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Idt Corporation  (IDT)
Other Ticker:  
 
    Sector  Services    Industry Communications Services
   Industry Communications Services
   Sector  Services
 
Price: $36.6500 $0.74 2.061%
Day's High: $36.79 Week Perf: 3.41 %
Day's Low: $ 35.76 30 Day Perf: 6.73 %
Volume (M): 72 52 Wk High: $ 36.79
Volume (M$): $ 2,653 52 Wk Avg: $29.39
Open: $35.76 52 Wk Low: $21.64



 Market Capitalization (Millions $) 939
 Shares Outstanding (Millions) 26
 Employees 1,300
 Revenues (TTM) (Millions $) 1,239
 Net Income (TTM) (Millions $) 44
 Cash Flow (TTM) (Millions $) 9
 Capital Exp. (TTM) (Millions $) 22

Idt Corporation
IDT Corporation (IDT) is a telecommunications company founded by Howard Jonas in 1990. The company is headquartered in Newark, New Jersey, and employs approximately 1,000 people worldwide. IDT's services include prepaid and postpaid calling cards, international long-distance calling, and wireless services. It also operates in various other industries such as energy, real estate, and entertainment.

IDT's core business is providing low-cost international calling services to consumers and businesses around the world. The company has offices and operations in over 20 countries and has a network of over 500 direct and partner routes to over 150 countries. IDT's prepaid calling card business is the most prominent part of the company, and it serves millions of customers worldwide.

IDT also offers a variety of other telecommunications services, including IDT Telecom, which provides voice and data services to households and businesses. IDT Telecom has operations in over 30 countries worldwide and is one of the largest providers of wholesale voice termination services.

IDT Energy is another business arm of IDT Corporation that provides natural gas and electricity services to residential and commercial customers in New York, New Jersey, Pennsylvania, and Maryland. The company has made significant strides in energy conservation, sustainability, and renewable energy.

In the entertainment industry, IDT Corporationes subsidiary, Zedge, Inc., is a mobile content distribution platform enables mobile device users to personalize their phones with ringtones, wallpapers, and other content.

Overall, IDT Corporation has established itself as a leading provider of telecommunications, energy, and entertainment services. With a global network of routes and an efficient customer support team, the company is committed to offering reliable and cost-effective solutions to its customers.


   Company Address: 520 Broad Street, Newark 7102 NJ
   Company Phone Number: 438-1000   Stock Exchange / Ticker: NYSE IDT
   IDT is expected to report next financial results on March 12, 2024.


   

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Idt Corporation

Idt Corporation Faces Alarming Revenue Decline, Prompting Worries for Investors

Idt Corporation, a Communications Services company, has experienced a significant increase in its stock value over the past 30 days and 12 months. The company's shares rose by 30.69% in the preceding 30 days and by 24.86% over the past year. Currently, Idt Corporation shares are trading on the NYSE approximately 6.1% above their 52-week average.
However, the fourth quarter of the 2023 earnings season brought some concerning news for Idt Corporation. The company witnessed a decrease in earnings per share of -50.71%, dropping to $0.31 per share. This decline can be attributed to a -7.535% decrease in revenue, which amounted to $303.81 million compared to the prior year. In the previous quarter, the company achieved a revenue of $299.30 million and a bottom line of $0.27 per share.

Idt Corporation

Despite Fading Revenues, IDT Stuns with 50% Leap in Earnings per Share Amidst the February-April 2023 Financial Quarter

Investors in the stock market have reason to celebrate as IDT Corporation declared a significant increase in their earnings per share, up by an astounding 50% to $0.27. This rise is even more notable as it occurred during a time frame with fading revenue, which fell by -8.85% to $299.30 million in the February to April 30 2023 quarter when compared to last year's numbers. The company's revenue last reporting season was $313.94 million, with a bottom line of $0.57 per share.
Despite the decrease in revenue, IDT Corporation made $7.744 million this quarter, which represents an increase of 51.66% when compared to net earnings of $5.106 million in the February to April 30 2022 period. This is excellent news for investors and indicates that IDT Corporation is making the right moves to sustain growth, even in a challenging market.
Although the operating margin did fall to 3.47%, IDT Corporation's net margin improved to 2.59% in the February to April 30 2023 quarter. Operating earnings fell by -22.14% to $10.377 million, thereby squeezing the IDT Corporation's operating margin from 4.06% to 3.47% in the third quarter of 2022.






 

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