$68.37 Million in Sales Expected for Information Services Group, Inc. (III) This Quarter

Analysts expect that Information Services Group, Inc. (NASDAQ:III) will post $68.37 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Information Services Group’s earnings. The lowest sales estimate is $64.46 million and the highest is $72.00 million. Information Services Group posted sales of $66.56 million in the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is scheduled to report its next quarterly earnings report on Monday, May 14th.

On average, analysts expect that Information Services Group will report full year sales of $68.37 million for the current financial year, with estimates ranging from $282.78 million to $290.10 million. For the next fiscal year, analysts anticipate that the business will post sales of $311.90 million per share. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Information Services Group.

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III has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. B. Riley reiterated a “buy” rating on shares of Information Services Group in a report on Tuesday. Finally, Barrington Research set a $6.00 price target on shares of Information Services Group and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Information Services Group currently has a consensus rating of “Hold” and an average price target of $5.67.

Shares of Information Services Group (NASDAQ:III) traded down $0.21 during midday trading on Monday, hitting $4.16. 94,384 shares of the stock were exchanged, compared to its average volume of 32,047. The stock has a market capitalization of $188.79, a P/E ratio of -20.81, a PEG ratio of 1.34 and a beta of 0.42. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.63. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.58.

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings 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 worth $114,000 after acquiring an additional 12,098 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Information Services Group by 82.7% in the third quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock worth $128,000 after acquiring an additional 14,444 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Information Services Group by 7,572.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock worth $165,000 after acquiring an additional 39,150 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Information Services Group in the second quarter worth about $188,000. Finally, Teachers Advisors LLC raised its position in shares of 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 worth $297,000 after acquiring an additional 8,076 shares during the period. Hedge funds and other institutional investors own 45.11% 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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