Brokerages Expect Jones Lang LaSalle Inc (NYSE:JLL) Will Post Quarterly Sales of $4.42 Billion

Wall Street brokerages forecast that Jones Lang LaSalle Inc (NYSE:JLL) will report sales of $4.42 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $4.37 billion to $4.47 billion. Jones Lang LaSalle posted sales of $3.97 billion in the same quarter last year, which would indicate a positive year over year growth rate of 11.3%. The firm is expected to issue its next quarterly earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Jones Lang LaSalle will report full-year sales of $17.93 billion for the current year, with estimates ranging from $17.90 billion to $17.96 billion. For the next fiscal year, analysts forecast that the business will report sales of $19.33 billion, with estimates ranging from $19.27 billion to $19.38 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Jones Lang LaSalle.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.61. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business posted $2.26 EPS. The business’s revenue was up 8.5% compared to the same quarter last year.

JLL has been the topic of a number of research analyst reports. UBS Group increased their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Monday, August 12th. DA Davidson initiated coverage on Jones Lang LaSalle in a research note on Thursday, July 11th. They issued a “buy” rating on the stock. ValuEngine cut Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, JPMorgan Chase & Co. initiated coverage on Jones Lang LaSalle in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Jones Lang LaSalle currently has an average rating of “Hold” and an average target price of $173.91.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in Jones Lang LaSalle in the 2nd quarter valued at $25,000. Cullen Frost Bankers Inc. grew its holdings in Jones Lang LaSalle by 9,100.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 184 shares of the financial services provider’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Advisory Services Network LLC grew its holdings in Jones Lang LaSalle by 268.5% in the 2nd quarter. Advisory Services Network LLC now owns 199 shares of the financial services provider’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at $35,000. Finally, Parallel Advisors LLC grew its holdings in Jones Lang LaSalle by 62.2% in the 1st quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock valued at $36,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

JLL traded up $4.41 during trading hours on Tuesday, reaching $132.83. The company’s stock had a trading volume of 270,900 shares, compared to its average volume of 398,461. Jones Lang LaSalle has a 52 week low of $119.79 and a 52 week high of $173.32. The company’s 50-day moving average is $140.35 and its 200-day moving average is $146.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $6.62 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.75.

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

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