Information Services Group (III) Scheduled to Post Earnings on Thursday

Information Services Group (NASDAQ:III) is set to announce its earnings results on Thursday, April 11th. Information Services Group has set its Q1 2024 guidance at EPS.

Information Services Group (NASDAQ:III) last released its earnings results on Thursday, March 7th. The business services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Information Services Group had a net margin of 2.12% and a return on equity of 12.89%. The firm had revenue of $66.19 million for the quarter, compared to analysts’ expectations of $69.16 million. On average, analysts expect Information Services Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Information Services Group Stock Up 2.0 %

III opened at $3.99 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.44 and a current ratio of 2.44. Information Services Group has a fifty-two week low of $3.87 and a fifty-two week high of $5.87. The firm’s fifty day moving average is $4.21 and its 200 day moving average is $4.34. The stock has a market cap of $192.84 million, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Monday, March 18th. Information Services Group’s payout ratio is currently 150.00%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $6.00 price target on shares of Information Services Group in a research note on Wednesday, March 6th. StockNews.com cut shares of Information Services Group from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

Institutional Trading of Information Services Group

A number of large investors have recently made changes to their positions in III. Atlas Capital Advisors LLC bought a new stake in shares of Information Services Group in the 4th quarter worth about $31,000. Tower Research Capital LLC TRC increased its holdings in shares of Information Services Group by 535.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,467 shares of the business services provider’s stock worth $41,000 after buying an additional 7,978 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Information Services Group in the 4th quarter worth about $47,000. BNP Paribas Arbitrage SA increased its holdings in shares of Information Services Group by 108,571.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,607 shares of the business services provider’s stock worth $51,000 after buying an additional 7,600 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of Information Services Group in the 4th quarter worth about $53,000. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Company Profile

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.