Zacks Research Issues Pessimistic Estimate for JLL Earnings

Jones Lang LaSalle Incorporated (NYSE:JLL) – Zacks Research dropped their Q2 2028 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a note issued to investors on Thursday, June 25th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $6.41 for the quarter, down from their prior forecast of $6.48. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $22.84 per share.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 EPS.

Several other research analysts also recently weighed in on the stock. Barclays upped their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, UBS Group increased their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Stock Performance

JLL opened at $319.07 on Thursday. The firm’s fifty day simple moving average is $306.90 and its two-hundred day simple moving average is $318.75. Jones Lang LaSalle has a 52-week low of $246.07 and a 52-week high of $363.06. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 17.15 and a beta of 1.27. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director directly owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Hedge funds have recently bought and sold shares of the business. M&T Bank Corp grew its position in shares of Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC lifted its position in Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after buying an additional 728,824 shares in the last quarter. Norges Bank acquired a new position in Jones Lang LaSalle during the fourth quarter worth $194,950,000. Eurizon Capital SGR S.p.A. purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at $132,263,000. Finally, Millennium Management LLC grew its holdings in Jones Lang LaSalle by 4,285.3% in the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after buying an additional 342,821 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.