Equities analysts expect Information Services Group, Inc. (NASDAQ:III) to post $0.08 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Information Services Group’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Information Services Group posted earnings per share of $0.14 during the same quarter last year, which indicates a negative year over year growth rate of 42.9%. The firm is expected to announce its next quarterly earnings report 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 year, with EPS estimates ranging from $0.25 to $0.28. For the next fiscal year, analysts anticipate 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 EPS 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 issued its quarterly earnings data on Monday, August 5th. The business services provider reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Information Services Group had a net margin of 1.00% and a return on equity of 8.37%. The firm had revenue of $67.33 million for the quarter, compared to analyst estimates of $69.40 million.

III has been the topic of several recent research reports. Zacks Investment Research lowered shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. CIBC reaffirmed a “hold” rating and issued a $3.00 target price on shares of Information Services Group in a research note on Thursday, May 16th. ValuEngine raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research note on Monday, August 26th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.75.

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

A number of institutional investors have recently added to or reduced their stakes in III. Bank of America Corp DE boosted its stake in Information Services Group by 55.9% during the 4th quarter. Bank of America Corp DE now owns 30,715 shares of the business services provider’s stock worth $131,000 after acquiring an additional 11,016 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in 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 during the last quarter. SG Americas Securities LLC bought a new position in Information Services Group during the 1st quarter worth approximately $96,000. Wedge Capital Management L L P NC boosted its stake in Information Services Group by 19.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 208,958 shares of the business services provider’s stock worth $779,000 after acquiring an additional 34,571 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in Information Services Group during the 1st quarter worth approximately $40,000. 47.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ III remained flat at $$2.73 during mid-day trading on Friday. 55,025 shares of the stock traded hands, compared to its average volume of 79,551. The stock has a market capitalization of $126.04 million, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.46. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.14. Information Services Group has a one year low of $2.19 and a one year high of $5.09. The company has a 50 day simple moving average of $2.60 and a two-hundred day simple moving average of $3.25.

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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