Jones Lang LaSalle (NYSE:JLL) Posts Earnings Results, Beats Expectations By $0.93 EPS

Jones Lang LaSalle (NYSE:JLL - Get Free Report) posted its quarterly earnings results on Monday. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.93, RTT News reports. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis.

Jones Lang LaSalle Trading Up 3.2 %

NYSE:JLL traded up $5.89 during mid-day trading on Monday, hitting $191.41. 565,387 shares of the company's stock were exchanged, compared to its average volume of 273,207. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle has a fifty-two week low of $119.46 and a fifty-two week high of $200.73. The company has a 50 day simple moving average of $186.34 and a 200-day simple moving average of $173.00. The firm has a market capitalization of $9.09 billion, a P/E ratio of 41.08 and a beta of 1.43.

Analyst Ratings Changes

JLL has been the topic of a number of research reports. TheStreet raised Jones Lang LaSalle from a "c+" rating to a "b-" rating in a report on Wednesday, February 14th. Jefferies Financial Group started coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a "buy" rating and a $246.00 price objective for the company. Wolfe Research reiterated a "peer perform" rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. StockNews.com raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Wednesday, February 28th. Finally, Raymond James upgraded shares of Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.