Jones Lang LaSalle (NYSE:JLL) Announces Quarterly Earnings Results, Beats Expectations By $0.83 EPS

Jones Lang LaSalle (NYSE:JLL) announced its quarterly earnings data on Wednesday. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83, Briefing.com reports. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year.

Jones Lang LaSalle Stock Performance

NYSE JLL traded up $3.25 during trading hours on Thursday, hitting $265.34. The company’s stock had a trading volume of 397,491 shares, compared to its average volume of 286,775. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The company has a market cap of $12.59 billion, a P/E ratio of 33.06 and a beta of 1.37. The company’s 50 day simple moving average is $262.45 and its two-hundred day simple moving average is $231.03. Jones Lang LaSalle has a 12 month low of $136.83 and a 12 month high of $288.50.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JLL shares. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $246.80.

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.