Jones Lang LaSalle Inc (JLL) Expected to Announce Quarterly Sales of $3.93 Billion
Analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to post sales of $3.93 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $3.85 billion to $4.01 billion. Jones Lang LaSalle posted sales of $1.95 billion in the same quarter last year, which suggests a positive year over year growth rate of 101.5%. The business is expected to issue its next earnings results before the market opens on Tuesday, November 6th.
On average, analysts expect that Jones Lang LaSalle will report full-year sales of $16.12 billion for the current year, with estimates ranging from $16.00 billion to $16.23 billion. For the next fiscal year, analysts forecast that the company will report sales of $16.98 billion, with estimates ranging from $16.86 billion to $17.10 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business posted $2.17 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis.
NYSE JLL traded up $1.30 during trading on Wednesday, hitting $133.02. 183,297 shares of the company’s stock traded hands, compared to its average volume of 359,000. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle has a 12-month low of $125.02 and a 12-month high of $178.75. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.17 and a beta of 1.62.
In other Jones Lang LaSalle news, CEO Guy Grainger sold 200 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $154.94, for a total transaction of $30,988.00. Following the completion of the sale, the chief executive officer now directly owns 1,341 shares in the company, valued at $207,774.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.63% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $172,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $183,000. CHICAGO TRUST Co NA purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth about $202,000. IFM Investors Pty Ltd purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $206,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $207,000. Institutional investors and hedge funds own 93.50% of the company’s stock.
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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