Analysts expect that Jones Lang LaSalle Inc (NYSE:JLL) will post $3.90 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Jones Lang LaSalle’s earnings, with the highest sales estimate coming in at $4.20 billion and the lowest estimate coming in at $3.60 billion. Jones Lang LaSalle reported sales of $3.82 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The business is scheduled to issue its next earnings results on Tuesday, May 5th.

According to Zacks, analysts expect that Jones Lang LaSalle will report full year sales of $18.22 billion for the current year, with estimates ranging from $16.49 billion to $19.18 billion. For the next year, analysts anticipate that the business will report sales of $19.22 billion, with estimates ranging from $17.49 billion to $20.17 billion. Zacks Investment Research’s sales 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 posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $6.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.82 by $0.53. Jones Lang LaSalle had a net margin of 2.64% and a return on equity of 15.64%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the firm posted $5.99 earnings per share. Jones Lang LaSalle’s revenue was up 12.5% on a year-over-year basis.

Several equities analysts have recently issued reports on JLL shares. Bank of America cut shares of Jones Lang LaSalle from a “buy” rating to an “underperform” rating in a research note on Friday, January 3rd. ValuEngine raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Jones Lang LaSalle currently has a consensus rating of “Hold” and an average target price of $176.75.

In related news, CEO Jeff A. Jacobson sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $169.35, for a total transaction of $1,693,500.00. Following the completion of the sale, the chief executive officer now owns 7,124 shares in the company, valued at $1,206,449.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC lifted its stake in Jones Lang LaSalle by 1.9% in the fourth quarter. Cerebellum GP LLC now owns 3,200 shares of the financial services provider’s stock valued at $557,000 after buying an additional 59 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Jones Lang LaSalle by 3.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,137 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 70 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 0.6% in the 4th quarter. ProShare Advisors LLC now owns 14,731 shares of the financial services provider’s stock worth $2,565,000 after purchasing an additional 81 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Jones Lang LaSalle by 45.8% in the 4th quarter. Huntington National Bank now owns 309 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 97 shares in the last quarter. Finally, Trust Co. of Oklahoma lifted its holdings in shares of Jones Lang LaSalle by 2.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 4,030 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Shares of Jones Lang LaSalle stock traded up $1.23 during trading hours on Tuesday, reaching $171.34. The company’s stock had a trading volume of 300,849 shares, compared to its average volume of 259,650. The company’s 50 day simple moving average is $171.74 and its 200 day simple moving average is $154.26. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.05 and a current ratio of 2.05. Jones Lang LaSalle has a one year low of $124.01 and a one year high of $178.55. The stock has a market cap of $8.73 billion, a P/E ratio of 17.66 and a beta of 1.80.

Jones Lang LaSalle announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Jones Lang LaSalle Company Profile

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, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Earnings History and Estimates for Jones Lang LaSalle (NYSE:JLL)

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