Analysts Anticipate Information Services Group, Inc. (NASDAQ:III) Will Announce Quarterly Sales of $71.07 Million

Wall Street brokerages expect that Information Services Group, Inc. (NASDAQ:III) will announce sales of $71.07 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Information Services Group’s earnings. The lowest sales estimate is $70.30 million and the highest is $72.00 million. Information Services Group posted sales of $67.97 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The firm is scheduled to announce its next earnings results on Thursday, November 14th.

On average, analysts expect that Information Services Group will report full-year sales of $276.88 million for the current financial year, with estimates ranging from $275.20 million to $278.10 million. For the next fiscal year, analysts expect that the company will post sales of $288.93 million, with estimates ranging from $284.93 million to $293.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Information Services Group.

Information Services Group (NASDAQ:III) last announced its earnings results on Monday, August 5th. The business services provider reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $67.33 million during the quarter, compared to analyst estimates of $69.40 million. Information Services Group had a net margin of 1.00% and a return on equity of 8.37%.

A number of brokerages recently weighed in on III. Noble Financial reaffirmed a “buy” rating and issued a $5.25 target price on shares of Information Services Group in a research note on Thursday, August 8th. Zacks Investment Research lowered shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $4.75.

NASDAQ III traded up $0.03 on Thursday, reaching $2.51. The company had a trading volume of 21,600 shares, compared to its average volume of 77,437. The firm has a market capitalization of $118.93 million, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.05 and a beta of 0.42. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.44 and a current ratio of 2.44. Information Services Group has a 1-year low of $2.19 and a 1-year high of $5.07. The company’s fifty day moving average is $2.62 and its 200-day moving average is $3.04.

In other Information Services Group news, CEO Michael P. Connors sold 13,856 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $2.26, for a total transaction of $31,314.56. Following the sale, the chief executive officer now directly owns 5,088,017 shares of the company’s stock, valued at approximately $11,498,918.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael P. Connors sold 10,750 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $2.64, for a total transaction of $28,380.00. Following the sale, the chief executive officer now directly owns 5,112,623 shares in the company, valued at $13,497,324.72. The disclosure for this sale can be found here. Insiders have sold a total of 39,402 shares of company stock worth $95,589 over the last three months. Insiders own 13.90% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised 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 purchasing an additional 7,112 shares during the period. SG Americas Securities LLC bought a new stake in shares of Information Services Group in the 1st quarter valued at about $96,000. Susquehanna International Group LLP bought a new stake in shares of Information Services Group in the 2nd quarter valued at about $91,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Information Services Group by 56.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,154 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 12,372 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Information Services Group by 14.1% in the 2nd quarter. Acadian Asset Management LLC now owns 57,041 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 7,060 shares during the period. 47.17% of the stock is currently owned by 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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Earnings History and Estimates for Information Services Group (NASDAQ:III)

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