IDT Corp. (IDT) Chairman Howard S. Jonas Sells 41,518 Shares
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 41,518 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was 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 approximately $2,073,257.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
IDT Corp. (NYSE:IDT) opened at 17.46 on Friday. The firm has a market cap of $402.02 million, a PE ratio of 16.95 and a beta of 0.83. The company has a 50 day moving average price of $15.86 and a 200 day moving average price of $15.13. IDT Corp. has a 1-year low of $10.76 and a 1-year high of $18.17.
IDT Corp. (NYSE:IDT) last released its earnings results on Wednesday, September 28th. The company reported $0.50 earnings per share (EPS) for the quarter. The company 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%. On average, equities research analysts forecast that IDT Corp. will post $1.70 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Tuesday, October 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.35%. This is a positive change from IDT Corp.’s previous quarterly dividend of $0.18. IDT Corp.’s dividend payout ratio is presently 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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