Icahn Enterprises (NASDAQ:IEP) Announces Earnings Results, Misses Expectations By $0.36 EPS

Icahn Enterprises (NASDAQ:IEP - Get Free Report) released its quarterly earnings data on Wednesday. The conglomerate reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.36), Zacks reports. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.27 billion.

Icahn Enterprises Stock Performance

NASDAQ IEP traded up $0.02 during trading hours on Friday, hitting $10.09. 561,973 shares of the stock were exchanged, compared to its average volume of 768,913. The company has a market cap of $5.09 billion, a price-to-earnings ratio of -9.26 and a beta of 0.81. Icahn Enterprises has a 12-month low of $8.53 and a 12-month high of $20.25. The stock has a 50-day moving average of $9.59 and a 200 day moving average of $11.61. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34.

Icahn Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.00 annualized dividend and a yield of 19.82%. Icahn Enterprises's dividend payout ratio is currently -183.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Icahn Enterprises from a "hold" rating to a "sell" rating in a research note on Friday.

Icahn Enterprises Company Profile

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.