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

Jones Lang LaSalle (NYSE:JLL) released its quarterly earnings data on Wednesday. The financial services provider reported $3.50 earnings per share 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 analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 earnings per share.

Jones Lang LaSalle Stock Up 1.2 %

Shares of NYSE JLL traded up $3.25 on Friday, hitting $268.69. The company had a trading volume of 32,822 shares, compared to its average volume of 285,511. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle has a 12-month low of $136.83 and a 12-month high of $288.50. The business has a 50 day moving average of $262.71 and a two-hundred day moving average of $231.27. The firm has a market capitalization of $12.75 billion, a P/E ratio of 26.83 and a beta of 1.37.

Analysts Set New Price Targets

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