IDT Corporation (IDT) Releases Earnings Results
IDT Corporation (NYSE:IDT) issued its quarterly earnings results on Tuesday. The utilities provider reported ($0.42) earnings per share for the quarter, reports. IDT Corporation had a return on equity of 22.31% and a net margin of 1.97%.
IDT Corporation (IDT) traded up 3.95% on Tuesday, hitting $14.75. The company’s stock had a trading volume of 233,630 shares. IDT Corporation has a 12 month low of $12.03 and a 12 month high of $23.13. The firm has a 50 day moving average of $14.29 and a 200-day moving average of $14.76. The stock has a market cap of $366.33 million, a PE ratio of 11.72 and a beta of 1.13.
Several brokerages recently commented on IDT. BidaskClub upgraded shares of IDT Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. TheStreet upgraded shares of IDT Corporation from a “c+” rating to a “b-” rating in a research note on Friday, June 16th.
In other news, Director Judah Schorr acquired 7,000 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was bought at an average cost of $14.82 per share, with a total value of $103,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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