William Blair Weighs in on Jones Lang LaSalle Inc.’s Q3 2016 Earnings (JLL)
Jones Lang LaSalle Inc. (NYSE:JLL) – Investment analysts at William Blair dropped their Q3 2016 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a report issued on Sunday. William Blair analyst B. Dobell now expects that the brokerage will post earnings of $1.93 per share for the quarter, down from their prior forecast of $2.09.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.09. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The business earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $2.05 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis.
JLL has been the topic of a number of other reports. TheStreet raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Wedbush assumed coverage on shares of Jones Lang LaSalle in a research note on Wednesday, October 5th. They set a “neutral” rating and a $126.00 price target on the stock. Finally, Barclays PLC lowered their price target on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a research note on Thursday, August 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $145.33.
Shares of Jones Lang LaSalle (NYSE:JLL) opened at 102.14 on Wednesday. Jones Lang LaSalle has a 12 month low of $90.07 and a 12 month high of $171.63. The firm has a market capitalization of $4.61 billion, a PE ratio of 11.30 and a beta of 1.85. The firm’s 50 day moving average is $113.12 and its 200-day moving average is $112.90.
A number of large investors have recently modified their holdings of JLL. Tredje AP fonden boosted its stake in shares of Jones Lang LaSalle by 566.7% in the second quarter. Tredje AP fonden now owns 1,200 shares of the company’s stock worth $117,000 after buying an additional 1,020 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Jones Lang LaSalle by 0.5% in the second quarter. Synovus Financial Corp now owns 1,541 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the last quarter. JNBA Financial Advisors acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth approximately $190,000. Tower Research Capital LLC TRC acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth approximately $200,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth approximately $204,000. 88.39% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the director now directly owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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