Howard S. Jonas Sells 48,360 Shares of IDT Corp. (IDT) Stock
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 48,360 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $17.80, for a total value of $860,808.00. Following the completion of the transaction, the chairman now directly owns 117,001 shares of the company’s stock, valued at $2,082,617.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
IDT Corp. (NYSE:IDT) opened at 17.60 on Wednesday. The firm has a market capitalization of $405.24 million, a PE ratio of 17.09 and a beta of 0.83. The firm has a 50-day moving average price of $15.69 and a 200-day moving average price of $15.10. IDT Corp. has a 1-year low of $10.76 and a 1-year high of $18.17.
IDT Corp. (NYSE:IDT) last posted its quarterly earnings data on Wednesday, September 28th. The company reported $0.50 earnings per share for the quarter. IDT Corp. had a return on equity of 25.70% and a net margin of 1.57%. The firm earned $368.10 million during the quarter, compared to analyst estimates of $405.80 million. Equities analysts expect that IDT Corp. will post $1.70 earnings per share for the current fiscal year.
The firm 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 $0.19 dividend. The ex-dividend date of this dividend is Thursday, October 6th. 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 4.32%. IDT Corp.’s dividend payout ratio (DPR) 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.
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