Jones Lang LaSalle (NYSE:JLL) Releases Earnings Results, Beats Estimates By $0.93 EPS

Jones Lang LaSalle (NYSE:JLL) issued its earnings results on Monday. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93, RTT News reports. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the firm posted $0.65 EPS. Jones Lang LaSalle’s quarterly revenue was up 8.7% compared to the same quarter last year.

Jones Lang LaSalle Stock Down 0.4 %

Shares of JLL opened at $190.39 on Wednesday. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 40.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The business’s fifty day moving average price is $186.54 and its two-hundred day moving average price is $173.88. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $200.73.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target on the stock. Finally, Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $206.00.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.