IDT Corp. (IDT) Chairman Howard S. Jonas Sells 17,247 Shares
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 17,247 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $17.55, for a total transaction of $302,684.85. Following the sale, the chairman now directly owns 117,001 shares of the company’s stock, valued at approximately $2,053,367.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of IDT Corp. (NYSE:IDT) traded up 0.11% during mid-day trading on Monday, hitting $17.50. 119,360 shares of the stock were exchanged. IDT Corp. has a 52 week low of $10.76 and a 52 week high of $18.17. The stock’s 50-day moving average is $15.93 and its 200-day moving average is $15.15. The stock has a market capitalization of $402.94 million, a price-to-earnings ratio of 16.99 and a beta of 0.83.
IDT Corp. (NYSE:IDT) last released its quarterly earnings results on Wednesday, September 28th. The company reported $0.50 earnings per share for the quarter. IDT Corp. had a net margin of 1.57% and a return on equity of 25.70%. The company had revenue of $368.10 million for the quarter, compared to analyst estimates of $405.80 million. Analysts forecast that IDT Corp. will post $1.70 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Tuesday, October 11th will be given a dividend of $0.19 per share. This is a positive change from IDT Corp.’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, October 6th. IDT Corp.’s dividend payout ratio (DPR) 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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