IDT Corporation (IDT) Issues Earnings Results
IDT Corporation (NYSE:IDT) posted its quarterly earnings results on Tuesday. The utilities provider reported ($0.42) earnings per share (EPS) for the quarter, reports. IDT Corporation had a net margin of 1.97% and a return on equity of 22.31%.
IDT Corporation (IDT) traded up 3.95% during trading on Tuesday, hitting $14.75. The stock had a trading volume of 233,630 shares. The company has a market cap of $366.33 million, a price-to-earnings ratio of 11.72 and a beta of 1.13. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The company has a 50-day moving average price of $14.29 and a 200-day moving average price of $14.76.
Several research firms recently commented on IDT. BidaskClub downgraded shares of IDT Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. TheStreet upgraded shares of IDT Corporation from a “c+” rating to a “b-” rating in a research note on Friday, June 16th.
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In other IDT Corporation news, Director Judah Schorr acquired 7,000 shares of the stock in a transaction dated Thursday, July 13th. The shares were purchased at an average price of $14.82 per share, for a total transaction of $103,740.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.80% of the stock is owned by corporate insiders.
About IDT Corporation
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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