Information Services Group (III) Scheduled to Post Quarterly Earnings on Thursday

Information Services Group (NASDAQ:III) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Information Services Group has set its Q1 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Information Services Group had a return on equity of 12.89% and a net margin of 2.12%. The firm had revenue of $66.19 million for the quarter, compared to analysts’ expectations of $69.16 million. 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 Price Performance

Shares of NASDAQ:III opened at $3.36 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.78. Information Services Group has a 1 year low of $3.32 and a 1 year high of $5.87. The business has a fifty day simple moving average of $3.89 and a 200 day simple moving average of $4.24. The firm has a market cap of $162.39 million, a price-to-earnings ratio of 28.00, a P/E/G ratio of 0.92 and a beta of 1.00.

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.18 annualized dividend and a dividend yield of 5.36%. Information Services Group’s dividend payout ratio is 150.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on III. StockNews.com downgraded shares of Information Services Group from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Barrington Research reissued an “outperform” rating and set a $6.00 target price on shares of Information Services Group in a research 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.