Wall Street analysts forecast that Information Services Group, Inc. (NASDAQ:III) will post earnings of $0.08 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Information Services Group’s earnings. Information Services Group posted earnings of ($0.22) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 136.4%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, March 14th.
On average, analysts expect that Information Services Group will report full-year earnings of $0.33 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $0.35 per share, with EPS estimates ranging from $0.34 to $0.35. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Information Services Group.
A number of brokerages have recently issued reports on III. B. Riley reiterated a “buy” rating and issued a $6.50 price target on shares of Information Services Group in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Information Services Group currently has a consensus rating of “Hold” and an average target price of $5.50.
Information Services Group (NASDAQ III) opened at $4.23 on Thursday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.58. The stock has a market cap of $184.02, a PE ratio of -20.14, a PEG ratio of 1.38 and a beta of 0.41. Information Services Group has a twelve month low of $2.95 and a twelve month high of $4.63.
Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Information Services Group by 76.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 12,098 shares during the last quarter. Wells Fargo & Company MN grew its stake in Information Services Group by 82.7% in the 3rd quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 14,444 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Information Services Group by 7,572.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 39,150 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Information Services Group in the 2nd quarter valued at about $188,000. Finally, Teachers Advisors LLC grew its stake in Information Services Group by 12.6% in the 2nd quarter. Teachers Advisors LLC now owns 72,314 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 8,076 shares during the last quarter. 42.12% of the stock is currently owned by hedge funds and other institutional investors.
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Information Services Group Company Profile
Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.
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