Sidoti Csr Comments on Information Services Group, Inc.’s Q1 2024 Earnings (NASDAQ:III)

Information Services Group, Inc. (NASDAQ:III) – Equities researchers at Sidoti Csr reduced their Q1 2024 earnings estimates for shares of Information Services Group in a research report issued on Monday, May 6th. Sidoti Csr analyst M. Riddick now expects that the business services provider will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.04. The consensus estimate for Information Services Group’s current full-year earnings is $0.24 per share. Sidoti Csr also issued estimates for Information Services Group’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.12 EPS and FY2024 earnings at $0.32 EPS.

Information Services Group (NASDAQ:III) last posted 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 firm had revenue of $66.19 million for 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%.

Other equities research analysts also recently issued research reports about the stock. Barrington Research reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Information Services Group in a research report on Wednesday, March 6th. StockNews.com downgraded Information Services Group from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

Information Services Group Stock Performance

Shares of NASDAQ III opened at $3.30 on Thursday. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $4.22. Information Services Group has a 52-week low of $3.30 and a 52-week high of $5.87. The company has a market cap of $159.51 million, a PE ratio of 27.50, a PEG ratio of 0.92 and a beta of 1.00. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Private Capital Management LLC boosted its position in shares of Information Services Group by 1.7% during the fourth quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock worth $23,603,000 after acquiring an additional 81,891 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Information Services Group by 2.6% in the 3rd quarter. LSV Asset Management now owns 1,419,050 shares of the business services provider’s stock valued at $6,215,000 after acquiring an additional 35,598 shares during the last quarter. Blair William & Co. IL grew its position in Information Services Group by 6.1% in the first 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 in the last quarter. Potomac Capital Management Inc. raised its position in Information Services Group by 4.7% during the third quarter. Potomac Capital Management Inc. now owns 166,000 shares of the business services provider’s stock valued at $727,000 after purchasing an additional 7,518 shares during the period. Finally, Equitable Trust Co. boosted its stake in Information Services Group by 14.7% during the fourth quarter. Equitable Trust Co. now owns 129,312 shares of the business services provider’s stock worth $609,000 after buying an additional 16,580 shares during the period. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.045 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.18 dividend on an annualized basis and a yield of 5.45%. Information Services Group’s dividend payout ratio is currently 150.00%.

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.