IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 48,360 shares of the stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $17.80, for a total transaction of $860,808.00. Following the completion of the transaction, the chairman now owns 117,001 shares of the company’s stock, valued at $2,082,617.80. The sale was disclosed in a document filed with the SEC, which is available through this link.
IDT Corp. (NYSE:IDT) opened at 17.53 on Thursday. IDT Corp. has a 52 week low of $10.76 and a 52 week high of $18.17. The company has a 50 day moving average of $15.78 and a 200 day moving average of $15.12. The company has a market capitalization of $403.63 million, a price-to-earnings ratio of 17.02 and a beta of 0.83.
IDT Corp. (NYSE:IDT) last released its quarterly earnings data 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 earned $368.10 million during the quarter, compared to analyst estimates of $405.80 million. On average, equities analysts forecast that IDT Corp. will post $1.70 EPS for the current fiscal year.
The company also recently declared 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 represents a $0.76 annualized dividend and a dividend yield of 4.34%. 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%.
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.
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