Brokerages expect that Information Services Group, Inc. (NASDAQ:III) will announce earnings of $0.08 per share for the current quarter, Zacks reports. Four analysts have made estimates for Information Services Group’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Information Services Group posted earnings of $0.14 per share in the same quarter last year, which suggests a negative year over year growth rate of 42.9%. The business is scheduled to report its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Information Services Group will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.28. For the next fiscal year, analysts forecast that the business will report earnings of $0.34 per share, with EPS estimates ranging from $0.28 to $0.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Information Services Group.

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

III has been the topic of a number of analyst reports. Noble Financial restated a “buy” rating and set a $5.25 target price on shares of Information Services Group in a research report on Thursday, August 8th. CIBC restated a “hold” rating and set a $3.00 target price on shares of Information Services Group in a research report on Thursday, May 16th. Zacks Investment Research cut Information Services Group from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, ValuEngine cut Information Services Group from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.75.

Shares of NASDAQ:III traded up $0.02 during trading on Friday, reaching $2.51. 486 shares of the company’s stock traded hands, compared to its average volume of 58,428. Information Services Group has a fifty-two week low of $2.19 and a fifty-two week high of $5.45. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.14. The firm has a market cap of $119.40 million, a PE ratio of 11.41, a P/E/G ratio of 1.05 and a beta of 0.44. The company has a 50-day simple moving average of $2.73 and a 200-day simple moving average of $3.42.

In other Information Services Group news, Vice Chairman Todd D. Lavieri sold 41,236 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 584,630 shares of the company’s stock, valued at approximately $1,701,273.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David E. Berger sold 18,869 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $3.06, for a total transaction of $57,739.14. Following the transaction, the chief financial officer now directly owns 726,461 shares of the company’s stock, valued at $2,222,970.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,708 shares of company stock worth $339,626. 13.90% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Perritt Capital Management Inc. lifted its stake in Information Services Group by 0.8% in the second quarter. Perritt Capital Management Inc. now owns 501,541 shares of the business services provider’s stock valued at $1,585,000 after acquiring an additional 4,000 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Information Services Group by 5.7% during the 2nd quarter. Wells Fargo & Company MN now owns 86,239 shares of the business services provider’s stock worth $273,000 after acquiring an additional 4,633 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Information Services Group by 0.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 937,000 shares of the business services provider’s stock worth $3,495,000 after acquiring an additional 7,000 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Information Services Group by 14.1% during the 2nd quarter. Acadian Asset Management LLC now owns 57,041 shares of the business services provider’s stock worth $180,000 after acquiring an additional 7,060 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Information Services Group by 5,644.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,238 shares of the business services provider’s stock worth $27,000 after acquiring an additional 7,112 shares in the last quarter. 44.99% of the stock is owned by institutional investors.

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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