IDT (NYSE:IDT) Announces Earnings Results

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

IDT Trading Up 10.3 %

Shares of IDT traded up $4.77 during midday trading on Friday, reaching $50.96. The stock had a trading volume of 255,369 shares, compared to its average volume of 83,760. The company's 50-day moving average is $47.78 and its 200 day moving average is $45.93. IDT has a 12-month low of $33.84 and a 12-month high of $58.77. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.45 and a beta of 0.84.

IDT Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IDT from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, January 1st.

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Insider Transactions at IDT

In related news, CTO David Wartell sold 17,116 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nadine Shea sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.74, for a total value of $53,740.00. Following the sale, the executive vice president now owns 4,775 shares of the company's stock, valued at $256,608.50. This represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.