IDT Corporation (NYSE:IDT – Get Free Report) EVP Nadine Shea sold 500 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $55.32, for a total value of $27,660.00. Following the completion of the transaction, the executive vice president directly owned 8,725 shares of the company’s stock, valued at approximately $482,667. This trade represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
IDT Stock Up 1.7%
IDT stock opened at $56.02 on Wednesday. The business’s 50-day moving average price is $52.09 and its 200 day moving average price is $50.65. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 17.13 and a beta of 0.68. IDT Corporation has a 52 week low of $45.72 and a 52 week high of $71.12.
IDT (NYSE:IDT – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. The business had revenue of $315.71 million for the quarter, compared to analyst estimates of $308.00 million. IDT had a return on equity of 25.07% and a net margin of 6.41%.
IDT Announces Dividend
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of IDT in a research report on Friday, March 27th. Wall Street Zen cut IDT from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Check Out Our Latest Research Report on IDT
Institutional Trading of IDT
Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of IDT by 22.1% during the 4th quarter. Geode Capital Management LLC now owns 559,849 shares of the utilities provider’s stock worth $28,675,000 after purchasing an additional 101,268 shares during the last quarter. Cooke & Bieler LP purchased a new stake in IDT during the 4th quarter worth approximately $20,030,000. Millennium Management LLC raised its holdings in shares of IDT by 392.6% during the first quarter. Millennium Management LLC now owns 163,830 shares of the utilities provider’s stock valued at $8,406,000 after acquiring an additional 130,569 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of IDT by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 117,607 shares of the utilities provider’s stock valued at $5,774,000 after acquiring an additional 1,088 shares in the last quarter. Finally, CSM Advisors LLC lifted its position in shares of IDT by 107.4% in the fourth quarter. CSM Advisors LLC now owns 103,950 shares of the utilities provider’s stock valued at $5,321,000 after acquiring an additional 53,835 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.
About IDT
IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.
Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.
Featured Stories
- Five stocks we like better than IDT
- Synchrony’s Comeback Is Hiding in Plain Sight
- Uranium Energy Corp Melts Down—Nuclear Opportunity at Hand
- Optical Cable Corporation: Strong Earnings, But Hurdles Remain
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
Receive News & Ratings for IDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDT and related companies with MarketBeat.com's FREE daily email newsletter.
