Barrington Research Weighs in on Information Services Group, Inc.'s FY2024 Earnings (NASDAQ:III)

Information Services Group, Inc. (NASDAQ:III - Free Report) - Equities researchers at Barrington Research dropped their FY2024 EPS estimates for shares of Information Services Group in a note issued to investors on Tuesday, October 8th. Barrington Research analyst V. Colicchio now expects that the business services provider will post earnings of $0.07 per share for the year, down from their previous forecast of $0.10. Barrington Research has a "Outperform" rating and a $3.50 price target on the stock. The consensus estimate for Information Services Group's current full-year earnings is $0.10 per share.

Information Services Group (NASDAQ:III - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The firm had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million.

Separately, Singular Research raised shares of Information Services Group to a "moderate buy" rating in a report on Wednesday, August 28th.

Information Services Group Stock Down 0.6 %

Shares of III stock traded down $0.02 during mid-day trading on Thursday, reaching $3.14. 55,550 shares of the company were exchanged, compared to its average volume of 104,875. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14. The business's 50 day simple moving average is $3.26 and its 200 day simple moving average is $3.33. The company has a market capitalization of $152.81 million, a P/E ratio of -158.00, a P/E/G ratio of 2.10 and a beta of 0.95. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $4.98.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 6th were given a $0.045 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.18 annualized dividend and a dividend yield of 5.73%. Information Services Group's payout ratio is -900.00%.

Institutional Trading of Information Services Group

Several institutional investors have recently added to or reduced their stakes in III. CHICAGO TRUST Co NA bought a new stake in shares of Information Services Group during the 2nd quarter valued at about $30,000. Arkadios Wealth Advisors bought a new stake in shares of Information Services Group in the 2nd quarter worth approximately $32,000. The Manufacturers Life Insurance Company acquired a new position in Information Services Group during the 2nd quarter valued at approximately $35,000. Price T Rowe Associates Inc. MD bought a new position in Information Services Group during the 1st quarter worth $45,000. Finally, SG Americas Securities LLC acquired a new stake in Information Services Group in the third quarter worth $49,000. Institutional investors own 73.10% of the company's stock.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.