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Last €13.97 EUR
Change Today +0.26 / 1.90%
Volume 0.0
IDC2 On Other Exchanges
Symbol
Exchange
New York
As of 3:09 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

idt corp-class b (IDC2) Snapshot

Open
€13.68
Previous Close
€13.71
Day High
€14.18
Day Low
€13.61
52 Week High
01/23/15 - €20.40
52 Week Low
10/8/14 - €10.09
Market Cap
332.5M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
22.3M
EX-Date
06/11/15
P/E TM
--
Dividend
€0.71
Dividend Yield
12.15%
Current Stock Chart for IDT CORP-CLASS B (IDC2)

idt corp-class b (IDC2) Related Businessweek News

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idt corp-class b (IDC2) Details

IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. It operates in three segments: Telecom Platform Services, Consumer Phone Services, and Zedge Holdings, Inc (Zedge). The Telecom Platform Services segment provides retail telecommunications, including international long-distance calling products, as well as payment offerings, such as international airtime top-up and international money transfer through its Boss Revolution platform; wholesale international long distance traffic termination; and hosted platform solutions comprising customized communications services that leverage its proprietary networks, platforms, and/or technology to cable companies and other service providers. It also provides traditional disposable prepaid calling cards. The Consumer Phone Services segment offers legacy consumer local and long distance phone services. The Zedge segment owns and operates an on-line platform for mobile phone consumers interested in obtaining free games, apps, and mobile phone customization, including ringtones, wallpapers, and notification sounds. The company was founded in 1990 and is headquartered in Newark, New Jersey.

1,560 Employees
Last Reported Date: 10/14/14
Founded in 1990

idt corp-class b (IDC2) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $550.0K
Founder, Chairman and Chairman of Nominating ...
Total Annual Compensation: $152.3K
Senior Vice President of Finance
Total Annual Compensation: $531.0K
Director, Co-Chairman of IDT Telecom, Chief E...
Total Annual Compensation: $1.1M
Executive Vice President of Strategic and Leg...
Total Annual Compensation: $455.0K
Compensation as of Fiscal Year 2014.

idt corp-class b (IDC2) Key Developments

IDT Corporation Announces Strategic Reorganization

IDT Corporation announced that its Board of Directors has approved a plan to reorganize the company into three separate entities by spinning off two business units to its stockholders. The reorganization marks the next stage in IDT’s tradition of incubating and spinning-off successful businesses. The three separate companies will feature IDT Telecom, Zedge, and IDT’s other holdings: IDT Telecom is a global provider of retail and wholesale telecommunications and payment services. IDT Telecom’s retail offerings include prepaid voice and payment services primarily to immigrant communities under the Boss Revolution brand. IDT Telecom’s wholesale carrier business is a leading, global carrier of international long distance voice traffic. Zedge provides one of the most popular content platforms for mobile device personalization including ringtones, wallpapers, home screen icons and game recommendations. Its smartphone app, available in both Google Play and iTunes, has been installed over 160 million times and has averaged among the top twenty most popular apps in the Google Play store in the US for the past five years. IDT owns approximately 83% of Zedge. IDT’s other holdings comprise a Gibraltar-based bank, real estate holdings including its headquarters building and garage in Newark, NJ and an operations building in Piscataway, NJ as well as interests in other, mainly early stage, business initiatives. This entity will retain cash resources for investment in technology and other ventures.

IDT Corporation Expands Boss Revolution International Money Transfer Service to China

IDT Corporation has announced that its US-based customers of its Boss Revolution international money transfer service can now send money to family and friends in China. Boss Revolution customers can send up to $10,000 from any Boss Revolution retail money transfer agent in the US for deposit within 24 to 48 hours in Chinese Yuan Renminbi denominated accounts at many of China's banks. Additionally, Boss Revolution notifies the intended recipient and verifies their account information to insure timely, trouble-free delivery.

IDT Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2015; Declares Dividend for the Third Quarter Ended April 30, 2015, Payable on or About June 23, 2015

IDT Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2015. For the quarter, the company reported revenue of $383,930,000 against $403,761,000 a year ago. Income from operations was $2,470,000 against $9,170,000 a year ago. Income before income taxes was $1,064,000 against $9,194,000 a year ago. Income from continuing operations was $5,599,000 or $0.22 per diluted share against $10,082,000 or $0.43 per diluted share a year ago. Net income attributable to company was $565,000 or $0.02 per basic and diluted share against $5,017,000 or $0.22 per basic and diluted share a year ago. Adjusted EBITDA was $13.6 million against $13.3 million a year ago. Non-GAAP net income was $10.1 million or $0.43 per diluted share against $8.6 million or $0.37 per diluted share a year ago. Net cash provided by operating activities during third quarter 2015 was $6.8 million, compared to $20.5 million during third quarter of 2014. Income from operations, including a non-routine charge of $6.2 million for severance costs related to a reduction in employee headcount, decreased to $2.5 million from $9.2 million. Capital expenditures included approximately $2.5 million in costs relating to the refurbishment of IDT's building at 520 Broad Street in Newark, NJ. During April and May, the company moved its Newark headquarters from rented space into the newly renovated offices. For the nine months, the company reported revenue of $1,190,981,000 against $1,230,855,000 a year ago. Income from operations was $85,813,000 against $24,027,000 a year ago. Income before income taxes was $86,566,000 against $20,517,000 a year ago. Income from continuing operations was $12,622,000 or $0.48 per diluted share against $19,609,000 or $0.81 per diluted share a year ago. Net income attributable to company was $83,231,000 or $3.58 per diluted share against $11,074,000 or $0.48 per diluted share a year ago. Net cash provided by operating activities was $27,783,000 against $29,636,000 a year ago. Capital expenditures were $22,810,000 against $12,431,000 a year ago. Adjusted EBITDA was $32.1 million against $34.9 million a year ago. Non-GAAP net income was $28 million or $1.20 per diluted share against $22.4 million or $0.98 per diluted share a year ago. The Board of Directors of company has declared a dividend of $0.18 per share for the third quarter of its fiscal year 2015. The dividend will be paid on or about June 23, 2015 to Class A and Class B common stockholders of record as of the close of business on June 15, 2015. The ex-dividend date will be June 11, 2015.

 

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Price/Sales 0.2x
Price/Book 2.4x
Price/Cash Flow 3.3x
TEV/Sales 0.1x
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