IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 41,518 shares of IDT Corp. stock in a transaction on Wednesday, October 12th. The shares were sold at an average price of $17.72, for a total value of $735,698.96. Following the completion of the sale, the chairman now directly owns 117,001 shares of the company’s stock, valued at approximately $2,073,257.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of IDT Corp. (NYSE:IDT) opened at 17.54 on Wednesday. IDT Corp. has a 12 month low of $10.76 and a 12 month high of $18.17. The stock has a 50 day moving average price of $16.08 and a 200-day moving average price of $15.16. The stock has a market cap of $403.86 million, a P/E ratio of 17.03 and a beta of 0.83.
IDT Corp. (NYSE:IDT) last issued its quarterly earnings results on Wednesday, September 28th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm 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%. On average, analysts forecast that IDT Corp. will post $1.70 EPS for the current fiscal year.
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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from IDT Corp.’s previous quarterly dividend of $0.18. IDT Corp.’s dividend payout ratio is 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.
Receive News & Ratings for IDT Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT Corp. and related companies with MarketBeat.com's FREE daily email newsletter.