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

Jones Lang LaSalle (NYSE:JLL) announced its quarterly earnings results on Wednesday. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83, Briefing.com reports. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. Jones Lang LaSalle’s revenue was up 14.8% compared to the same quarter last year.

Jones Lang LaSalle Trading Up 1.2 %

Shares of Jones Lang LaSalle stock traded up $3.25 during midday trading on Thursday, reaching $265.34. 397,491 shares of the company’s stock traded hands, compared to its average volume of 286,775. The company has a market cap of $12.59 billion, a PE ratio of 33.06 and a beta of 1.37. The stock has a 50 day moving average of $262.45 and a 200-day moving average of $231.03. Jones Lang LaSalle has a 12 month low of $136.83 and a 12 month high of $288.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58.

Analyst Ratings Changes

A number of research analysts have recently commented on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Finally, Raymond James raised their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $246.80.

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.