Wall Street analysts expect Information Services Group, Inc. (NASDAQ:III) to report $69.34 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Information Services Group’s earnings, with the lowest sales estimate coming in at $67.92 million and the highest estimate coming in at $71.75 million. Information Services Group posted sales of $54.29 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Information Services Group will report full-year sales of $69.34 million for the current year, with estimates ranging from $270.86 million to $274.69 million. For the next financial year, analysts anticipate that the company will post sales of $287.97 million per share, with estimates ranging from $282.78 million to $290.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Information Services Group.
Information Services Group (NASDAQ:III) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. Information Services Group had a negative net margin of 2.97% and a negative return on equity of 4.66%.
Shares of Information Services Group (NASDAQ III) traded up $0.09 during trading hours on Friday, reaching $4.19. 82,095 shares of the company traded hands, compared to its average volume of 25,306. Information Services Group has a one year low of $2.95 and a one year high of $4.63. The stock has a market capitalization of $181.85, a price-to-earnings ratio of -19.95, a PEG ratio of 1.36 and a beta of 0.38. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.89 and a quick ratio of 1.89.
In related news, Director Kalpana Raina sold 18,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $4.02, for a total value of $72,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in Information Services Group by 76.8% during the second quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock valued at $114,000 after buying an additional 12,098 shares during the period. Wells Fargo & Company MN boosted its position in Information Services Group by 82.7% during the third quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock valued at $128,000 after buying an additional 14,444 shares during the period. Rhumbline Advisers boosted its position in Information Services Group by 6.1% during the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,890 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Information Services Group during the second quarter valued at about $188,000. Finally, Teachers Advisors LLC boosted its holdings in shares of Information Services Group by 12.6% during the second quarter. Teachers Advisors LLC now owns 72,314 shares of the business services provider’s stock worth $297,000 after purchasing an additional 8,076 shares during the period. Institutional investors and hedge funds own 42.06% of the company’s stock.
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About Information Services Group
Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.
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