Insider Selling: IDT Corp. (IDT) Chairman Sells 13,728 Shares of Stock
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 13,728 shares of the stock in a transaction 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 transaction, the chairman now owns 117,001 shares of the company’s stock, valued at approximately $2,049,857.52. The sale was disclosed in a filing with the SEC, which is accessible through this link.
IDT Corp. (NYSE:IDT) opened at 17.32 on Tuesday. IDT Corp. has a 52 week low of $10.76 and a 52 week high of $17.72. The firm has a market cap of $398.79 million, a PE ratio of 16.82 and a beta of 0.83. The stock has a 50 day moving average of $15.12 and a 200-day moving average of $14.99.
IDT Corp. (NYSE:IDT) last released 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 business earned $368.10 million during the quarter, compared to analysts’ expectations of $405.80 million. Analysts expect that IDT Corp. will post $1.70 earnings per share for the current 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. The ex-dividend date of this dividend is Thursday, October 6th. This is a boost from IDT Corp.’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 4.39%. IDT Corp.’s dividend payout ratio (DPR) is currently 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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