Howard S. Jonas Sells 48,360 Shares of IDT Corp. (IDT) Stock
IDT Corp. (NYSE:IDT) Chairman Howard S. Jonas sold 48,360 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $17.80, for a total transaction of $860,808.00. Following the completion of the transaction, the chairman now owns 117,001 shares in the company, valued at approximately $2,082,617.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
IDT Corp. (NYSE:IDT) opened at 17.46 on Friday. The stock has a market cap of $402.02 million, a PE ratio of 16.95 and a beta of 0.83. IDT Corp. has a 52-week low of $10.76 and a 52-week high of $18.17. The firm has a 50 day moving average of $15.86 and a 200-day moving average of $15.13.
IDT Corp. (NYSE:IDT) last announced its quarterly earnings data on Wednesday, September 28th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm earned $368.10 million during the quarter, compared to analysts’ expectations of $405.80 million. IDT Corp. had a net margin of 1.57% and a return on equity of 25.70%. Equities analysts anticipate that IDT Corp. will post $1.70 earnings per share for the current fiscal year.
The business also recently announced 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. 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%. IDT Corp.’s dividend payout ratio is currently 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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