Zacks: Brokerages Expect Information Services Group, Inc. (NASDAQ:III) Will Post Quarterly Sales of $68.92 Million

Equities research analysts expect that Information Services Group, Inc. (NASDAQ:III) will report sales of $68.92 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Information Services Group’s earnings. The highest sales estimate is $70.49 million and the lowest is $67.00 million. Information Services Group reported sales of $71.03 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The firm is scheduled to issue its next earnings report before the market opens on Monday, August 5th.

On average, analysts expect that Information Services Group will report full year sales of $276.75 million for the current fiscal year, with estimates ranging from $275.30 million to $278.80 million. For the next fiscal year, analysts anticipate that the business will report sales of $291.80 million, with estimates ranging from $285.05 million to $302.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Information Services Group.

Information Services Group (NASDAQ:III) last announced its earnings results on Thursday, May 9th. The business services provider reported ($0.01) earnings per share for the quarter. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. The firm had revenue of $64.79 million during the quarter, compared to analysts’ expectations of $66.40 million.

III has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Barrington Research downgraded shares of Information Services Group from an “outperform” rating to a “market perform” rating in a research note on Monday, March 18th. Noble Financial reaffirmed a “buy” rating and issued a $5.25 price target on shares of Information Services Group in a research note on Monday, March 18th. ValuEngine downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Finally, CIBC reaffirmed a “hold” rating and issued a $3.00 price target on shares of Information Services Group in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Information Services Group has an average rating of “Hold” and an average target price of $4.75.

III stock traded up $0.03 during trading on Wednesday, hitting $2.98. The company had a trading volume of 1,623 shares, compared to its average volume of 88,716. The stock has a market cap of $142.74 million, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.32 and a beta of 0.47. Information Services Group has a 52-week low of $2.65 and a 52-week high of $5.45. The firm has a 50 day moving average of $3.14. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.25 and a quick ratio of 2.25.

In other news, CFO David E. Berger sold 18,869 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.06, for a total value of $57,739.14. Following the sale, the chief financial officer now directly owns 726,461 shares in the company, valued at approximately $2,222,970.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Todd D. Lavieri sold 41,236 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $2.91, for a total transaction of $119,996.76. Following the completion of the sale, the insider now owns 584,630 shares in the company, valued at $1,701,273.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,306 shares of company stock worth $244,037. 13.90% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Information Services Group by 5,644.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,238 shares of the business services provider’s stock valued at $27,000 after buying an additional 7,112 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Information Services Group in the 1st quarter worth approximately $40,000. Prudential Financial Inc. acquired a new stake in Information Services Group in the 4th quarter worth approximately $49,000. Globeflex Capital L P acquired a new stake in Information Services Group in the 4th quarter worth approximately $75,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Information Services Group by 25.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,782 shares of the business services provider’s stock worth $92,000 after purchasing an additional 4,464 shares in the last quarter. Institutional investors and hedge funds own 45.80% of the company’s stock.

About Information Services Group

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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Earnings History and Estimates for Information Services Group (NASDAQ:III)

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