Information Services Group (NASDAQ:III) Issues Earnings Results, Beats Estimates By $0.04 EPS

Information Services Group (NASDAQ:III) issued its earnings results on Monday. The business services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04, FiscalAI reports. Information Services Group had a return on equity of 13.59% and a net margin of 4.67%.

Information Services Group Stock Performance

Information Services Group stock opened at $6.10 on Monday. The company has a market cap of $295.32 million, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11. The firm’s 50 day simple moving average is $5.50 and its 200-day simple moving average is $4.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.81 and a quick ratio of 2.81. Information Services Group has a fifty-two week low of $3.74 and a fifty-two week high of $6.45.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a $0.0450 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.0%. Information Services Group’s dividend payout ratio (DPR) is 78.26%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Information Services Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

About Information Services Group

Information Services Group, Inc (NASDAQ:III) is a global technology research and advisory firm that helps organizations evaluate, plan and manage technology-related business initiatives. The company provides data, insights and consulting services to enterprises, technology providers and other organizations navigating changes in digital technology and business operations.

ISG’s services cover areas including digital transformation, cloud computing, artificial intelligence, automation, cybersecurity, data and analytics, enterprise applications, and information technology sourcing.