FY2023 EPS Estimates for Internet Initiative Japan Inc. (OTCMKTS:IIJIY) Cut by Analyst

Internet Initiative Japan Inc. (OTCMKTS:IIJIY – Get Rating) – Equities researchers at Jefferies Financial Group lowered their FY2023 earnings per share estimates for Internet Initiative Japan in a research report issued on Wednesday, June 1st. Jefferies Financial Group analyst H. Sato now forecasts that the communications equipment provider will earn $1.66 per share for the year, down from their prior estimate of $1.75. Jefferies Financial Group also issued estimates for Internet Initiative Japan’s FY2024 earnings at $1.94 EPS and FY2025 earnings at $2.18 EPS.

Separately, Zacks Investment Research upgraded shares of Internet Initiative Japan from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th.

IIJIY stock opened at $37.30 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.28 and a current ratio of 1.31. The firm has a 50 day simple moving average of $33.58 and a 200 day simple moving average of $35.18. Internet Initiative Japan has a 52 week low of $25.77 and a 52 week high of $43.60.

About Internet Initiative Japan (Get Rating)

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi cloud network, closed connection, internet VPN, SEIL, remote access, and wireless LAN; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for network, mail, Web, endpoint, ID management and authentication, and security assesment/consulting.

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