Howard S. Jonas Sells 17,247 Shares of IDT Corp. (IDT) Stock
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 17,247 shares of IDT Corp. stock in a transaction on Friday, October 14th. The shares were sold at an average price of $17.55, for a total transaction of $302,684.85. Following the completion of the sale, the chairman now owns 117,001 shares of the company’s stock, valued at approximately $2,053,367.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of IDT Corp. (NYSE:IDT) opened at 17.54 on Wednesday. The stock has a 50 day moving average of $16.08 and a 200 day moving average of $15.16. IDT Corp. has a 1-year low of $10.76 and a 1-year high of $18.17. The company has a market cap of $403.86 million, a price-to-earnings ratio of 17.03 and a beta of 0.83.
IDT Corp. (NYSE:IDT) last issued its earnings results on Wednesday, September 28th. The company reported $0.50 earnings per share (EPS) for the quarter. The business 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%. Analysts predict that IDT Corp. will post $1.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be paid a $0.19 dividend. The ex-dividend date is Thursday, October 6th. This represents a $0.76 annualized dividend and a yield of 4.33%. This is a positive change from IDT Corp.’s previous quarterly dividend of $0.18. IDT Corp.’s dividend payout ratio is currently 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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