Brokerages Expect Jones Lang LaSalle Inc (JLL) Will Post Earnings of $2.38 Per Share
Analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post earnings of $2.38 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $2.28 to $2.57. Jones Lang LaSalle posted earnings per share of $2.26 during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full-year earnings of $11.65 per share for the current fiscal year, with EPS estimates ranging from $11.15 to $12.16. For the next fiscal year, analysts forecast that the business will post earnings of $12.52 per share, with EPS estimates ranging from $11.90 to $13.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.20. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.89 billion. Jones Lang LaSalle had a return on equity of 15.36% and a net margin of 2.81%. Jones Lang LaSalle’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc raised its position in Jones Lang LaSalle by 6.6% during the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after buying an additional 432,487 shares during the period. Oregon Public Employees Retirement Fund increased its position in Jones Lang LaSalle by 15,162.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 6,303,240 shares during the last quarter. BlackRock Inc. increased its position in Jones Lang LaSalle by 2.1% in the 1st quarter. BlackRock Inc. now owns 4,854,392 shares of the financial services provider’s stock worth $748,451,000 after purchasing an additional 101,492 shares during the last quarter. AJO LP increased its position in Jones Lang LaSalle by 18.7% in the 1st quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock worth $151,344,000 after purchasing an additional 154,443 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Jones Lang LaSalle by 29.7% in the 4th quarter. APG Asset Management N.V. now owns 963,400 shares of the financial services provider’s stock worth $106,693,000 after purchasing an additional 220,600 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jones Lang LaSalle stock traded up $0.91 on Friday, reaching $136.76. 92,639 shares of the company were exchanged, compared to its average volume of 308,547. The firm has a market capitalization of $6.25 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.31 and a beta of 1.65. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.45. Jones Lang LaSalle has a fifty-two week low of $119.79 and a fifty-two week high of $174.42.
The firm also recently declared a semiannual dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 17th will be given a dividend of $0.43 per share. This represents a yield of 0.61%. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.41. The ex-dividend date is Thursday, May 16th. Jones Lang LaSalle’s payout ratio is presently 6.69%.
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, 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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