IDT (NYSE:IDT) Issues Quarterly Earnings Results

IDT (NYSE:IDT) announced its earnings results on Thursday. The utilities provider reported $0.81 EPS for the quarter, Zacks reports. IDT had a net margin of 6.10% and a return on equity of 22.18%. The business had revenue of $303.35 million during the quarter.

IDT Price Performance

Shares of IDT stock opened at $50.96 on Friday. The stock has a market cap of $1.29 billion, a P/E ratio of 17.45 and a beta of 0.84. The company has a fifty day moving average price of $47.78 and a two-hundred day moving average price of $45.86. IDT has a one year low of $33.84 and a one year high of $58.77.

IDT Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were paid a $0.05 dividend. This represents a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 23rd. IDT’s dividend payout ratio is currently 6.35%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of IDT from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 1st.

Insider Buying and Selling at IDT

In other news, EVP Nadine Shea sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.74, for a total transaction of $53,740.00. Following the completion of the sale, the executive vice president now owns 4,775 shares in the company, valued at approximately $256,608.50. This trade represents a 17.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO David Wartell sold 17,116 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $47.11, for a total transaction of $806,334.76. The disclosure for this sale can be found here. Corporate insiders own 25.32% of the company’s stock.

IDT Company Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.