Jones Lang LaSalle (NYSE:JLL) Announces Quarterly Earnings Results, Beats Estimates By $0.61 EPS

Jones Lang LaSalle (NYSE:JLL) posted its earnings results on Wednesday. The financial services provider reported $6.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.61, FiscalAI reports. The company had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the business posted $4.50 EPS. Jones Lang LaSalle’s quarterly revenue was up 11.8% compared to the same quarter last year.

Here are the key takeaways from Jones Lang LaSalle’s conference call:

• JLL reported record third-quarter results, with revenue up 12%, adjusted EBITDA up 33%, and adjusted EPS up 52%. Management raised its full-year 2026 adjusted EPS outlook to $25.20–$26.30, implying 37% growth at the midpoint.
• Leasing Advisory growth accelerated to 27%, supported by broad-based strength in U.S. industrial, office, and data-center activity. JLL raised its full-year Leasing Advisory revenue-growth target to the high teens and cited strong pipelines and forward economic indicators.
• Capital Markets revenue increased 33%, but higher bond yields are causing some repricing, longer decision timelines, and a modest slowdown in pipeline conversion. JLL maintained its mid-teens full-year growth target while noting that fourth-quarter comparisons are particularly challenging.
• Real Estate Management Services benefited from Workplace Management growth, improved terms on retained Asia-Pacific contracts, and platform leverage. Management expects to complete the remaining contract exits by year-end, with related growth headwinds dissipating through 2027.
• JLL plans to begin a $500 million accelerated share repurchase, which management expects to complete by year-end, while retaining substantial liquidity and an active M&A pipeline. The company also expects AI, automation, and platform initiatives to contribute more than 20 basis points of annual margin expansion on average.

Jones Lang LaSalle Stock Up 10.2%

JLL stock traded up $30.50 during trading on Wednesday, hitting $330.44. 287,551 shares of the company’s stock traded hands, compared to its average volume of 435,151. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.81 and a beta of 1.30. Jones Lang LaSalle has a 52 week low of $259.83 and a 52 week high of $393.84. The stock has a fifty day moving average price of $333.42 and a two-hundred day moving average price of $324.52.

Analysts Set New Price Targets

JLL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays upped their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Finally, Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average target price of $427.60.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,000 shares of company stock valued at $2,271,060. Insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.