Jones Lang LaSalle Inc. Forecasted to Post FY2016 Earnings of $8.92 Per Share (JLL)
Jones Lang LaSalle Inc. (NYSE:JLL) – William Blair cut their FY2016 EPS estimates for Jones Lang LaSalle in a research note issued to investors on Sunday. William Blair analyst B. Dobell now forecasts that the firm will post earnings per share of $8.92 for the year, down from their prior forecast of $9.13. William Blair also issued estimates for Jones Lang LaSalle’s Q4 2016 earnings at $4.25 EPS and FY2017 earnings at $9.52 EPS.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year.
A number of other brokerages also recently issued reports on JLL. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Barclays PLC cut their price objective on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Wedbush started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, October 5th. They set a “neutral” rating and a $126.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, TheStreet raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research 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 stock. Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $145.33.
Shares of Jones Lang LaSalle (NYSE:JLL) traded down 0.95% on Tuesday, hitting $102.32. The stock had a trading volume of 62,288 shares. The company has a 50 day moving average price of $113.81 and a 200-day moving average price of $112.98. Jones Lang LaSalle has a 12 month low of $90.07 and a 12 month high of $171.63. The stock has a market cap of $4.62 billion, a PE ratio of 11.32 and a beta of 1.85.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in JLL. Tredje AP fonden boosted 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 last quarter. 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 valued at $148,000 after buying an additional 8 shares during the last quarter. JNBA Financial Advisors bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $190,000. Tower Research Capital LLC TRC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $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 approximately $204,000. Institutional investors and hedge funds own 88.39% of the company’s stock.
Jones Lang LaSalle Company Profile
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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