Jones Lang LaSalle Incorporated to Post Q2 2024 Earnings of $2.10 Per Share, William Blair Forecasts (NYSE:JLL)

Jones Lang LaSalle Incorporated (NYSE:JLL) – William Blair reduced their Q2 2024 earnings estimates for shares of Jones Lang LaSalle in a research report issued to clients and investors on Monday, May 6th. William Blair analyst S. Sheldon now forecasts that the financial services provider will earn $2.10 per share for the quarter, down from their prior estimate of $2.35. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $11.98 per share. William Blair also issued estimates for Jones Lang LaSalle’s Q3 2024 earnings at $2.35 EPS, Q4 2024 earnings at $5.65 EPS, Q1 2025 earnings at $2.15 EPS and FY2025 earnings at $15.49 EPS.

Several other research firms also recently commented on JLL. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Jones Lang LaSalle Stock Up 1.5 %

Jones Lang LaSalle stock opened at $193.91 on Thursday. The company has a market capitalization of $9.21 billion, a PE ratio of 41.61 and a beta of 1.43. The firm’s fifty day moving average is $186.72 and its 200 day moving average is $174.14. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle has a 12-month low of $119.46 and a 12-month high of $200.73.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.93. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. Jones Lang LaSalle’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors have recently bought and sold shares of JLL. Tributary Capital Management LLC increased its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock worth $822,000 after acquiring an additional 83 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Jones Lang LaSalle by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock valued at $1,289,000 after buying an additional 96 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Jones Lang LaSalle by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 20,816 shares of the financial services provider’s stock valued at $2,939,000 after acquiring an additional 110 shares during the period. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the first quarter valued at $30,000. Finally, Mackenzie Financial Corp grew its holdings in Jones Lang LaSalle by 9.6% during the 4th quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors 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.