Jones Lang LaSalle Incorporated (NYSE:JLL) – Stock analysts at William Blair lowered their Q1 2018 earnings estimates for Jones Lang LaSalle in a report issued on Tuesday. William Blair analyst B. Dobell now anticipates that the financial services provider will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.70. William Blair also issued estimates for Jones Lang LaSalle’s Q2 2018 earnings at $1.89 EPS, Q3 2018 earnings at $2.00 EPS, Q4 2018 earnings at $4.49 EPS and FY2018 earnings at $8.86 EPS.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Monday, November 6th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.41. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company earned $1.42 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 14.2% compared to the same quarter last year.
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Shares of Jones Lang LaSalle (NYSE JLL) opened at $145.76 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. Jones Lang LaSalle has a 1-year low of $92.26 and a 1-year high of $146.96. The stock has a market capitalization of $6,612.55, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.61 and a beta of 1.85.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.37 per share. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. This represents a yield of 0.52%. The ex-dividend date is Wednesday, November 15th. Jones Lang LaSalle’s dividend payout ratio (DPR) is 9.38%.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total transaction of $123,070.00. Following the transaction, the director now directly owns 46,417 shares in the company, valued at $5,712,540.19. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of JLL. Mckinley Capital Management LLC Delaware bought a new position in shares of Jones Lang LaSalle in the second quarter worth about $105,000. IFP Advisors Inc increased its stake in shares of Jones Lang LaSalle by 0.7% in the second quarter. IFP Advisors Inc now owns 910 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 6 shares during the period. Schroder Investment Management Group increased its stake in shares of Jones Lang LaSalle by 406.9% in the second quarter. Schroder Investment Management Group now owns 1,100 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 883 shares during the period. Shine Investment Advisory Services Inc. bought a new position in shares of Jones Lang LaSalle in the second quarter worth about $147,000. Finally, Commonwealth Bank of Australia increased its stake in shares of Jones Lang LaSalle by 3.7% in the second quarter. Commonwealth Bank of Australia now owns 1,237 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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