Jones Lang LaSalle Inc (JLL) Expected to Announce Earnings of $4.75 Per Share
Analysts expect Jones Lang LaSalle Inc (NYSE:JLL) to report earnings per share (EPS) of $4.75 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Jones Lang LaSalle’s earnings. The lowest EPS estimate is $4.61 and the highest is $5.00. Jones Lang LaSalle posted earnings of $4.92 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Jones Lang LaSalle will report full year earnings of $10.91 per share for the current fiscal year, with EPS estimates ranging from $10.86 to $11.00. For the next year, analysts expect that the business will post earnings of $11.01 per share, with EPS estimates ranging from $10.90 to $11.08. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.71. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.12 billion. Jones Lang LaSalle had a return on equity of 14.87% and a net margin of 2.59%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS.
JLL traded down $4.84 during midday trading on Friday, hitting $133.40. 272,790 shares of the company were exchanged, compared to its average volume of 269,034. The company has a market capitalization of $6.30 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.16 and a beta of 1.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 1.89. Jones Lang LaSalle has a 1-year low of $127.02 and a 1-year high of $178.75.
The company also recently announced a semiannual dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.41 per share. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, November 15th. Jones Lang LaSalle’s payout ratio is currently 8.95%.
Several hedge funds have recently bought and sold shares of the company. Vident Investment Advisory LLC boosted its stake in shares of Jones Lang LaSalle by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 23,099 shares of the financial services provider’s stock worth $3,834,000 after acquiring an additional 343 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its stake in Jones Lang LaSalle by 2.4% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 16,286 shares of the financial services provider’s stock valued at $2,704,000 after buying an additional 385 shares in the last quarter. Chicago Equity Partners LLC lifted its stake in Jones Lang LaSalle by 4.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 9,040 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 395 shares in the last quarter. Virtu Financial LLC lifted its stake in Jones Lang LaSalle by 14.9% in the 3rd quarter. Virtu Financial LLC now owns 3,082 shares of the financial services provider’s stock valued at $445,000 after buying an additional 399 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Jones Lang LaSalle by 9.2% in the 3rd quarter. Toronto Dominion Bank now owns 4,942 shares of the financial services provider’s stock valued at $713,000 after buying an additional 417 shares in the last quarter. 94.15% of the stock is currently owned by institutional investors and hedge funds.
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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