$0.09 EPS Expected for Information Services Group, Inc. (NASDAQ:III) This Quarter

Wall Street brokerages predict that Information Services Group, Inc. (NASDAQ:IIIGet Rating) will report earnings per share (EPS) of $0.09 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Information Services Group’s earnings, with estimates ranging from $0.08 to $0.11. Information Services Group posted earnings per share of $0.10 during the same quarter last year, which would suggest a negative year-over-year growth rate of 10%. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Information Services Group will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.33 to $0.48. For the next year, analysts expect that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.39 to $0.61. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Information Services Group.

Information Services Group (NASDAQ:IIIGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Information Services Group had a net margin of 5.59% and a return on equity of 18.42%. The business had revenue of $69.57 million during the quarter, compared to analyst estimates of $67.98 million.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 12th. Raymond James decreased their target price on Information Services Group from C$37.00 to C$29.00 in a research report on Tuesday, February 22nd. Finally, StockNews.com initiated coverage on Information Services Group in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock.

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC raised its position in shares of Information Services Group by 21.0% during the 4th quarter. Acadian Asset Management LLC now owns 1,536,044 shares of the business services provider’s stock worth $11,695,000 after purchasing an additional 266,163 shares during the period. Ancora Advisors LLC boosted its holdings in shares of Information Services Group by 14.9% during the third quarter. Ancora Advisors LLC now owns 1,028,658 shares of the business services provider’s stock valued at $7,386,000 after acquiring an additional 133,588 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Information Services Group by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 945,845 shares of the business services provider’s stock worth $7,207,000 after acquiring an additional 28,141 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Information Services Group by 55.4% in the 3rd quarter. Marshall Wace LLP now owns 578,107 shares of the business services provider’s stock worth $4,151,000 after acquiring an additional 206,017 shares during the period. Finally, EAM Investors LLC lifted its position in Information Services Group by 71.0% in the 3rd quarter. EAM Investors LLC now owns 488,888 shares of the business services provider’s stock valued at $3,510,000 after purchasing an additional 202,925 shares during the last quarter. Institutional investors own 51.98% of the company’s stock.

III opened at $6.68 on Friday. The company has a market capitalization of $322.98 million, a P/E ratio of 21.55, a PEG ratio of 1.17 and a beta of 0.72. The company has a 50-day moving average of $7.09 and a 200-day moving average of $7.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.04 and a current ratio of 2.04. Information Services Group has a 1-year low of $4.23 and a 1-year high of $9.70.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Monday, March 21st were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 18th. This represents a $0.12 dividend on an annualized basis and a yield of 1.80%. Information Services Group’s dividend payout ratio is currently 38.71%.

About Information Services Group (Get Rating)

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.

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