What is Zacks Research’s Forecast for JLL FY2024 Earnings?

Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) – Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for Jones Lang LaSalle in a report issued on Monday, January 13th. Zacks Research analyst R. Fatarpekar now anticipates that the financial services provider will post earnings of $13.43 per share for the year, up from their prior estimate of $13.41. 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 $5.60 EPS, Q4 2025 earnings at $6.44 EPS, FY2025 earnings at $15.97 EPS, Q2 2026 earnings at $4.42 EPS, Q3 2026 earnings at $4.68 EPS, Q4 2026 earnings at $6.44 EPS and FY2026 earnings at $19.13 EPS.

Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research note on Monday, November 25th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average target price of $301.57.

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Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $259.40 on Wednesday. Jones Lang LaSalle has a twelve month low of $167.11 and a twelve month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $262.47 and a two-hundred day moving average of $253.87. The stock has a market cap of $12.31 billion, a P/E ratio of 26.23 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLLGet 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, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the business earned $2.01 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JLL. Public Employees Retirement System of Ohio grew its holdings in Jones Lang LaSalle by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in Jones Lang LaSalle in the third quarter valued at $4,276,000. Diversified Trust Co acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at $567,000. Private Client Services LLC acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at $1,817,000. Finally, JPMorgan Chase & Co. grew its holdings in 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 valued at $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

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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.

Further Reading

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

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