Barrington Research Comments on Information Services Group, Inc.’s Q1 2019 Earnings (III)

Information Services Group, Inc. (NASDAQ:III) – Investment analysts at Barrington Research decreased their Q1 2019 earnings per share estimates for Information Services Group in a report issued on Monday, March 18th. Barrington Research analyst V. Colicchio now forecasts that the business services provider will earn $0.00 per share for the quarter, down from their previous estimate of $0.04. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Information Services Group’s Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.06 EPS and FY2019 earnings at $0.17 EPS.

A number of other equities research analysts have also issued reports on the company. Noble Financial reissued a “buy” rating and issued a $5.25 target price on shares of Information Services Group in a research report on Monday. Zacks Investment Research lowered Information Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.33.



Shares of Information Services Group stock opened at $3.69 on Wednesday. Information Services Group has a 52-week low of $3.51 and a 52-week high of $5.45. The company has a market capitalization of $167.17 million, a P/E ratio of 16.77, a PEG ratio of 0.98 and a beta of 0.42. The company has a current ratio of 2.42, a quick ratio of 2.44 and a debt-to-equity ratio of 1.14.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08). Information Services Group had a return on equity of 14.06% and a net margin of 2.06%. The business had revenue of $67.90 million for the quarter, compared to analyst estimates of $72.67 million.

A number of hedge funds have recently bought and sold shares of III. Bailard Inc. bought a new position in Information Services Group in the fourth quarter valued at approximately $42,000. Prudential Financial Inc. bought a new position in Information Services Group in the fourth quarter valued at approximately $49,000. Globeflex Capital L P bought a new position in Information Services Group in the fourth quarter valued at approximately $75,000. O Shaughnessy Asset Management LLC grew its stake in Information Services Group by 25.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,782 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 4,464 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Information Services Group by 55.9% in the fourth quarter. Bank of America Corp DE now owns 30,715 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 11,016 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Information Services Group Company Profile

Information Services Group, Inc 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.

Recommended Story: What is the price-to-earnings growth (PEG) ratio?

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.