Jones Lang LaSalle (NYSE:JLL) Releases Quarterly Earnings Results, Beats Estimates By $0.39 EPS

Jones Lang LaSalle (NYSE:JLL) released its quarterly earnings results on Wednesday. The financial services provider reported $6.15 EPS for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39, Zacks reports. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period last year, the firm earned $4.23 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Jones Lang LaSalle Stock Down 2.0 %

JLL stock traded down $5.68 during midday trading on Thursday, reaching $273.59. 13,498 shares of the company’s stock traded hands, compared to its average volume of 330,263. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 27.70 and a beta of 1.36. The firm’s fifty day moving average price is $265.28 and its 200-day moving average price is $262.62. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 52 week low of $171.45 and a 52 week high of $288.50.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $309.00.

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.