Q3 2024 Earnings Estimate for Information Services Group, Inc. (NASDAQ:III) Issued By Barrington Research

Information Services Group, Inc. (NASDAQ:III) – Equities researchers at Barrington Research reduced their Q3 2024 earnings per share estimates for shares of Information Services Group in a research note issued on Tuesday, October 8th. Barrington Research analyst V. Colicchio now forecasts that the business services provider will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.03. Barrington Research has a “Outperform” rating and a $3.50 price objective on the stock. The consensus estimate for Information Services Group’s current full-year earnings is $0.10 per share. Barrington Research also issued estimates for Information Services Group’s Q4 2024 earnings at $0.02 EPS and FY2025 earnings at $0.19 EPS.

Separately, Singular Research raised Information Services Group to a “moderate buy” rating in a research report on Wednesday, August 28th.

Information Services Group Trading Down 0.3 %

Information Services Group stock opened at $3.16 on Wednesday. Information Services Group has a 12 month low of $2.92 and a 12 month high of $4.98. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The stock has a market cap of $153.78 million, a P/E ratio of -158.00, a P/E/G ratio of 2.10 and a beta of 0.95. The company’s fifty day simple moving average is $3.27 and its 200-day simple moving average is $3.33.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 7.48%. The firm had revenue of $64.26 million for the quarter, compared to the consensus estimate of $65.51 million.

Information Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 6th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend was Friday, September 6th. Information Services Group’s payout ratio is presently -900.00%.

Institutional Investors Weigh In On Information Services Group

Large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its position in shares of Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after purchasing an additional 293,328 shares during the period. Blair William & Co. IL raised its holdings in Information Services Group by 6.1% in the 1st quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after acquiring an additional 46,799 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Information Services Group in the 1st quarter worth $45,000. Arkadios Wealth Advisors acquired a new position in Information Services Group during the 2nd quarter worth $32,000. Finally, Vanguard Group Inc. boosted its holdings in Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after acquiring an additional 15,028 shares during the period. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Company Profile

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.