Insider Selling: IDT Corp. (IDT) Chairman Sells $240,514.56 in Stock
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 13,728 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $17.52, for a total value of $240,514.56. Following the sale, the chairman now owns 117,001 shares in the company, valued at approximately $2,049,857.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of IDT Corp. (NYSE:IDT) opened at 17.33 on Friday. The stock has a market cap of $399.02 million, a P/E ratio of 16.83 and a beta of 0.83. IDT Corp. has a 52-week low of $10.76 and a 52-week high of $17.72. The firm’s 50-day moving average price is $15.39 and its 200-day moving average price is $15.04.
IDT Corp. (NYSE:IDT) last announced its earnings results on Wednesday, September 28th. The company reported $0.50 earnings per share for the quarter. The business earned $368.10 million during the quarter, compared to analyst estimates of $405.80 million. IDT Corp. had a net margin of 1.57% and a return on equity of 25.70%. Equities analysts predict that IDT Corp. will post $1.70 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, October 6th. 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 yield of 4.39%. IDT Corp.’s payout ratio is currently 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.
Receive News & Ratings for IDT Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT Corp. and related companies with MarketBeat.com's FREE daily email newsletter.