IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 13,728 shares of IDT Corp. stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $17.52, for a total transaction of $240,514.56. Following the completion of the sale, the chairman now owns 117,001 shares of the company’s stock, valued at approximately $2,049,857.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of IDT Corp. (NYSE:IDT) opened at 17.16 on Thursday. The company has a 50-day moving average of $15.29 and a 200 day moving average of $15.02. The firm has a market cap of $395.11 million, a P/E ratio of 16.66 and a beta of 0.83. IDT Corp. has a 12-month low of $10.76 and a 12-month high of $17.72.
IDT Corp. (NYSE:IDT) last issued its earnings results on Wednesday, September 28th. The company reported $0.50 earnings per share for the quarter. IDT Corp. had a net margin of 1.57% and a return on equity of 25.70%. The company had revenue of $368.10 million for the quarter, compared to analyst estimates of $405.80 million. Equities research analysts anticipate that IDT Corp. will post $1.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be given a dividend of $0.19 per share. This is a positive change from IDT Corp.’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, October 6th. IDT Corp.’s dividend payout ratio is presently 73.79%.
IDT Corp. Company Profile
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company operates through segments, including Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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