Analysts Offer Predictions for Jones Lang LaSalle Inc.’s Q3 2016 Earnings (JLL)
Jones Lang LaSalle Inc. (NYSE:JLL) – Stock analysts at Wedbush issued their Q3 2016 earnings estimates for shares of Jones Lang LaSalle in a research report issued to clients and investors on Wednesday. Wedbush analyst J. Weaver anticipates that the firm will earn $2.31 per share for the quarter. Wedbush currently has a “Neutral” rating and a $126.00 price target on the stock. Wedbush also issued estimates for Jones Lang LaSalle’s Q4 2016 earnings at $4.63 EPS, Q1 2017 earnings at $1.08 EPS, Q2 2017 earnings at $2.41 EPS, Q3 2017 earnings at $2.66 EPS, Q4 2017 earnings at $4.71 EPS, FY2017 earnings at $10.86 EPS and FY2018 earnings at $10.95 EPS.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.09. Jones Lang LaSalle had a return on equity of 16.44% and a net margin of 6.50%. The company earned $1.60 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $2.05 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis.
A number of other research analysts also recently issued reports on JLL. Zacks Investment Research downgraded Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $124.00 to $129.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Barclays PLC cut their price target on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. Finally, TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $145.33.
Jones Lang LaSalle (NYSE:JLL) opened at 100.98 on Monday. Jones Lang LaSalle has a 52 week low of $90.07 and a 52 week high of $171.63. The company has a market cap of $4.56 billion, a P/E ratio of 11.18 and a beta of 1.85. The firm has a 50-day moving average price of $113.89 and a 200 day moving average price of $113.05.
Hedge funds have recently modified their holdings of the company. 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 in the last quarter. IBM Retirement Fund boosted its stake in shares of Jones Lang LaSalle by 0.3% in the second quarter. IBM Retirement Fund now owns 4,547 shares of the company’s stock worth $443,000 after buying an additional 13 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Jones Lang LaSalle by 0.6% in the second quarter. State Treasurer State of Michigan now owns 18,100 shares of the company’s stock worth $1,764,000 after buying an additional 100 shares in the last quarter. Globeflex Capital L P boosted its stake in shares of Jones Lang LaSalle by 1.0% in the second quarter. Globeflex Capital L P now owns 10,936 shares of the company’s stock worth $1,066,000 after buying an additional 105 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Jones Lang LaSalle by 2.8% in the second quarter. Franklin Resources Inc. now owns 3,805 shares of the company’s stock worth $371,000 after buying an additional 105 shares in the last quarter. 88.39% of the stock is owned by institutional investors.
In other news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the sale, the director now owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.
About Jones Lang LaSalle
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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