Equities research analysts expect Information Services Group, Inc. (NASDAQ:III) to announce $69.34 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided 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 suggests a positive year over year growth rate of 27.7%. The company is scheduled to issue 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 fiscal year, with estimates ranging from $270.86 million to $274.69 million. For the next financial year, analysts anticipate that the business will report sales of $287.97 million per share, with estimates ranging from $282.78 million to $290.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Information Services Group.
Information Services Group (NASDAQ:III) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.07 EPS for the quarter, topping the Zacks’ 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%.
Information Services Group (NASDAQ III) opened at $4.12 on Wednesday. The company has a market cap of $178.81, a P/E ratio of -20.60, a PEG ratio of 1.34 and a beta of 0.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.89 and a current ratio of 1.89. Information Services Group has a 1 year low of $2.95 and a 1 year high of $4.63.
In related news, Director Kalpana Raina sold 18,000 shares of Information Services Group stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $4.02, for a total transaction of $72,360.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 1,890 shares in the last quarter. Vanguard Group Inc. boosted its stake in Information Services Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock valued at $7,165,000 after acquiring an additional 5,181 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Information Services Group by 8.1% in the second quarter. TIAA CREF Investment Management LLC now owns 105,180 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 7,860 shares in the last quarter. Teachers Advisors LLC boosted its stake in Information Services Group by 12.6% in the second quarter. Teachers Advisors LLC now owns 72,314 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 8,076 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Information Services Group by 76.8% in 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 acquiring an additional 12,098 shares in the last quarter. Institutional investors own 41.70% 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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