Jones Lang LaSalle Incorporated (NYSE: JLL) is expected to report quarterly sales of $ 3.94 billion


Wall Street brokers expect Jones Lang LaSalle Incorporated (NYSE: JLL) to report $ 3.94 billion in revenue for the current quarter, Zacks reports. Three analysts provided earnings estimates for Jones Lang LaSalle, with estimates ranging from $ 3.46 billion to $ 4.25 billion. Jones Lang LaSalle posted sales of $ 3.67 billion in the same quarter of last year, which would indicate a positive growth rate of 7.4% year-over-year. The company is expected to release its next quarterly results on Thursday, August 5.

On average, analysts expect Jones Lang LaSalle to report annual revenue of $ 17.09 billion for the current year, with estimates ranging from $ 15.16 billion to $ 18.17 billion. billions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 18.53 billion, with estimates ranging from $ 16.31 billion to $ 19.79 billion. Zacks sales averages are an average based on a survey of research companies that cover Jones Lang LaSalle.

Jones Lang LaSalle (NYSE: JLL) last released its results on Wednesday, May 5. The financial services provider reported earnings per share (EPS) of $ 2.10 for the quarter, beating the consensus estimate of $ 0.66 by $ 1.44. The company posted revenue of $ 2.13 billion in the quarter, compared to $ 2 billion according to analysts’ estimates. Jones Lang LaSalle had a return on equity of 10.66% and a net margin of 3.03%. Jones Lang LaSalle’s quarterly revenue was down 4.6% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 0.49.

Several research companies have published reports on JLL. JPMorgan Chase & Co. raised its price target for Jones Lang LaSalle from $ 200.00 to $ 219.00 and rated the stock “overweight” in a research report on Thursday, May 6. Wolfe Research began covering Jones Lang LaSalle in a research report on Monday, June 14. They set an “outperformance” rating on the stock. Finally, Raymond James increased his target price on Jones Lang LaSalle from $ 186.00 to $ 198.00 and gave the stock an “outperformance” rating in a research report published on Tuesday, April 27. One analyst rated the stock with a conservation rating, five assigned a buy rating, and one issued a strong buy rating for the stock. The stock has a consensus rating of “Buy” and an average target price of $ 170.00.

Jones Lang LaSalle stock opened at $ 194.53 on Tuesday. Jones Lang LaSalle has a 12 month low of $ 87.67 and a 12 month high of $ 212.95. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt ratio of 0.18. The company has a 50-day moving average price of $ 200.49. The stock has a market cap of $ 9.98 billion, a P / E ratio of 20.31, a price / earnings-growth ratio of 1.76, and a beta of 1.38.

In other news, CEO Richard Bloxam sold 1,500 shares in a deal dated Monday, May 17. The shares were sold at an average price of $ 200.04, for a total trade of $ 300,060.00. Following the completion of the sale, the CEO now directly owns 12,111 shares of the company, valued at $ 2,422,684.44. The transaction was disclosed in a document filed with the SEC, which can be accessed via the SEC website. In addition, insider Louis F. Bowers sold 521 shares of the company in a transaction dated Wednesday, June 16. The stock was sold for an average price of $ 206.08, for a total trade of $ 107,367.68. Disclosure of this sale can be found here. 0.62% of the shares are currently held by company insiders.

Institutional investors and hedge funds have recently changed their holdings in the company. Grant Street Asset Management Inc. purchased a new position in Jones Lang LaSalle shares during the first quarter valued at approximately $ 25,000. Arkadios Wealth Advisors purchased a new position in Jones Lang LaSalle shares during the first quarter valued at approximately $ 31,000. Regent Peak Wealth Advisors LLC purchased a new position in Jones Lang LaSalle shares during the fourth quarter valued at approximately $ 30,000. Allred Capital Management LLC purchased a new position in Jones Lang LaSalle shares during the first quarter valued at approximately $ 39,000. Finally, Advisors Asset Management Inc. purchased a new equity interest in Jones Lang LaSalle during the first quarter valued at approximately $ 40,000. Institutional investors and hedge funds hold 94.96% of the company’s shares.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services firm, provides property and investment management services in America, Europe, Middle East, Africa and Asia Pacific. The company offers a range of real estate services, including agency rental and tenant representation services; and capital market services, such as debt placement, loan sales, equity investing, loan servicing, fund advice, mergers and acquisitions, business advice, and sales services and acquisition of investments.

Featured article: coverage rate

Get a free copy of Zacks’ research report on Jones Lang LaSalle (JLL)

For more information on Zacks Investment Research’s research offerings, visit

Historical and earnings estimates for Jones Lang LaSalle (NYSE: JLL)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What are Bollinger Bands?

7 stocks to buy that will benefit from inflation

There are two tales that merge when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation is going to get out of hand.

To the first point, the clear answer is absolutely. There are price increases in everything from commodities to semiconductor chips. And even if wood prices have come down, it’s a safe bet that many consumers will put off their decking projects until another day.

And, of course, inflation numbers tend to exclude gasoline and groceries – but these are precisely the areas where consumers feel inflation the most. Inflation is real.

But is it just “transient” as many analysts and the Fed itself claim? Or is this just the start of something much worse? The answer to these questions is probably above our pay level.

As an investor, the inflation story only changes when you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.

However, the first rule of investing is not to lose money, so it is important to identify companies that can provide inflation hedges – transient or not.

This is the subject of this special presentation. Today, many strong companies are profiting from rising inflation.

Check out the “7 stocks to buy that will benefit from inflation”.


Comments are closed.