Zacks Research Has Bullish Estimate for JLL FY2024 Earnings

Jones Lang LaSalle Incorporated (NYSE:JLL) – Zacks Research increased their FY2024 earnings estimates for shares of Jones Lang LaSalle in a research report issued on Wednesday, January 15th. Zacks Research analyst R. Fatarpekar now expects that the financial services provider will earn $13.46 per share for the year, up from their prior 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.

A number of other brokerages have also commented on JLL. Wolfe Research raised shares of 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 note on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, 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 target price on the stock. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Trading Up 0.8 %

JLL opened at $261.62 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a fifty-two week low of $168.13 and a fifty-two week high of $288.50. The company’s 50 day moving average price is $262.20 and its two-hundred day moving average price is $254.35. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 26.45 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 EPS.

Institutional Trading of Jones Lang LaSalle

Several large investors have recently modified their holdings of JLL. Public Employees Retirement System of Ohio lifted its holdings in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Dorsey Wright & Associates bought a new position in Jones Lang LaSalle in the 3rd quarter valued at about $4,276,000. Diversified Trust Co acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $567,000. Private Client Services LLC bought a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $1,817,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Jones Lang LaSalle by 39.1% in the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock worth $53,073,000 after purchasing an additional 55,322 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

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.