Jones Lang LaSalle Incorporated to Post Q3 2024 Earnings of $2.20 Per Share, William Blair Forecasts (NYSE:JLL)

Jones Lang LaSalle Incorporated (NYSE:JLL) – Analysts at William Blair reduced their Q3 2024 EPS estimates for Jones Lang LaSalle in a research report issued to clients and investors on Tuesday, August 6th. William Blair analyst S. Sheldon now anticipates that the financial services provider will post earnings of $2.20 per share for the quarter, down from their previous forecast of $2.35. The consensus estimate for Jones Lang LaSalle’s current full-year earnings is $12.40 per share. William Blair also issued estimates for Jones Lang LaSalle’s Q4 2024 earnings at $5.55 EPS, FY2024 earnings at $12.08 EPS, Q3 2025 earnings at $3.39 EPS and FY2025 earnings at $15.55 EPS.

Other research analysts have also issued reports about the company. UBS Group upped their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Raymond James raised their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.33.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded down $1.22 on Thursday, hitting $238.20. The stock had a trading volume of 203,092 shares, compared to its average volume of 286,495. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 38.30 and a beta of 1.38. The business’s 50 day moving average is $218.29 and its two-hundred day moving average is $197.81. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $254.67.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $97,222,000. Swedbank AB acquired a new stake in Jones Lang LaSalle in the first quarter valued at approximately $97,018,000. EdgePoint Investment Group Inc. grew its stake in shares of Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after buying an additional 443,992 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after acquiring an additional 270,404 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Jones Lang LaSalle by 3,097.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after acquiring an additional 187,196 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.