Revenue Update on Jones Lang LaSalle Inc(NYSE:JLL)

Jones Lang LaSalle Inc(NYSE:JLL) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $2.158B. Analysts estimated a revenue of $2.060B. The revenues were 4.76% above the estimates. Earnings per share were $3.95. The reported EPS was below estimates by -0.25%. Analysts had estimated an EPS of $3.96.

In a different note, On Dec 13, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Jones Lang LaSalle Inc. The shares have been rated ‘Market Perform’ by the firm.

Jones Lang LaSalle Inc (JLL) made into the market gainers list on Tuesdays trading session with the shares advancing 2.63% or 2.73 points. Due to strong positive momentum, the stock ended at $106.66, which is also near the day’s high of $111.07. The stock began the session at $107.85 and the volume stood at 11,87,133 shares. The 52-week high of the shares is $125.31 and the 52 week low is $86.62. The company has a current market capitalization of $4,823 M and it has 4,52,13,832 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 21, 2016, Sheila A Penrose (director) sold 1,000 shares at $115.00 per share price.Also, On Jun 23, 2016, Piazza Samuel A Jr. Di (director) purchased 2,200 shares at $112.00 per share price.On Feb 19, 2016, Colin Dyer (CEO) purchased 5,000 shares at $103.14 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. JLL’s 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.

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