Zacks: Brokerages Expect Information Services Group, Inc. (NASDAQ:III) to Post $0.08 EPS

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Analysts expect Information Services Group, Inc. (NASDAQ:III) to report $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Information Services Group’s earnings, with estimates ranging from $0.07 to $0.09. Information Services Group posted earnings per share of $0.05 in the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, March 10th.

According to Zacks, analysts expect that Information Services Group will report full year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.28. For the next fiscal year, analysts forecast that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.25 to $0.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Information Services Group.

III has been the topic of a number of research analyst reports. Barrington Research reaffirmed a “hold” rating on shares of Information Services Group in a research note on Wednesday, November 13th. Noble Financial reaffirmed a “buy” rating and issued a $5.25 price target on shares of Information Services Group in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.75.

Shares of NASDAQ:III traded down $0.03 during trading on Friday, reaching $3.34. The stock had a trading volume of 76,572 shares, compared to its average volume of 92,768. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.53 and a current ratio of 2.53. The business has a fifty day moving average price of $2.89 and a 200-day moving average price of $2.57. The stock has a market cap of $164.47 million, a PE ratio of 334.33, a PEG ratio of 1.85 and a beta of 0.45. Information Services Group has a 1-year low of $2.14 and a 1-year high of $4.50.

Large investors have recently modified their holdings of the company. Private Capital Management LLC boosted its stake in Information Services Group by 8.0% during the third quarter. Private Capital Management LLC now owns 6,113,959 shares of the business services provider’s stock worth $15,193,000 after buying an additional 451,658 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Information Services Group by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,231,064 shares of the business services provider’s stock worth $5,645,000 after buying an additional 43,710 shares during the last quarter. Vanguard Group Inc. boosted its stake in Information Services Group by 3.6% during the second quarter. Vanguard Group Inc. now owns 2,091,469 shares of the business services provider’s stock worth $6,609,000 after buying an additional 72,601 shares during the last quarter. BlackRock Inc. boosted its stake in Information Services Group by 1.5% during the second quarter. BlackRock Inc. now owns 1,702,695 shares of the business services provider’s stock worth $5,381,000 after buying an additional 25,073 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Information Services Group by 3.8% during the fourth quarter. Blair William & Co. IL now owns 1,637,224 shares of the business services provider’s stock worth $4,142,000 after buying an additional 59,485 shares during the last quarter. 50.99% of the stock is currently owned by hedge funds and other institutional investors.

Information Services Group Company Profile

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

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