lang LaSalle’s dividend payout ratio is currently 8.95%.
A number of hedge funds and other institutional investors have recently bought and sold shares of JLL. Pinnacle Financial Partners Inc. purchased a new position in Jones Lang LaSalle during the third quarter worth about $125,000. Csenge Advisory Group purchased a new position in Jones Lang LaSalle during the third quarter worth about $149,000. Cornerstone Wealth Management LLC purchased a new position in Jones Lang LaSalle during the second quarter worth about $172,000. Itau Unibanco Holding S.A. purchased a new position in Jones Lang LaSalle during the second quarter worth about $183,000. Finally, CHICAGO TRUST Co NA purchased a new position in Jones Lang LaSalle during the third quarter worth about $202,000. 94.15% of the stock is owned by hedge funds and other institutional investors.
About Jones Lang LaSalle
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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