Howard S. Jonas Sells 41,518 Shares of IDT Corp. (IDT) Stock

IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 41,518 shares of IDT Corp. stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $17.72, for a total transaction of $735,698.96. Following the sale, the chairman now directly owns 117,001 shares of the company’s stock, valued at approximately $2,073,257.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of IDT Corp. (NYSE:IDT) opened at 17.50 on Tuesday. The stock’s 50 day moving average is $16.00 and its 200 day moving average is $15.15. IDT Corp. has a 1-year low of $10.76 and a 1-year high of $18.17. The company has a market cap of $402.94 million, a P/E ratio of 16.99 and a beta of 0.83.

IDT Corp. (NYSE:IDT) last issued its quarterly earnings data on Wednesday, September 28th. The company reported $0.50 EPS for the quarter. IDT Corp. had a net margin of 1.57% and a return on equity of 25.70%. The firm had revenue of $368.10 million for the quarter, compared to analyst estimates of $405.80 million. On average, analysts predict that IDT Corp. will post $1.70 earnings per share for the current year.

Insider Buying and Selling by Quarter for IDT Corp. (NYSE:IDT)

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Tuesday, October 11th will be issued a $0.19 dividend. This is a positive change from IDT Corp.’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Thursday, October 6th. IDT Corp.’s dividend payout ratio is currently 73.79%.

About IDT Corp.

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.

5 Day Chart for NYSE:IDT

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