IDT Corp’s shares climbed to a 52-week high of $69.97 on Wednesday, trading at $69.51 in midday activity, reflecting a gain of 7.37% over the past 12 months and a 35% year-to-date increase.
The company’s market capitalization stands at $1.74 billion, supported by a trailing 12-month price-to-earnings ratio of 21.16. InvestingPro’s financial health assessment for IDT is rated as "GREAT," with the platform also offering eight exclusive research tips and Pro Reports for the stock and over 1,400 other U.S. equities.
IDT reported fiscal third-quarter 2026 results that topped analyst expectations. Earnings per share reached $0.94, surpassing the forecast of $0.92 and delivering a 2.17% earnings surprise. Revenue totaled $315.7 million, exceeding the projected $303 million by 4.19%.
The company also announced updates to its revolving credit agreement with TD Bank, N.A. The available credit facility has been increased to $50 million during May and December of each calendar year, up from $25 million in other months. The maturity date of the credit facility has been extended to July 15, 2029. Additional corporate guarantors added to the agreement include National Retail Solutions, Inc., IDT Payment Services, Inc., and IDT Payment Services of New York, LLC.
