Jones Lang LaSalle (NYSE:JLL) Announces Earnings Results, Beats Estimates By $0.83 EPS

Jones Lang LaSalle (NYSE:JLL) issued its quarterly earnings results on Wednesday. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83, Briefing.com reports. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.01 earnings per share.

Jones Lang LaSalle Price Performance

JLL traded up $3.25 on Thursday, reaching $265.34. 397,491 shares of the company’s stock were exchanged, compared to its average volume of 286,775. The stock has a market cap of $12.59 billion, a PE ratio of 33.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle has a twelve month low of $136.83 and a twelve month high of $288.50. The stock’s fifty day moving average price is $262.45 and its 200-day moving average price is $231.03.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JLL. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James lifted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $246.80.

About Jones Lang LaSalle

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.