Wall Street analysts expect Information Services Group, Inc. (NASDAQ:III – Get Rating) to report sales of $70.06 million for the current quarter, Zacks reports. Four analysts made earnings estimates for the information services group. The lowest sales estimate is $70.00 million and the highest is $70.23 million. The information services group recorded sales of $66.57 million in the same quarter last year, which would indicate a positive growth rate of 5.2% year-over-year. The company is expected to release its next quarterly results after the market closes on Monday, January 1.
According to Zacks, analysts expect Information Services Group to post annual revenue of $293.34 million for the current fiscal year, with estimates ranging from $290.00 to $295.50 million. . For next year, analysts expect the company to post sales of $315.53 million, with estimates ranging from $311.30 million to $318.14 million. Zacks sales averages are an average based on a survey of sell-side research analysts who cover the information services group.
Information Services Group (NASDAQ:III – Get Rating) last released its results on Thursday, March 10. The business services provider reported EPS of $0.08 for the quarter, beating the consensus estimate of $0.07 by $0.01. The company posted revenue of $69.57 million for the quarter, versus $67.98 million expected by analysts. The information services group achieved a net margin of 5.59% and a return on equity of 18.42%.
Several equity analysts have commented on III stocks. Zacks Investment Research upgraded Information Services Group shares from a “buy” to a “hold” rating in a Wednesday, Jan. 12 research note. StockNews.com began covering Information Services Group stocks in a research note on Thursday, March 31. They issued a “Strong Buy” rating on the stock. Finally, Raymond James lowered his price target on Information Services Group shares from C$37.00 to C$29.00 in a Tuesday, February 22 research note.
Shares of the information services group opened at $5.92 on Friday. The stock has a market capitalization of $286.23 million, a price/earnings ratio of 19.10, a PEG ratio of 1.22 and a beta of 0.74. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt ratio of 0.71. The company’s 50-day moving average price is $6.81 and its two-hundred-day moving average price is $7.38. Information Services Group has a 52-week minimum of $4.78 and a 52-week maximum of $9.70.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6. Shareholders of record on Monday, March 21 received a dividend of $0.03. The ex-dividend date was Friday, March 18. This represents an annualized dividend of $0.12 and a dividend yield of 2.03%. The Information Services Group’s dividend payout ratio is currently 38.71%.
Institutional investors and hedge funds have recently changed their positions in the company. Marshall Wace LLP increased its position in Information Services Group shares by 55.4% in the third quarter. Marshall Wace LLP now owns 578,107 shares of the business services provider worth $4,151,000 after acquiring an additional 206,017 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of the information services group in the third quarter worth about $72,000. One Wealth Advisors LLC bought a new position in shares of Information Services Group in the third quarter worth approximately $125,000. Oppenheimer Asset Management Inc. increased its position in shares of the information services group by 53.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 24,236 shares of the business services provider worth $174,000 after acquiring 8,480 additional shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Information Services Group in the third quarter worth approximately $452,000. 52.73% of the shares are currently held by institutional investors.
About the Information Services Group (Get a rating)
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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