Icahn Enterprises (IEP) Issues Earnings Results, Misses Expectations By $1.07 EPS
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%.
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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