Jones Lang LaSalle (NYSE:JLL) Posts Quarterly Earnings Results, Beats Expectations By $0.53 EPS

Jones Lang LaSalle (NYSE:JLL) posted its earnings results on Tuesday. The financial services provider reported $6.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.82 by $0.53, RTT News reports. Jones Lang LaSalle had a return on equity of 15.64% and a net margin of 2.64%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business earned $5.99 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis.

JLL stock traded down $0.13 during trading on Friday, hitting $169.98. The company had a trading volume of 37,521 shares, compared to its average volume of 258,277. The firm has a market cap of $8.73 billion, a PE ratio of 17.52 and a beta of 1.80. Jones Lang LaSalle has a 1-year low of $124.01 and a 1-year high of $178.55. The firm has a 50-day moving average price of $171.74 and a 200-day moving average price of $154.26. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.49.

In related news, CEO Jeff A. Jacobson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $169.35, for a total value of $1,693,500.00. Following the transaction, the chief executive officer now owns 7,124 shares in the company, valued at approximately $1,206,449.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Several research firms have recently weighed in on JLL. ValuEngine raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded Jones Lang LaSalle from a “buy” rating to an “underperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $176.75.

Jones Lang LaSalle declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 5th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Earnings History for Jones Lang LaSalle (NYSE:JLL)

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