Howard S. Jonas Sells 19,914 Shares of IDT Corp. (IDT) Stock
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 19,914 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $17.63, for a total transaction of $351,083.82. Following the completion of the sale, the chairman now directly owns 117,001 shares in the company, valued at $2,062,727.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
IDT Corp. (NYSE:IDT) traded up 1.25% during midday trading on Wednesday, hitting $17.76. 93,337 shares of the company traded hands. IDT Corp. has a 12-month low of $10.76 and a 12-month high of $18.17. The company has a market cap of $408.92 million, a PE ratio of 17.24 and a beta of 0.83. The stock has a 50 day moving average price of $16.08 and a 200-day moving average price of $15.16.
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. The business earned $368.10 million during the quarter, compared to the consensus estimate of $405.80 million. IDT Corp. had a net margin of 1.57% and a return on equity of 25.70%. Analysts expect that IDT Corp. will post $1.70 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.28%. This is an increase from IDT Corp.’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, October 6th. IDT Corp.’s dividend payout ratio is presently 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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