Information Services Group, Inc. (NASDAQ:III – Free Report) – Equities research analysts at Sidoti Csr decreased their FY2024 EPS estimates for shares of Information Services Group in a research note issued on Thursday, October 3rd. Sidoti Csr analyst M. Riddick now forecasts that the business services provider will post earnings per share of $0.08 for the year, down from their prior forecast of $0.10. The consensus estimate for Information Services Group’s current full-year earnings is $0.10 per share. Sidoti Csr also issued estimates for Information Services Group’s Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.43 EPS.
Information Services Group (NASDAQ:III – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The company had revenue of $64.26 million for the quarter, compared to analysts’ expectations of $65.51 million.
Check Out Our Latest Analysis on Information Services Group
Information Services Group Stock Performance
Shares of NASDAQ III opened at $3.17 on Monday. The business has a 50-day moving average price of $3.28 and a two-hundred day moving average price of $3.34. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $154.27 million, a PE ratio of -158.50, a PEG ratio of 2.10 and a beta of 0.95. Information Services Group has a one year low of $2.92 and a one year high of $4.98.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in III. Private Capital Management LLC boosted its stake in shares of Information Services Group by 1.7% in the 4th quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock valued at $23,603,000 after purchasing an additional 81,891 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after buying an additional 46,799 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after buying an additional 15,028 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Information Services Group by 88.0% in the first quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 12,289 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Information Services Group in the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 73.10% of the company’s stock.
Information Services Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 6th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Friday, September 6th. Information Services Group’s dividend payout ratio is presently -900.00%.
About Information Services Group
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.
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