Information Services Group (NASDAQ:III – Get Rating) will release its quarterly results after market close on Thursday, November 3. Analysts expect Information Services Group to post earnings of $0.08 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Information Services Group (NASDAQ:III – Get Rating) last announced its quarterly results on Monday, August 8. The business services provider reported earnings per share (EPS) of $0.11 for the quarter, beating the consensus estimate of $0.07 by $0.04. The information services group achieved a return on equity of 20.18% and a net margin of 6.30%. The company posted revenue of $70.70 million in the quarter, versus a consensus estimate of $73.90 million. On average, analysts expect the Information Services Group to post EPS of $0 for the current fiscal year and EPS of $0 for the next fiscal year.
Information Services Group stock up 1.7%
Shares of the information services group opened at $5.36 on Thursday. The Information Services group has a 1-year low of $4.53 and a 1-year high of $9.70. The company has a 50-day moving average of $5.29 and a 200-day moving average of $6.07. The company has a market cap of $255.95 million, a P/E ratio of 14.89, a price-to-earnings growth ratio of 0.77, and a beta of 0.83. The company has a debt ratio of 0.72, a current ratio of 2.12 and a quick ratio of 2.12.
Information services group announces dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 19. Shareholders of record on Tuesday, September 6 received a dividend of $0.04. The ex-dividend date was Friday, September 2. This represents an annualized dividend of $0.16 and a dividend yield of 2.99%. The Information Services Group’s dividend payout ratio (DPR) is currently 44.44%.
Wall Street analysts predict growth
Several brokerages have published reports on III. StockNews.com began covering Information Services Group in a report on Wednesday, October 12. They issued a “buy” rating for the company. Barrington Research cut its price target on Information Services Group from $11.00 to $9.00 and set an “outperform” rating for the company in a Tuesday, Aug. 9 report.
Institutional entries and exits
A number of hedge funds have recently changed their holdings in the company. Private Capital Management LLC increased its stake in Information Services Group by 0.9% in the first quarter. Private Capital Management LLC now owns 4,013,362 shares of the business services provider valued at $27,331,000 after buying an additional 35,939 shares last quarter. State Street Corp increased its stake in Information Services Group by 230.6% in the second quarter. State Street Corp now owns 406,580 shares of the business services provider valued at $2,748,000 after buying an additional 283,600 shares last quarter. Northern Trust Corp increased its stake in Information Services Group by 262.4% in the second quarter. Northern Trust Corp now owns 324,725 shares of the business services provider valued at $2,195,000 after buying an additional 235,126 shares last quarter. Sei Investments Co. increased its stake in Information Services Group by 3.4% in the second quarter. Sei Investments Co. now owns 323,879 shares of the business services provider valued at $2,183,000 after buying an additional 10,748 shares last quarter. Finally, Bank of New York Mellon Corp increased its stake in Information Services Group by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 296,531 shares of the business services provider valued at $2,019,000 after buying an additional 2,775 shares last quarter. 62.83% of the shares are currently held by institutional investors.
About the Information Services Group
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Information Services Group, Inc, together with its subsidiaries, operates as a research and technology consulting company in the Americas, Europe and Asia-Pacific. The company offers digital transformation services, including automation, cloud and data analytics; procurement advice; governance and controlled risks; network operator; technology strategy and operations design; change management; and business information and technology research and analysis services.
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