Trade Report: The Analysts Offer Predictions for Jones Lang LaSalle Inc.’s Q3 2016 Earnings (JLL)

The Analysts Offer Predictions for Jones Lang LaSalle Inc.’s Q3 2016 Earnings (JLL)

Jones Lang LaSalle Inc. (NYSE:JLL) – Wedbush issued their Q3 2016 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a research note issued on Wednesday. Wedbush analyst J. Weaver expects that the brokerage will post earnings per share of $2.31 for the quarter. Wedbush currently has a “Neutral” rating and a $126.00 target price on the stock. Wedbush also issued estimates for Jones Lang LaSalle’s Q4 2016 earnings at $4.63 EPS, Q1 2017 earnings at $1.08 EPS, Q2 2017 earnings at $2.41 EPS, Q3 2017 earnings at $2.66 EPS, Q4 2017 earnings at $4.71 EPS, FY2017 earnings at $10.86 EPS and FY2018 earnings at $10.95 EPS.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.09. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis.

Several other research firms have also recently issued reports on JLL. Zacks Investment Research upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Barclays PLC cut their price objective on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $145.33.

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Shares of Jones Lang LaSalle (NYSE:JLL) opened at 105.85 on Monday. The firm has a market cap of $4.78 billion, a PE ratio of 11.72 and a beta of 1.85. The firm’s 50-day moving average is $114.54 and its 200 day moving average is $113.30. Jones Lang LaSalle has a 52 week low of $90.07 and a 52 week high of $171.63.

A number of hedge funds have recently bought and sold shares of the stock. Tredje AP fonden raised its stake in Jones Lang LaSalle by 566.7% in the second quarter. Tredje AP fonden now owns 1,200 shares of the company’s stock valued at $117,000 after buying an additional 1,020 shares during the period. Synovus Financial Corp raised its stake in Jones Lang LaSalle by 0.5% in the second quarter. Synovus Financial Corp now owns 1,541 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the last quarter. JNBA Financial Advisors bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $190,000. Tower Research Capital LLC TRC bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $200,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $204,000. 88.39% of the stock is currently owned by institutional investors.

In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the director now owns 50,416 shares of the company’s stock, valued at $5,797,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

Jones Lang LaSalle Company Profile

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