Information Services Group, Inc. (NASDAQ:III) Expected to Post Earnings of $0.10 Per Share

Brokerages expect that Information Services Group, Inc. (NASDAQ:IIIGet Rating) will report $0.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Information Services Group’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.11. Information Services Group posted earnings of $0.12 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Information Services Group will report full year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.46. For the next fiscal year, analysts forecast that the company will report earnings of $0.49 per share, with EPS estimates ranging from $0.40 to $0.60. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for 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 for the quarter, topping the consensus estimate of $0.07 by $0.01. Information Services Group had a return on equity of 19.97% and a net margin of 6.00%. The company had revenue of $69.57 million for the quarter, compared to the consensus estimate of $67.98 million.

A number of analysts have weighed in on III shares. StockNews.com started coverage on Information Services Group in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Raymond James cut their target price on Information Services Group from C$37.00 to C$29.00 in a research note on Tuesday, February 22nd.

Shares of NASDAQ III traded up $0.23 during trading hours on Friday, reaching $6.54. The stock had a trading volume of 158,126 shares, compared to its average volume of 324,022. The firm has a market cap of $314.68 million, a price-to-earnings ratio of 19.24, a PEG ratio of 1.04 and a beta of 0.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.70. Information Services Group has a fifty-two week low of $5.37 and a fifty-two week high of $9.70. The firm has a 50-day moving average of $6.53 and a 200-day moving average of $7.20.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Information Services Group’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, June 2nd. Information Services Group’s dividend payout ratio is 35.30%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sawtooth Solutions LLC purchased a new position in Information Services Group in the 1st quarter valued at approximately $267,000. Mirabella Financial Services LLP increased its stake in Information Services Group by 20.3% in the 1st quarter. Mirabella Financial Services LLP now owns 20,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 3,408 shares in the last quarter. Jane Street Group LLC purchased a new position in Information Services Group in the 1st quarter valued at approximately $820,000. Private Capital Management LLC increased its stake in Information Services Group by 0.9% in the 1st quarter. Private Capital Management LLC now owns 4,013,362 shares of the business services provider’s stock valued at $27,331,000 after purchasing an additional 35,939 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Information Services Group by 74.6% in the 1st quarter. Royal Bank of Canada now owns 10,697 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 4,570 shares in the last quarter. 52.73% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Company Profile (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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