IDT (NYSE:IDT – Free Report) had its price objective upped by Freedom Broker from $75.00 to $85.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the utilities provider’s stock.
Separately, Weiss Ratings restated a “hold (c+)” rating on shares of IDT in a report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.00.
View Our Latest Analysis on IDT
IDT Stock Performance
IDT (NYSE:IDT – Get Free Report) last released its earnings results on Monday, September 28th. The utilities provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.04). IDT had a net margin of 6.67% and a return on equity of 24.22%. The firm had revenue of $338.98 million during the quarter, compared to analyst estimates of $319.00 million.
IDT Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Monday, October 5th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, October 5th. IDT’s payout ratio is 8.07%.
Institutional Trading of IDT
Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in IDT in the 2nd quarter valued at $25,000. Nykredit A S acquired a new position in shares of IDT during the second quarter worth about $32,000. Allworth Financial LP grew its holdings in shares of IDT by 531.1% during the second quarter. Allworth Financial LP now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 478 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of IDT during the second quarter worth about $252,000. Finally, Entropy Technologies LP acquired a new position in IDT during the 1st quarter worth approximately $264,000. 59.34% of the stock is owned by institutional investors.
About IDT
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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