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

Jones Lang LaSalle (NYSE:JLL) posted its quarterly earnings results on Wednesday. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39, Zacks reports. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted $4.23 EPS.

Jones Lang LaSalle Price Performance

JLL stock traded down $6.95 during trading on Friday, hitting $265.34. 51,570 shares of the stock traded hands, compared to its average volume of 331,925. Jones Lang LaSalle has a one year low of $171.45 and a one year high of $288.50. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 23.50 and a beta of 1.36. The company has a 50 day simple moving average of $265.23 and a 200 day simple moving average of $262.68. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JLL shares. The Goldman Sachs Group started 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. Raymond James lifted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price 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.