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 brokerages have recently issued reports on JLL. Barclays reaffirmed a “buy” rating and set a $181.00 target price on shares of Jones Lang LaSalle in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 17th. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday. JMP Securities reissued a “hold” rating on shares of Jones Lang LaSalle in a research report on Sunday, February 17th. Finally, ValuEngine lowered Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Jones Lang LaSalle has an average rating of “Hold” and a consensus target price of $177.83.

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.

Recommended Story: Cryptocurrencies

Get a free copy of the Zacks research report on Jones Lang LaSalle (JLL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.