IDT Corporation (IDT) Releases Quarterly Earnings Results
IDT Corporation (NYSE:IDT) announced its quarterly earnings data on Tuesday. The utilities provider reported ($0.42) EPS for the quarter, reports. IDT Corporation had a net margin of 1.97% and a return on equity of 22.31%.
Shares of IDT Corporation (NYSE IDT) opened at 14.75 on Wednesday. The firm has a 50-day moving average of $14.29 and a 200 day moving average of $14.76. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The stock has a market capitalization of $366.33 million, a PE ratio of 11.72 and a beta of 1.13.
Several analysts have recently weighed in on IDT shares. TheStreet upgraded IDT Corporation from a “c+” rating to a “b-” rating in a research report on Friday, June 16th. BidaskClub raised shares of IDT Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th.
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In related news, Director Judah Schorr purchased 7,000 shares of IDT Corporation stock in a transaction dated Thursday, July 13th. The shares were acquired at an average cost of $14.82 per share, with a total value of $103,740.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.80% of the stock is owned by company insiders.
About IDT Corporation
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include 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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