Key Points
- Insider sale: IDT EVP Nadine Shea sold 600 shares at an average price of $81.22, totaling $48,732 and reducing her stake by 7.21% to 7,725 shares.
- Mixed quarterly results: IDT reported revenue of $338.98 million, above expectations, but EPS of $0.94 missed the $0.98 consensus estimate. Analysts project full-year EPS of $3.86.
- Positive analyst sentiment: Freedom Broker raised its price target to $85 and maintained a “buy” rating, while the overall analyst consensus is “Moderate Buy” with an $85 target price.
IDT Corporation (NYSE:IDT - Get Free Report) EVP Nadine Shea sold 600 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $81.22, for a total value of $48,732.00. Following the completion of the sale, the executive vice president owned 7,725 shares of the company's stock, valued at approximately $627,424.50. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
IDT Stock Performance
Shares of IDT stock opened at $81.95 on Tuesday. The firm has a market cap of $2.04 billion, a P/E ratio of 22.72 and a beta of 0.60. The business's 50 day moving average price is $72.01 and its 200-day moving average price is $61.77. IDT Corporation has a fifty-two week low of $46.48 and a fifty-two week high of $83.18.
IDT (NYSE:IDT - Get Free Report) last issued 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 net margin of 6.67% and a return on equity of 24.22%. The company had revenue of $338.98 million for the quarter, compared to analysts' expectations of $319.00 million. As a group, equities analysts predict that IDT Corporation will post 3.86 EPS for the current year.
IDT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, October 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.3%. IDT's payout ratio is presently 8.07%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of IDT to a "hold" rating in a research report on Monday, October 5th. Freedom Broker raised their price objective on shares of IDT from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of IDT from a "hold (c+)" rating to a "buy (b)" rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.
View Our Latest Stock Analysis on IDT
IDT News Roundup
Here are the key news stories impacting IDT this week:
- Positive Sentiment: Analyst raises price target: Freedom Broker increased its IDT price objective from $75 to $85 and maintained a “buy” rating. The $85 target is above the stock’s recent trading level, while the broader analyst consensus is “Moderate Buy.” Freedom Broker raises target for IDT stock to USD 85.00
- Positive Sentiment: Strong technical momentum: IDT shares are trading substantially above their 50-day moving average of $72.01 and 200-day moving average of $61.77, indicating sustained investor momentum. The company also pays a quarterly dividend of $0.07 per share.
- Neutral Sentiment: Mixed fundamentals: IDT’s latest revenue of $338.98 million exceeded expectations of $319 million, but quarterly EPS of $0.94 fell short of the $0.98 consensus estimate. Analysts currently project full-year EPS of $3.86.
- Negative Sentiment: Multiple insiders sold shares: CFO Marcelo Fischer sold 4,812 shares for approximately $394,969 and previously sold another 4,521 shares for about $365,885. Together, the CFO’s sales totaled roughly $760,854 and reduced his ownership by more than 11% in each reported transaction. IDT CFO sells stock
- Negative Sentiment: Additional executive and director selling: EVP Menachem Ash sold approximately $410,000 of stock, EVP Nadine Shea sold $48,732, and director Schorr sold shares worth about $1.12 million. These transactions may weigh on sentiment because they occurred while IDT was trading near a record high. IDT director Schorr sells shares
Institutional Investors Weigh In On IDT
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kahn Brothers Group Inc. bought a new position in IDT in the second quarter worth $18,292,990,000. Tidal Investments LLC purchased a new position in IDT during the second quarter valued at $646,000. Public Employees Retirement System of Ohio bought a new stake in shares of IDT during the 2nd quarter valued at $596,000. Entropy Technologies LP bought a new stake in shares of IDT during the 1st quarter valued at $264,000. Finally, Corient Private Wealth LP bought a new stake in shares of IDT during the 2nd quarter valued at $252,000. 59.34% of the stock is owned by hedge funds and other institutional investors.
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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