Jones Lang LaSalle (NYSE:JLL) Announces Quarterly Earnings Results

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, beating analysts’ consensus estimates of $2.67 by $0.83, Briefing.com reports. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.01 EPS.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded up $3.25 during midday trading on Thursday, hitting $265.34. 397,491 shares of the company were exchanged, compared to its average volume of 286,775. The business has a fifty day simple moving average of $262.45 and a two-hundred day simple moving average of $231.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a market capitalization of $12.59 billion, a PE ratio of 33.06 and a beta of 1.37. Jones Lang LaSalle has a fifty-two week low of $136.83 and a fifty-two week high of $288.50.

Wall Street Analyst Weigh In

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