IDT (NYSE:IDT) Announces Quarterly Earnings Results

IDT (NYSE:IDT) released its earnings results on Wednesday. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05, FiscalAI reports. The firm had revenue of $315.71 million for the quarter, compared to analysts’ expectations of $308.00 million. IDT had a net margin of 6.49% and a return on equity of 25.97%.

Here are the key takeaways from IDT’s conference call:

• IDT reported a solid quarter with consolidated revenue up 5% to $315.7 million, gross profit up 9% to $122.5 million, and record gross margin of 38.8%. Adjusted EBITDA rose 13% to $37.5 million, and management raised full-year FY2026 Adjusted EBITDA guidance to $150 million-$152 million.
• NRS continued strong momentum, with recurring revenue up 22% year over year and POS terminals topping 39,000 active units. Management said merchant services and SaaS fees are driving growth, while the business posted a Rule of 40 score of 50.
• net2phone showed improving profitability, with subscription revenue up 12%, total revenue up 11%, and operating income up 76%. The company highlighted traction in AI offerings, including a no-code integration layer, and said these products could become accretive growth drivers in fiscal 2027.
• BOSS Money / digital remittance accelerated, with digital transactions up 20% and digital send volume up 40% as the company gained share following a new federal remittance tax. Management also said May was off to a record start and that the digital channel carries materially higher margins than retail.
• IDT ended the quarter with $251 million in cash and cash equivalents, declared a $0.07 quarterly dividend, and repurchased about 84,000 shares for $4 million. Management reiterated it will keep returning cash while continuing to invest in growth and pursue selective tuck-in acquisitions like OnCore Digital.

IDT Price Performance

Shares of IDT opened at $54.13 on Thursday. The firm’s 50 day moving average is $51.46 and its 200-day moving average is $50.50. The stock has a market capitalization of $1.36 billion, a P/E ratio of 16.60 and a beta of 0.68. IDT has a 12-month low of $45.72 and a 12-month high of $71.12.

IDT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Tuesday, June 9th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. IDT’s payout ratio is currently 8.59%.

Wall Street Analyst Weigh In

IDT has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of IDT in a research note on Friday, March 27th. Wall Street Zen cut shares of IDT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Insider Activity at IDT

In other news, CFO Marcelo Fischer sold 5,000 shares of IDT stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $50.50, for a total value of $252,500.00. Following the transaction, the chief financial officer owned 56,147 shares of the company’s stock, valued at $2,835,423.50. The trade was a 8.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Menachem Ash sold 20,000 shares of IDT stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $51.00, for a total transaction of $1,020,000.00. Following the completion of the transaction, the executive vice president directly owned 32,243 shares in the company, valued at $1,644,393. This represents a 38.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 25.41% of the company’s stock.

Hedge Funds Weigh In On IDT

Several hedge funds have recently made changes to their positions in IDT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of IDT by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,156 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 381 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of IDT by 9.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 16,274 shares of the utilities provider’s stock worth $833,000 after purchasing an additional 1,364 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of IDT during the third quarter worth approximately $96,000. Gabelli Funds LLC acquired a new position in IDT in the 2nd quarter valued at approximately $239,000. Finally, California State Teachers Retirement System increased its stake in IDT by 27.0% in the 3rd quarter. California State Teachers Retirement System now owns 19,481 shares of the utilities provider’s stock valued at $1,019,000 after buying an additional 4,136 shares during the period. Institutional investors and hedge funds own 59.34% of the company’s stock.

About IDT

IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.

Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.