Jones Lang LaSalle (NYSE:JLL) Issues Earnings Results

Jones Lang LaSalle (NYSE:JLL) issued its quarterly earnings results on Monday. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.93, RTT News reports. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the business earned $0.65 EPS. Jones Lang LaSalle’s quarterly revenue was up 8.7% compared to the same quarter last year.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $191.41 on Tuesday. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 41.08 and a beta of 1.43. The stock has a 50 day moving average price of $186.47 and a 200-day moving average price of $173.43. Jones Lang LaSalle has a one year low of $119.46 and a one year high of $200.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94.

Wall Street Analyst Weigh In

JLL has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price objective on the stock. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Finally, TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.00.

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.