Analysts Anticipate Jones Lang LaSalle Inc (JLL) Will Announce Quarterly Sales of $4.72 Billion

Brokerages expect Jones Lang LaSalle Inc (NYSE:JLL) to announce $4.72 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with the highest sales estimate coming in at $4.74 billion and the lowest estimate coming in at $4.69 billion. Jones Lang LaSalle posted sales of $2.54 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 85.8%. The firm is expected to announce its next earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Jones Lang LaSalle will report full year sales of $16.09 billion for the current financial year, with estimates ranging from $16.00 billion to $16.17 billion. For the next year, analysts expect that the company will post sales of $16.90 billion, with estimates ranging from $16.70 billion to $17.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly 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 return on equity of 14.87% and a net margin of 2.59%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business posted $1.96 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.8% on a year-over-year basis.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $179.17.

Shares of NYSE JLL opened at $140.02 on Friday. Jones Lang LaSalle has a 52-week low of $127.02 and a 52-week high of $178.75. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.23 and a beta of 1.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.92 and a current ratio of 1.89.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.41 per share. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, November 15th. Jones Lang LaSalle’s payout ratio is currently 8.95%.

In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $154.94, for a total transaction of $30,988.00. Following the sale, the chief executive officer now owns 1,341 shares in the company, valued at $207,774.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.63% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Financial Partners Inc. acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $125,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $183,000. IFM Investors Pty Ltd acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $206,000. Eqis Capital Management Inc. acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $207,000. Finally, Manning & Napier Group LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $215,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.

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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