Zacks: Analysts Expect Information Services Group, Inc. (NASDAQ:III) Will Announce Quarterly Sales of $73.90 Million

Brokerages expect Information Services Group, Inc. (NASDAQ:IIIGet Rating) to announce sales of $73.90 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Information Services Group’s earnings, with estimates ranging from $73.00 million to $74.48 million. Information Services Group posted sales of $70.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Information Services Group will report full year sales of $295.91 million for the current fiscal year, with estimates ranging from $293.56 million to $298.68 million. For the next year, analysts forecast that the company will report sales of $317.44 million, with estimates ranging from $312.50 million to $322.03 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Information Services Group.

Information Services Group (NASDAQ:IIIGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The business services provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $67.98 million.

Several research firms have weighed in on III. StockNews.com initiated coverage on Information Services Group in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Raymond James reduced their target price on Information Services Group from C$37.00 to C$29.00 in a research report on Tuesday, February 22nd.

Hedge funds and other institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Information Services Group during the 1st quarter valued at $3,201,000. Acadian Asset Management LLC grew its holdings in shares of Information Services Group by 21.0% during the fourth quarter. Acadian Asset Management LLC now owns 1,536,044 shares of the business services provider’s stock valued at $11,695,000 after buying an additional 266,163 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Information Services Group by 346.8% during the third quarter. Invesco Ltd. now owns 323,624 shares of the business services provider’s stock valued at $2,324,000 after buying an additional 251,188 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Information Services Group by 587.4% during the third quarter. Two Sigma Advisers LP now owns 288,700 shares of the business services provider’s stock valued at $2,073,000 after buying an additional 246,700 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Information Services Group by 55.4% during the third quarter. Marshall Wace LLP now owns 578,107 shares of the business services provider’s stock valued at $4,151,000 after buying an additional 206,017 shares in the last quarter. Hedge funds and other institutional investors own 52.73% of the company’s stock.

Shares of III stock opened at $6.54 on Friday. The business’s fifty day moving average price is $6.51 and its 200 day moving average price is $7.17. Information Services Group has a 1-year low of $5.37 and a 1-year high of $9.70. The firm has a market capitalization of $314.68 million, a PE ratio of 19.24, a P/E/G ratio of 1.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.02 and a quick ratio of 2.02.

The business 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 $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from Information Services Group’s previous quarterly dividend of $0.03. Information Services Group’s dividend payout ratio (DPR) is 35.30%.

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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