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

Jones Lang LaSalle Incorporated (NYSE:JLL) – Investment analysts at Zacks Research raised their FY2024 EPS estimates for Jones Lang LaSalle in a research note issued to investors on Monday, January 13th. Zacks Research analyst R. Fatarpekar now forecasts that the financial services provider will earn $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 $13.37 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.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping 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 firm earned $2.01 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year.

JLL has been the subject of several other reports. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $301.57.

Jones Lang LaSalle Stock Up 0.9 %

Shares of Jones Lang LaSalle stock opened at $240.14 on Wednesday. Jones Lang LaSalle has a 12-month low of $167.11 and a 12-month high of $288.50. The stock has a market capitalization of $11.39 billion, a P/E ratio of 24.28 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $263.39 and a two-hundred day moving average price of $253.61.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of institutional investors have recently added to or reduced their stakes in JLL. Assenagon Asset Management S.A. lifted its position in shares of Jones Lang LaSalle by 264.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 95,426 shares of the financial services provider’s stock worth $24,156,000 after acquiring an additional 69,273 shares during the period. Oak Thistle LLC acquired a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $686,000. Harbor Capital Advisors Inc. boosted its stake in Jones Lang LaSalle by 2.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 26,103 shares of the financial services provider’s stock worth $6,608,000 after buying an additional 576 shares in the last quarter. Private Client Services LLC bought a new stake in Jones Lang LaSalle in the 4th quarter valued at $1,817,000. Finally, Diversified Trust Co acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $567,000. 94.80% of the stock is 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.