Jones Lang LaSalle Incorporated (NYSE:JLL):
JLL Announces Details of Second Quarter 2017 Earnings Release and Conference Call.
The company is so far trading up by 0.21 percent from yesterday’s close.
The company recently announced a dividend for shareholders that was paid on Thursday the 15th of June 2017. The dividend was $0.175 per share for the quarter which is $0.70 annualized. This dividend represents a yield of $0.55. The ex-dividend date was Thursday the 11th of May 2017.
Jones Lang LaSalle Incorporated (JLL), launched on April 15, 1997, 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. The Company offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients seeking increased value by owning, occupying, or investing in real estate. As of December 31, 2016, it had more than 280 corporate offices around the world from which it provided services to clients in more than 80 countries. It delivers a range of real estate services (RES) across three geographic business segments: the Americas, EMEA and Asia Pacific. Its real estate services include agency leasing, capital markets, corporate finance, energy and sustainability services, investment management, lease administration, logistics and supply-chain management, mortgage origination and servicing, real estate investment banking/merchant banking, tenant representation, transaction management, and value recovery and receivership services. It also offers services locally, regionally and globally to real estate owners, occupiers, investors and developers for various property types, including critical environments and data centers, cultural facilities, educational facilities, government facilities, infrastructure projects, military housing, office properties and sports facilities..
The stock is trading at $125.97 a tad higher than $117.22, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $110.68. The 50 day moving average went up by +7.46% whereas the 200 day average was up by +13.81%.
Jones Lang LaSalle Incorporated currently has a P/E ratio of 18.93 and the market cap of the company is 5.70B. In the latest earnings report the EPS was $6.65 and is projected to be $7.98 for the current year with 45,287,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.70 with next year’s EPS projected to be $8.95.
Several Wall Street investment firms have issued ratings on the company of late. On December 13 the stock rating was downgraded to “” from “” by analysts at Keefe Bruyette & Woods. On October 6 analysts at initiated coverage setting a rating of “Neutral”.
Equity analyst Wedbush issued its first research report on the stock with an initial rating of “Neutral”. On August 18 Barclays made no change to the stock rating of “Overweight” and lowered the price target to $132.00 from $136.00.
July 19 investment analysts at Barclays maintained a stock rating of “Overweight” and moved up the price target from $131.00 to $136.00. On May 20 the company was upgraded from “Neutral” to “Buy” with a current price target of $141.00 in a report issued by Goldman Sachs.