Inteliquent Inc Declares Quarterly Dividend of $0.15 (IQNT)
Inteliquent (NASDAQ:IQNT) announced a quarterly dividend on Wednesday, August 13th, American Banking News reports. Stockholders of record on Wednesday, September 10th will be paid a dividend of 0.15 per share on Wednesday, September 24th. This represents a $0.60 annualized dividend and a dividend yield of 5.75%.
A number of research firms have recently commented on IQNT. Analysts at Zacks downgraded shares of Inteliquent from an “outperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $13.90 price target on the stock. On the ratings front, analysts at Raymond James reiterated an “outperform” rating on shares of Inteliquent in a research note on Friday, July 25th. They now have a $15.00 price target on the stock, down previously from $17.00. Finally, analysts at BWS Financial reiterated a “buy” rating on shares of Inteliquent in a research note on Monday, June 16th.
Shares of Inteliquent (NASDAQ:IQNT) traded up 0.10% on Wednesday, hitting $10.45. The stock had a trading volume of 706,743 shares. Inteliquent has a one year low of $7.01 and a one year high of $15.93. The stock has a 50-day moving average of $12.79 and a 200-day moving average of $13.60. The company has a market cap of $346.0 million and a P/E ratio of 10.09.
Inteliquent (NASDAQ:IQNT) last released its earnings data on Thursday, July 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $54.90 million for the quarter, compared to the consensus estimate of $55.24 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Inteliquent will post $0.99 EPS for the current fiscal year.
In other Inteliquent news, Director Joseph Beatty purchased 20,000 shares of the stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $10.35 per share, for a total transaction of $207,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.
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