IDT (NYSE:IDT) Shares Down 6.9% – Here’s What Happened

IDT Corporation (NYSE:IDT) was down 6.9% on Wednesday . The company traded as low as $48.00 and last traded at $48.0950. Approximately 35,138 shares changed hands during trading, a decline of 76% from the average daily volume of 146,432 shares. The stock had previously closed at $51.65.

Key IDT News

Here are the key news stories impacting IDT this week:

• Positive Sentiment: Company raised FY2026 adjusted EBITDA guidance to $147M–$149M (midpoint ≈ +12% YoY), signaling stronger-than-expected profitability outlook. IDT raises guidance
• Positive Sentiment: Record quarterly gross profit, improved gross margins and increased Adjusted EBITDA and non‑GAAP EPS ($1.00) driven by growth in NRS, BOSS Money and net2phone; consolidated revenue topped estimates (~$320.5M vs. consensus ~$302–305M). Earnings press release
• Positive Sentiment: Board increased the annual dividend by ~17% to $0.28 and declared a $0.07 quarterly payout—a sign of confidence and a modest cash return to shareholders. Dividend article
• Neutral Sentiment: Company continued buybacks (308K shares year‑to‑date, ~$15M) and ended the quarter with a strong cash position and no net debt—positive credit/cash profile but modest repurchase scale relative to market cap. Earnings press release
• Negative Sentiment: Earnings were mixed: GAAP diluted EPS came in at $0.84 (Quiver/others flagged this as below some street EPS references), while non‑GAAP EPS was $1.00—investors may be discounting non‑GAAP adjustments. Quiver earnings summary
• Negative Sentiment: Certain operating metrics under pressure: income from operations declined vs. prior year; Advertising & Data recurring revenue fell (~10%); Traditional Communications gross profit declined—these mix and margin headwinds temper the upbeat headlines. Segment detail
• Negative Sentiment: Insider sales and notable institutional rebalancing (some large holders reduced positions in recent quarters) may be adding selling pressure despite the company’s operational positives. Insider & institutional activity

Wall Street Analyst Weigh In

Several research firms have issued reports on IDT. Wall Street Zen lowered IDT from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, IDT presently has a consensus rating of “Hold”.

IDT Stock Down 5.1%

The business has a 50-day moving average price of $49.90 and a 200-day moving average price of $52.76. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.25 and a beta of 0.76.

IDT (NYSE:IDT) last posted its quarterly earnings data on Tuesday, March 10th. The utilities provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. IDT had a return on equity of 27.12% and a net margin of 6.53%.The firm had revenue of $320.52 million during the quarter, compared to analysts’ expectations of $302.00 million.

IDT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 19th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from IDT’s previous quarterly dividend of $0.06. IDT’s payout ratio is 7.45%.

Insider Buying and Selling

In related news, CFO Marcelo Fischer sold 920 shares of IDT stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $52.04, for a total value of $47,876.80. Following the completion of the sale, the chief financial officer directly owned 55,943 shares in the company, valued at $2,911,273.72. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 8,570 shares of company stock valued at $446,073. 25.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of IDT in the third quarter worth $96,000. Gabelli Funds LLC purchased a new stake in shares of IDT during the second quarter valued at $239,000. State of Tennessee Department of Treasury acquired a new position in shares of IDT in the 4th quarter valued at $268,000. Ameriprise Financial Inc. acquired a new position in shares of IDT in the 3rd quarter valued at $399,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in IDT by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,156 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

IDT Company Profile

IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.

Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.