Jones Lang LaSalle (NYSE:JLL) Issues Earnings Results, Beats Expectations By $0.93 EPS

Jones Lang LaSalle (NYSE:JLL) issued its earnings results on Monday. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.93, RTT News reports. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS.

Jones Lang LaSalle Stock Up 0.8 %

JLL opened at $185.52 on Monday. The business has a 50 day moving average price of $186.34 and a 200 day moving average price of $173.00. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $200.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market cap of $8.81 billion, a P/E ratio of 39.81 and a beta of 1.43.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JLL. Jefferies Financial Group began coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Finally, Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $206.00.

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.