FY2024 EPS Estimates for Information Services Group, Inc. Cut by Analyst (NASDAQ:III)

Information Services Group, Inc. (NASDAQ:III) – Analysts at Barrington Research reduced their FY2024 earnings estimates for shares of Information Services Group in a research report issued to clients and investors on Tuesday, October 8th. Barrington Research analyst V. Colicchio now expects that the business services provider will post earnings per share of $0.07 for the year, down from their prior estimate 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 $0.09 per share.

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

Information Services Group Stock Performance

III opened at $3.17 on Thursday. Information Services Group has a 52-week low of $2.92 and a 52-week high of $4.98. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The company has a market cap of $154.98 million, a P/E ratio of -105.63, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The firm’s 50-day moving average price is $3.26 and its 200-day moving average price is $3.33.

Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $65.51 million.

Hedge Funds Weigh In On Information Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CHICAGO TRUST Co NA purchased a new stake in Information Services Group during the second quarter worth approximately $30,000. Arkadios Wealth Advisors acquired a new position in Information Services Group during the second quarter worth $32,000. The Manufacturers Life Insurance Company acquired a new position in Information Services Group during the second quarter worth $35,000. Price T Rowe Associates Inc. MD acquired a new position in Information Services Group during the first quarter worth $45,000. Finally, SG Americas Securities LLC purchased a new stake in Information Services Group during the third quarter worth $49,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 6th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend was Friday, September 6th. Information Services Group’s dividend payout ratio is currently -599.80%.

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.