Jones Lang LaSalle Inc. (JLL) to Post Q3 2016 Earnings of $1.93 Per Share, William Blair Forecasts
Jones Lang LaSalle Inc. (NYSE:JLL) – Investment analysts at William Blair dropped their Q3 2016 earnings per share estimates for Jones Lang LaSalle in a report released on Sunday. William Blair analyst B. Dobell now expects that the firm will post earnings of $1.93 per share for the quarter, down from their previous forecast of $2.09.
Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data 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 return on equity of 16.44% and a net margin of 6.50%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year.
A number of other equities research analysts also recently commented on the company. TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Zacks Investment Research downgraded Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Wedbush started coverage on Jones Lang LaSalle in a research report on Wednesday, October 5th. They issued a “neutral” rating and a $126.00 target price on the stock. Barclays PLC reduced their target price on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a research report on Thursday, August 18th. Finally, Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $124.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $145.33.
Shares of Jones Lang LaSalle (NYSE:JLL) traded up 1.52% during midday trading on Wednesday, reaching $102.51. The company’s stock had a trading volume of 268,397 shares. Jones Lang LaSalle has a 12-month low of $90.07 and a 12-month high of $171.63. The stock’s 50-day moving average price is $113.89 and its 200-day moving average price is $113.05. The company has a market cap of $4.63 billion, a P/E ratio of 11.35 and a beta of 1.85.
A number of large investors have recently modified their holdings of the company. Tredje AP fonden increased 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 valued at $117,000 after buying an additional 1,020 shares during the period. Synovus Financial Corp increased 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 valued at $148,000 after buying an additional 8 shares during the period. JNBA Financial Advisors bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at $190,000. Tower Research Capital LLC TRC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at $200,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at $204,000. Institutional investors own 88.39% of the company’s stock.
In related news, Director Sheila A. Penrose sold 1,000 shares of the business’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 sale, the director now owns 50,416 shares in the company, valued at approximately $5,797,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by corporate 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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