Icahn Enterprises (NASDAQ:IEP) issued its earnings results on Thursday. The conglomerate reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($1.07), MarketWatch Earnings reports. The company had revenue of $2.69 billion during the quarter. Icahn Enterprises had a return on equity of 10.19% and a net margin of 6.84%.

IEP stock traded up $0.74 during mid-day trading on Friday, reaching $69.74. The company had a trading volume of 82,103 shares, compared to its average volume of 85,943. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.49 and a quick ratio of 5.49. The company has a market capitalization of $13.55 billion, a P/E ratio of 10.69 and a beta of 1.32. Icahn Enterprises has a 12 month low of $51.01 and a 12 month high of $81.88.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Monday, November 12th will be paid a $1.75 dividend. The ex-dividend date is Thursday, November 8th. This represents a $7.00 dividend on an annualized basis and a yield of 10.04%.

A number of hedge funds have recently modified their holdings of IEP. California Public Employees Retirement System grew its stake in Icahn Enterprises by 79.0% in the 2nd quarter. California Public Employees Retirement System now owns 25,615 shares of the conglomerate’s stock worth $1,820,000 after acquiring an additional 11,303 shares in the last quarter. Baldwin Investment Management LLC bought a new position in Icahn Enterprises in the 2nd quarter worth about $631,000. Bank of Montreal Can bought a new position in Icahn Enterprises in the 3rd quarter worth about $617,000. Commonwealth Equity Services LLC grew its stake in Icahn Enterprises by 74.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,868 shares of the conglomerate’s stock worth $1,270,000 after acquiring an additional 7,600 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Icahn Enterprises in the 2nd quarter worth about $502,000. Institutional investors and hedge funds own 96.66% of the company’s stock.

Separately, BidaskClub downgraded shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th.

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About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.

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Earnings History for Icahn Enterprises (NASDAQ:IEP)

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