Zacks: Brokerages Expect Information Services Group, Inc. (NASDAQ:III) Will Announce Earnings of $0.08 Per Share

Analysts predict that Information Services Group, Inc. (NASDAQ:III) will post $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Information Services Group’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. Information Services Group reported earnings per share of $0.14 in the same quarter last year, which suggests a negative year-over-year growth rate of 42.9%. The business is expected to report its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Information Services Group will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.28. For the next fiscal year, analysts anticipate that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.28 to $0.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Information Services Group.

Information Services Group (NASDAQ:III) last issued its earnings results on Monday, August 5th. The business services provider reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. Information Services Group had a net margin of 1.00% and a return on equity of 8.37%. The firm had revenue of $67.33 million for the quarter, compared to analysts’ expectations of $69.40 million.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Monday, August 26th. Noble Financial reissued a “buy” rating and issued a $5.25 target price on shares of Information Services Group in a report on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.75.

NASDAQ III remained flat at $$2.51 during trading hours on Tuesday. 26,695 shares of the company’s stock were exchanged, compared to its average volume of 65,198. 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 company has a 50 day moving average of $2.62 and a 200-day moving average of $3.07. Information Services Group has a 1 year low of $2.19 and a 1 year high of $5.07. The company has a market cap of $118.93 million, a PE ratio of 11.41, a PEG ratio of 1.05 and a beta of 0.42.

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 value of $28,380.00. Following the sale, the chief executive officer now owns 5,112,623 shares in the company, valued at $13,497,324.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Connors sold 13,856 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $2.26, for a total transaction of $31,314.56. Following the completion of the sale, the chief executive officer now owns 5,088,017 shares in the company, valued at approximately $11,498,918.42. The disclosure for this sale can be found here. Insiders sold 39,402 shares of company stock worth $95,589 in the last three months. 13.90% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in III. BNP Paribas Arbitrage SA increased its stake in shares of Information Services Group by 5,644.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,238 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 7,112 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Information Services Group by 14.1% during the 2nd quarter. Acadian Asset Management LLC now owns 57,041 shares of the business services provider’s stock valued at $180,000 after buying an additional 7,060 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Information Services Group during the 1st quarter valued at $96,000. Private Capital Management LLC boosted its stake in shares of Information Services Group by 23.9% during the 2nd quarter. Private Capital Management LLC now owns 5,662,301 shares of the business services provider’s stock valued at $17,893,000 after buying an additional 1,091,737 shares during the period. Finally, Globeflex Capital L P boosted its stake in shares of Information Services Group by 487.1% during the 1st quarter. Globeflex Capital L P now owns 103,218 shares of the business services provider’s stock valued at $385,000 after buying an additional 85,638 shares during the period. Institutional investors own 47.17% of the company’s stock.

About Information Services Group

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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Earnings History and Estimates for Information Services Group (NASDAQ:III)

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