Brokerages forecast that Information Services Group, Inc. (NASDAQ:III) will announce $71.07 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Information Services Group’s earnings. The lowest sales estimate is $70.30 million and the highest is $72.00 million. Information Services Group reported sales of $67.97 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The company is expected to issue its next quarterly earnings report on Thursday, November 14th.
According to Zacks, analysts expect that Information Services Group will report full year sales of $276.88 million for the current year, with estimates ranging from $275.20 million to $278.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $292.20 million, with estimates ranging from $284.93 million to $302.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Information Services Group.
Information Services Group (NASDAQ:III) last posted its earnings results on Monday, August 5th. The business services provider reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Information Services Group had a net margin of 1.00% and a return on equity of 8.37%. The business had revenue of $67.33 million for the quarter, compared to analyst estimates of $69.40 million.
NASDAQ:III remained flat at $$2.79 during mid-day trading on Monday. 46,502 shares of the company’s stock were exchanged, compared to its average volume of 80,213. Information Services Group has a 12-month low of $2.19 and a 12-month high of $5.09. The firm’s 50 day moving average is $2.60 and its two-hundred day moving average is $3.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $129.35 million, a PE ratio of 12.68, a PEG ratio of 1.14 and a beta of 0.46.
In other Information Services Group news, CEO Michael P. Connors sold 10,750 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $2.64, for a total transaction of $28,380.00. Following the sale, the chief executive officer now directly owns 5,112,623 shares in the company, valued at approximately $13,497,324.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael P. Connors sold 13,856 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $2.26, for a total transaction of $31,314.56. Following the sale, the chief executive officer now owns 5,088,017 shares in the company, valued at $11,498,918.42. The disclosure for this sale can be found here. Insiders sold a total of 39,402 shares of company stock worth $95,589 over the last quarter. 13.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in Information Services Group by 5,644.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,238 shares of the business services provider’s stock worth $27,000 after buying an additional 7,112 shares during the period. Spark Investment Management LLC acquired a new stake in Information Services Group during the 1st quarter worth approximately $40,000. Susquehanna International Group LLP acquired a new stake in Information Services Group during the 2nd quarter worth approximately $91,000. SG Americas Securities LLC acquired a new stake in Information Services Group during the 1st quarter worth approximately $96,000. Finally, Alambic Investment Management L.P. acquired a new stake in Information Services Group during the 1st quarter worth approximately $121,000. Hedge funds and other institutional investors own 47.17% of the company’s stock.
Information Services Group Company Profile
Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets 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, defence, automotive, banking, energy, healthcare and insurance industries.
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