IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 19,914 shares of the company’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $17.63, for a total transaction of $351,083.82. Following the completion of the sale, the chairman now directly owns 117,001 shares of the company’s stock, valued at $2,062,727.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of IDT Corp. (NYSE:IDT) traded up 1.25% during midday trading on Wednesday, reaching $17.76. 93,337 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $16.08 and a 200-day moving average of $15.16. IDT Corp. has a 1-year low of $10.76 and a 1-year high of $18.17. The company has a market capitalization of $408.92 million, a PE ratio of 17.24 and a beta of 0.83.
IDT Corp. (NYSE:IDT) last issued its earnings results on Wednesday, September 28th. The company reported $0.50 EPS for the quarter. The business earned $368.10 million during the quarter, compared to analyst estimates of $405.80 million. IDT Corp. had a return on equity of 25.70% and a net margin of 1.57%. Equities analysts expect that IDT Corp. will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Tuesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.28%. This is a positive change from IDT Corp.’s previous quarterly dividend of $0.18. The ex-dividend date 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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