IDT (NYSE:IDT) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

IDT (NYSE:IDT – Get Free Report) released its earnings results on Monday. The utilities provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.04), FiscalAI reports. The firm had revenue of $338.98 million during the quarter, compared to analyst estimates of $319.00 million. IDT had a net margin of 6.41% and a return on equity of 24.36%.

IDT Stock Performance

IDT stock traded up $1.96 during midday trading on Monday, hitting $69.42. 319,657 shares of the company’s stock were exchanged, compared to its average volume of 177,743. IDT has a one year low of $45.72 and a one year high of $72.13. The stock’s fifty day moving average price is $67.36 and its 200-day moving average price is $58.23. The company has a market cap of $1.73 billion, a PE ratio of 21.23 and a beta of 0.62.

IDT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Monday, October 5th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, October 5th. IDT’s dividend payout ratio (DPR) is presently 8.56%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Check Out Our Latest Research Report on IDT

IDT Company Profile

(Get Free Report)

IDT Corporation is a telecommunications and financial technology company that provides communications, payment and business services to consumers, small businesses and retail customers. The company operates through brands and businesses focused on international calling, mobile top-ups, money transfers, cloud communications and retail technology.

Its BOSS Revolution platform offers international calling, prepaid wireless services, mobile recharging and international money transfers, primarily serving immigrant and international communities.

Recommended Stories

Earnings History for IDT (NYSE:IDT)

Receive News & Ratings for IDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT and related companies with MarketBeat.com's FREE daily email newsletter.