Information Services Group (III) to Release Earnings on Thursday

Information Services Group (NASDAQ:III) will post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Information Services Group to post earnings of $0.06 per share for the quarter. Information Services Group has set its Q1 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The business had revenue of $66.19 million during the quarter, compared to analysts’ expectations of $69.16 million. Information Services Group had a net margin of 2.12% and a return on equity of 12.89%. On average, analysts expect Information Services Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Information Services Group Trading Down 0.9 %

Shares of III opened at $3.34 on Thursday. The company has a market capitalization of $161.42 million, a P/E ratio of 27.83, a P/E/G ratio of 0.95 and a beta of 0.94. Information Services Group has a one year low of $3.32 and a one year high of $5.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a 50-day moving average price of $3.95 and a 200 day moving average price of $4.26.

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend was Monday, March 18th. Information Services Group’s dividend payout ratio is currently 150.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com downgraded Information Services Group from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of Information Services Group in a report on Wednesday, March 6th.

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.