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Jefferies Financial Group Comments on Internet Initiative Japan Inc.’s FY2020 Earnings (IIJI) – Fairfield Current


Internet Initiative Japan Inc. (NASDAQ:IIJI) – Research analysts at Jefferies Financial Group increased their FY2020 earnings per share estimates for shares of Internet Initiative Japan in a report released on Monday, December 3rd. Jefferies Financial Group analyst H. Sato now anticipates that the communications equipment provider will post earnings per share of $0.54 for the year, up from their prior forecast of $0.51.

Separately, Zacks Investment Research raised Internet Initiative Japan from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Thursday.

Internet Initiative Japan stock opened at $11.88 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 1.50. Internet Initiative Japan has a 12-month low of $8.76 and a 12-month high of $12.50. The stock has a market capitalization of $1.10 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68.

A number of large investors have recently made changes to their positions in the business. Rhumbline Advisers bought a new stake in Internet Initiative Japan during the 3rd quarter worth about $107,000. Renaissance Technologies LLC raised its holdings in Internet Initiative Japan by 3.2% during the 3rd quarter. Renaissance Technologies LLC now owns 415,315 shares of the communications equipment provider’s stock worth $4,191,000 after purchasing an additional 12,715 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Internet Initiative Japan during the 2nd quarter worth about $147,000. 0.51% of the stock is owned by hedge funds and other institutional investors.

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About Internet Initiative Japan

Internet Initiative Japan Inc offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company’s Internet connectivity services for enterprise include IP services and IIJ data center connectivity services, IIJ FiberAccess/F and IIJ DSL/F services, IIJ mobile services, and dial-up access services, as well as other Internet connectivity services comprising IIJ ISDN/F and IIJ line management/F services.

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Earnings History and Estimates for Internet Initiative Japan (NASDAQ:IIJI)

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