IDT (NYSE:IDT) Posts Earnings Results, Misses Estimates By $0.04 EPS

IDT (NYSE:IDT) announced its earnings results on Monday. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04), FiscalAI reports. The business had revenue of $338.98 million during the quarter, compared to analysts’ expectations of $319.00 million. IDT had a return on equity of 24.36% and a net margin of 6.41%.

IDT Stock Up 2.9%

Shares of NYSE IDT traded up $1.96 during mid-day trading on Monday, reaching $69.42. 324,551 shares of the company were exchanged, compared to its average volume of 177,743. The company’s 50 day moving average price is $67.36 and its 200 day moving average price is $58.23. IDT has a 52 week low of $45.72 and a 52 week high of $72.13. The stock has a market capitalization of $1.73 billion, a PE ratio of 21.23 and a beta of 0.62.

IDT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Monday, October 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.4%. IDT’s dividend payout ratio is presently 8.56%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IDT in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

IDT Company Profile

IDT Corporation is a telecommunications and financial technology company that provides communications, payment and business services to consumers, small businesses and retail customers. The company operates through brands and businesses focused on international calling, mobile top-ups, money transfers, cloud communications and retail technology.

Its BOSS Revolution platform offers international calling, prepaid wireless services, mobile recharging and international money transfers, primarily serving immigrant and international communities.