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

IDT (NYSE:IDT) issued its earnings results on Monday. The utilities provider reported $0.94 earnings per share 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 analysts’ expectations of $319.00 million. IDT had a return on equity of 24.36% and a net margin of 6.41%.

IDT Trading Up 2.9%

Shares of IDT stock traded up $1.96 on Monday, reaching $69.42. 319,657 shares of the company were exchanged, compared to its average volume of 177,743. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 21.23 and a beta of 0.62. The stock has a fifty day moving average price of $67.36 and a 200-day moving average price of $58.23. IDT has a fifty-two week low of $45.72 and a fifty-two week high of $72.13.

IDT Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IDT in a report on Tuesday, September 22nd. 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”.

About IDT

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.