Jones Lang LaSalle Inc (JLL) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.89. The company posted revenue of $1604.00 million in the period, compared to analysts expectations of $1470.94 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.
Many Wall Street Analysts have commented on Jones Lang LaSalle Inc. Jones Lang LaSalle Inc was Upgraded by Goldman to ” Buy” on May 20, 2016. Keefe Bruyette Initiated Jones Lang LaSalle Inc on May 16, 2016 to “Outperform”, Price Target of the shares are set at $131.
Jones Lang LaSalle Inc opened for trading at $109.07 and hit $109.6199 on the upside on Friday, eventually ending the session at $109.47, with a gain of 0.06% or 0.07 points. The heightened volatility saw the trading volume jump to 3,68,424 shares. Company has a market cap of $4,939 M.
In a different news, on Jun 23, 2016, Piazza Samuel A Jr. Di (director) purchased 2,200 shares at $112.00 per share price. According to the SEC, on Feb 19, 2016, Colin Dyer (CEO) purchased 5,000 shares at $103.14 per share price. On Feb 16, 2016, Christian Ulbrich (CEO) purchased 1,000 shares at $97.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments. JLL provides real estate services through three business segments: the Americas Europe the Middle East and Africa (EMEA) and Asia Pacific. JLLs fourth business segment is LaSalle Investment Management (LaSalle). The Company provides a range of integrated property project management and transaction services locally regionally and globally through its Americas EMEA and Asia Pacific operating segments. The Company manages its investment management business globally as LaSalle. The Company provides a range of real estate services to real estate owners occupiers investors and developers for a range of property types. The Company offers its products and services under the JLL LaSalle Investment Management and Tetris brands.