Equities Analysts Issue Forecasts for Information Services Group, Inc.’s FY2024 Earnings (NASDAQ:III)

Information Services Group, Inc. (NASDAQ:III) – Analysts at Barrington Research reduced their FY2024 EPS estimates for Information Services Group in a research report issued to clients and investors on Tuesday, October 8th. Barrington Research analyst V. Colicchio now anticipates that the business services provider will post earnings per share of $0.07 for the year, down from their prior forecast of $0.10. Barrington Research has a “Outperform” rating and a $3.50 price objective on the stock. The consensus estimate for Information Services Group’s current full-year earnings is $0.10 per share.

Separately, Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

Information Services Group Price Performance

Shares of Information Services Group stock opened at $3.14 on Thursday. The company’s fifty day simple moving average is $3.26 and its two-hundred day simple moving average is $3.33. Information Services Group has a 12-month low of $2.92 and a 12-month high of $4.98. The firm has a market cap of $152.81 million, a PE ratio of -157.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of III. ClariVest Asset Management LLC lifted its stake in Information Services Group by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock valued at $351,000 after acquiring an additional 3,345 shares during the period. Rhumbline Advisers boosted its holdings in Information Services Group by 7.6% in the second quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock worth $170,000 after purchasing an additional 4,075 shares during the last quarter. Hsbc Holdings PLC grew its position in Information Services Group by 13.1% in the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock worth $135,000 after purchasing an additional 5,074 shares during the period. CHICAGO TRUST Co NA purchased a new stake in Information Services Group during the 2nd quarter valued at $30,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Information Services Group during the 1st quarter valued at $45,000. 73.10% of the stock is owned by institutional investors.

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 6th were issued a $0.045 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.18 dividend on an annualized basis and a yield of 5.73%. Information Services Group’s payout ratio is currently -900.00%.

Information Services Group Company Profile

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.