Analysts predict that Jones Lang LaSalle Incorporated (NYSE:JLL) will report $4.56 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with estimates ranging from $4.55 billion to $4.57 billion. Jones Lang LaSalle reported sales of $3.98 billion in the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The business is scheduled to issue its next earnings results on Monday, November 1st.
On average, analysts expect that Jones Lang LaSalle will report full year sales of $18.39 billion for the current year, with estimates ranging from $18.35 billion to $18.44 billion. For the next fiscal year, analysts expect that the firm will report sales of $19.88 billion, with estimates ranging from $19.86 billion to $19.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Jones Lang LaSalle.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 4th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $2.47. Jones Lang LaSalle had a net margin of 3.95% and a return on equity of 13.54%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 37.1% on a year-over-year basis.
NYSE JLL traded down $1.20 during trading hours on Friday, hitting $248.29. 1,977 shares of the stock were exchanged, compared to its average volume of 368,064. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.39. Jones Lang LaSalle has a 12-month low of $93.19 and a 12-month high of $253.93. The stock has a 50-day moving average of $234.74 and a 200 day moving average of $206.99. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.17.
Several large investors have recently modified their holdings of the company. Maverick Capital Ltd. acquired a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $171,688,000. Cohen & Steers Inc. boosted its holdings in shares of Jones Lang LaSalle by 29.8% during the 1st quarter. Cohen & Steers Inc. now owns 3,604,958 shares of the financial services provider’s stock worth $645,432,000 after buying an additional 828,247 shares during the period. Bessemer Group Inc. raised its stake in Jones Lang LaSalle by 26,800.2% during the 1st quarter. Bessemer Group Inc. now owns 491,735 shares of the financial services provider’s stock valued at $88,039,000 after purchasing an additional 489,907 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $82,207,000. Finally, FMR LLC raised its stake in shares of Jones Lang LaSalle by 11.2% in the 2nd quarter. FMR LLC now owns 3,129,039 shares of the financial services provider’s stock valued at $611,603,000 after buying an additional 314,147 shares in the last quarter. 94.83% of the stock is owned by institutional investors.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle, Inc engages in the provision of professional services which specializes in real estate and investment management. It operates through the following geographic segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provides leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
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