Wall Street analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post sales of $4.72 billion 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 company is scheduled 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 financial year, analysts anticipate that the company will report sales of $16.90 billion, with estimates ranging from $16.70 billion to $17.10 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the firm earned $1.96 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $4,097,000. Clearbridge Investments LLC boosted its position in Jones Lang LaSalle by 3.2% in the 3rd quarter. Clearbridge Investments LLC now owns 889,876 shares of the financial services provider’s stock valued at $128,427,000 after buying an additional 27,957 shares during the period. Vanguard Group Inc. boosted its position in Jones Lang LaSalle by 6.6% in the 3rd 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. Legal & General Group Plc boosted its position in Jones Lang LaSalle by 5.5% in the 3rd quarter. Legal & General Group Plc now owns 97,864 shares of the financial services provider’s stock valued at $14,123,000 after buying an additional 5,126 shares during the period. Finally, Kepos Capital LP boosted its position in Jones Lang LaSalle by 10.3% in the 3rd quarter. Kepos Capital LP now owns 43,671 shares of the financial services provider’s stock valued at $6,303,000 after buying an additional 4,073 shares during the period. 94.15% of the stock is owned by institutional investors.
Jones Lang LaSalle stock traded down $4.84 during trading on Monday, hitting $133.40. The company had a trading volume of 272,790 shares, compared to its average volume of 269,034. Jones Lang LaSalle has a 1-year low of $127.02 and a 1-year 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 company has a market capitalization of $6.30 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.58.
The firm also recently declared a semiannual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 16th will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a yield of 0.56%. Jones Lang LaSalle’s dividend payout ratio is presently 8.95%.
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, 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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