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

Jones Lang LaSalle Incorporated (NYSE:JLL) – Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for 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 post earnings of $13.46 per share for the year, up from their previous estimate 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.

Several other research firms also recently commented on JLL. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price 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 shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on shares of 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. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $301.57.

Jones Lang LaSalle Stock Up 1.2 %

Shares of JLL opened at $259.40 on Friday. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 26.23 and a beta of 1.36. Jones Lang LaSalle has a 52 week low of $167.11 and a 52 week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a fifty day moving average of $262.35 and a 200-day moving average of $253.91.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data 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. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the company earned $2.01 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.

Institutional Investors Weigh In On Jones Lang LaSalle

Large investors have recently modified their holdings of the company. FMR LLC boosted its position in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after acquiring an additional 459,466 shares during the last quarter. State Street Corp boosted its position in shares of Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock valued at $384,164,000 after purchasing an additional 6,304 shares in the last quarter. Wellington Management Group LLP grew its stake in Jones Lang LaSalle by 6.3% during the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock worth $242,641,000 after purchasing an additional 53,066 shares during the period. Geode Capital Management LLC lifted its stake in Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock valued at $241,165,000 after buying an additional 3,109 shares during the period. Finally, Artemis Investment Management LLP boosted its holdings in shares of Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock worth $99,791,000 after buying an additional 62,700 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.