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

Information Services Group, Inc. (NASDAQ:III) – Stock analysts at Barrington Research lowered their FY2024 earnings per share estimates for Information Services Group in a research note issued to 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 previous forecast of $0.10. Barrington Research currently has a “Outperform” rating and a $3.50 target price on the stock. The consensus estimate for Information Services Group’s current full-year earnings is $0.09 per share.

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

Information Services Group Price Performance

NASDAQ III opened at $3.17 on Thursday. The stock has a market capitalization of $154.98 million, a P/E ratio of -105.63, a P/E/G ratio of 2.56 and a beta of 0.95. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98. The business’s fifty day moving average is $3.26 and its two-hundred day moving average is $3.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14.

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. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The firm had revenue of $64.26 million during the quarter, compared to analyst estimates of $65.51 million.

Institutional Investors Weigh In On Information Services Group

Large investors have recently modified their holdings of the company. CHICAGO TRUST Co NA purchased a new position in Information Services Group during the second quarter valued at approximately $30,000. Arkadios Wealth Advisors bought a new stake in Information Services Group during the 2nd quarter valued at $32,000. The Manufacturers Life Insurance Company purchased a new position in Information Services Group during the 2nd quarter valued at $35,000. Price T Rowe Associates Inc. MD purchased a new position in Information Services Group during the 1st quarter valued at $45,000. Finally, SG Americas Securities LLC purchased a new position in Information Services Group during the 3rd quarter valued at $49,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Information Services Group Dividend Announcement

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

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.