Icahn Enterprises (IEP) to Release Quarterly Earnings on Wednesday

Icahn Enterprises (NASDAQ:IEP) will post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Icahn Enterprises to post earnings of $0.25 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.54). Icahn Enterprises had a negative net margin of 6.21% and a negative return on equity of 9.60%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.73 billion.

Icahn Enterprises Trading Up 0.1 %

Shares of IEP stock opened at $17.36 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 5.70 and a current ratio of 5.70. The company has a 50 day moving average of $17.60 and a 200-day moving average of $17.75. Icahn Enterprises has a 12-month low of $15.00 and a 12-month high of $39.44.

Icahn Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 11th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 23.04%. The ex-dividend date of this dividend was Friday, March 8th. Icahn Enterprises’s dividend payout ratio (DPR) is -220.99%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Icahn Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.