Q3 2023 Earnings Estimate for Jones Lang LaSalle Incorporated (NYSE:JLL) Issued By William Blair

Jones Lang LaSalle Incorporated (NYSE:JLLGet Rating) – Equities research analysts at William Blair increased their Q3 2023 earnings per share (EPS) estimates for Jones Lang LaSalle in a research note issued on Wednesday, August 3rd. William Blair analyst S. Sheldon now forecasts that the financial services provider will post earnings of $5.55 per share for the quarter, up from their previous estimate of $5.33. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $19.02 per share. William Blair also issued estimates for Jones Lang LaSalle’s FY2023 earnings at $22.08 EPS.

Jones Lang LaSalle (NYSE:JLLGet Rating) last posted its earnings results on Monday, May 9th. The financial services provider reported $3.47 earnings per share for the quarter, topping the consensus estimate of $2.05 by $1.42. Jones Lang LaSalle had a return on equity of 17.38% and a net margin of 4.77%. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis.

Other analysts also recently issued research reports about the company. Raymond James lifted their price target on Jones Lang LaSalle from $280.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $279.67.

Jones Lang LaSalle Stock Performance

JLL opened at $174.80 on Friday. The business’s 50-day moving average price is $178.76 and its two-hundred day moving average price is $210.78. Jones Lang LaSalle has a 1 year low of $154.63 and a 1 year high of $275.77. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 8.97 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 2.23.

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versor Investments LP bought a new position in Jones Lang LaSalle during the fourth quarter worth about $423,000. Goldman Sachs Group Inc. grew its holdings in Jones Lang LaSalle by 8.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 321,110 shares of the financial services provider’s stock worth $86,488,000 after purchasing an additional 26,161 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Jones Lang LaSalle by 15.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,582 shares of the financial services provider’s stock worth $1,773,000 after purchasing an additional 867 shares during the period. Savant Capital LLC grew its holdings in Jones Lang LaSalle by 9.9% during the fourth quarter. Savant Capital LLC now owns 1,158 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 104 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP grew its holdings in Jones Lang LaSalle by 3.5% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 29,683 shares of the financial services provider’s stock worth $7,108,000 after purchasing an additional 992 shares during the period. Institutional investors and hedge funds own 95.21% of the company’s stock.

About Jones Lang LaSalle

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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

See Also

Earnings History and Estimates for Jones Lang LaSalle (NYSE:JLL)

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