Key Points
- IDT Chief Accounting Officer Mitch Silberman sold shares in two transactions, including 805 shares for approximately $66,123 at an average price of $82.14 and an additional 2,327 shares worth about $188,557.
- IDT shares were trading near their 52-week high at $82.39, with a $2.05 billion market capitalization. The company’s latest quarterly revenue exceeded expectations, but earnings per share fell short of analyst estimates.
- Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an $85 price target. IDT also paid a quarterly dividend of $0.07 per share, equivalent to a 0.3% annualized yield.
IDT Corporation (NYSE:IDT - Get Free Report) CAO Mitch Silberman sold 805 shares of IDT stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $82.14, for a total value of $66,122.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Mitch Silberman also recently made the following trade(s):
- On Thursday, October 15th, Mitch Silberman sold 2,327 shares of IDT stock. The shares were sold at an average price of $81.03, for a total value of $188,556.81.
IDT Price Performance
IDT stock opened at $82.39 on Friday. The stock has a market capitalization of $2.05 billion, a P/E ratio of 23.75 and a beta of 0.60. The business has a 50-day moving average of $71.35 and a 200-day moving average of $61.31. IDT Corporation has a fifty-two week low of $46.48 and a fifty-two week high of $82.91.
IDT (NYSE:IDT - Get Free Report) last posted its quarterly earnings data on Monday, September 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.04). IDT had a return on equity of 24.22% and a net margin of 6.67%. The firm had revenue of $338.98 million for the quarter, compared to the consensus estimate of $319.00 million. Equities analysts expect that IDT Corporation will post 3.86 EPS for the current year.
IDT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, October 5th were issued a $0.07 dividend. The ex-dividend date was Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. IDT's dividend payout ratio (DPR) is 8.07%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on IDT. Zacks Research upgraded shares of IDT to a "hold" rating in a report on Monday, October 5th. Weiss Ratings raised shares of IDT from a "hold (c+)" rating to a "buy (b)" rating in a research report on Tuesday, October 6th. Finally, Freedom Broker lifted their price target on shares of IDT from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.00.
Read Our Latest Report on IDT
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Kahn Brothers Group Inc. bought a new position in IDT in the second quarter valued at approximately $18,292,990,000. Tidal Investments LLC acquired a new position in shares of IDT during the 2nd quarter worth approximately $646,000. Public Employees Retirement System of Ohio bought a new stake in shares of IDT during the 2nd quarter worth approximately $596,000. Entropy Technologies LP bought a new stake in shares of IDT during the 1st quarter worth approximately $264,000. Finally, Corient Private Wealth LP bought a new stake in shares of IDT during the 2nd quarter worth approximately $252,000. 59.34% of the stock is owned by institutional investors and hedge funds.
About IDT
(
Get Free Report)
IDT Corporation (NYSE: IDT) is a telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.
Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.
IDT's National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.
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