IDT Corp. (IDT) Chairman Howard S. Jonas Sells 41,518 Shares
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 value of $735,698.96. Following the completion of the transaction, the chairman now owns 117,001 shares in the company, valued at $2,073,257.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
IDT Corp. (NYSE:IDT) opened at 17.46 on Friday. IDT Corp. has a 52 week low of $10.76 and a 52 week high of $18.17. The firm has a 50 day moving average price of $15.86 and a 200 day moving average price of $15.13. The stock has a market capitalization of $402.02 million, a P/E ratio of 16.95 and a beta of 0.83.
IDT Corp. (NYSE:IDT) last released its quarterly earnings results on Wednesday, September 28th. The company reported $0.50 EPS for the quarter. IDT Corp. had a return on equity of 25.70% and a net margin of 1.57%. The business had revenue of $368.10 million for the quarter, compared to analysts’ expectations of $405.80 million. Equities research analysts predict that IDT Corp. will post $1.70 earnings per share for the current year.
The firm also recently declared 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. This is a boost from IDT Corp.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.76 annualized dividend and a dividend yield of 4.35%. IDT Corp.’s 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.
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