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

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 issued on Monday, December 3rd. Jefferies Financial Group analyst H. Sato now forecasts that the communications equipment provider will earn $0.54 per share for the year, up from their prior forecast of $0.51.

Separately, Zacks Investment Research downgraded Internet Initiative Japan from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

NASDAQ IIJI opened at $11.88 on Thursday. The company has a market capitalization of $1.10 billion, a PE ratio of 22.85, a P/E/G ratio of 1.94 and a beta of 0.68. 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Internet Initiative Japan in the 2nd quarter valued at approximately $147,000. Renaissance Technologies LLC boosted its holdings in shares of Internet Initiative Japan by 3.2% in the 3rd quarter. Renaissance Technologies LLC now owns 415,315 shares of the communications equipment provider’s stock valued at $4,191,000 after buying an additional 12,715 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Internet Initiative Japan in the 3rd quarter valued at approximately $107,000. 0.51% of the stock is owned by institutional investors.

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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