Zacks Research Has Positive Outlook of JLL FY2024 Earnings

Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) - Equities research analysts at Zacks Research increased their FY2024 earnings estimates for Jones Lang LaSalle in a note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Fatarpekar now anticipates that the financial services provider will post earnings per share of $13.46 for the year, up from their previous forecast of $13.43. The consensus estimate for Jones Lang LaSalle's current full-year earnings is $13.60 per share. Zacks Research also issued estimates for Jones Lang LaSalle's Q4 2024 earnings at $5.63 EPS, Q1 2025 earnings at $2.07 EPS, Q2 2025 earnings at $3.23 EPS, Q3 2025 earnings at $4.25 EPS, Q4 2025 earnings at $6.52 EPS, FY2025 earnings at $16.07 EPS, Q1 2026 earnings at $3.60 EPS, Q3 2026 earnings at $4.74 EPS, Q4 2026 earnings at $6.50 EPS and FY2026 earnings at $19.25 EPS.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus price target of $301.57.

Jones Lang LaSalle Trading Up 0.8 %

JLL stock traded up $2.11 during midday trading on Friday, reaching $261.62. The company's stock had a trading volume of 156,597 shares, compared to its average volume of 300,254. Jones Lang LaSalle has a 1 year low of $168.13 and a 1 year high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 26.45 and a beta of 1.36. The stock has a fifty day simple moving average of $262.35 and a two-hundred day simple moving average of $253.91.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. raised its holdings in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after buying an additional 105 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at $37,000. Massmutual Trust Co. FSB ADV grew its stake in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

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.