Analysts Anticipate Information Services Group, Inc. (NASDAQ:III) to Announce $0.08 EPS

Equities analysts expect Information Services Group, Inc. (NASDAQ:III) to report earnings per share of $0.08 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Information Services Group’s earnings, with estimates ranging from $0.07 to $0.09. Information Services Group posted earnings per share of $0.10 during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The company is scheduled to report its next quarterly earnings results on Monday, November 8th.

On average, analysts expect that Information Services Group will report full-year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.32 to $0.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Information Services Group.

Separately, Zacks Investment Research upgraded shares of Information Services Group from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Tuesday, August 17th.

NASDAQ III traded down $0.12 during trading hours on Wednesday, hitting $8.08. The company had a trading volume of 63,612 shares, compared to its average volume of 345,502. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.04 and a current ratio of 2.04. Information Services Group has a 1-year low of $2.00 and a 1-year high of $8.22. The company has a market cap of $391.58 million, a PE ratio of 37.27, a price-to-earnings-growth ratio of 1.74 and a beta of 0.66. The business has a 50 day moving average of $6.54 and a 200-day moving average of $5.50.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Tuesday, September 7th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, September 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.49%. Information Services Group’s dividend payout ratio (DPR) is 70.59%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Information Services Group by 30.7% during the second quarter. Royal Bank of Canada now owns 9,976 shares of the business services provider’s stock worth $58,000 after purchasing an additional 2,343 shares in the last quarter. Walleye Capital LLC raised its holdings in Information Services Group by 10.3% during the second quarter. Walleye Capital LLC now owns 29,783 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,783 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Information Services Group by 28.6% during the second quarter. Parametric Portfolio Associates LLC now owns 13,494 shares of the business services provider’s stock worth $79,000 after purchasing an additional 2,998 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Information Services Group by 20.2% during the first quarter. BNP Paribas Arbitrage SA now owns 24,338 shares of the business services provider’s stock worth $107,000 after purchasing an additional 4,087 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Information Services Group by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 45,886 shares of the business services provider’s stock worth $202,000 after purchasing an additional 4,304 shares in the last quarter. 51.02% of the stock is owned by hedge funds and other institutional investors.

About Information Services Group

Information Services Group, Inc engages in the provision of sourcing advisory services. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defense, automotive, banking, energy, healthcare, and insurance industries.

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