Icahn Enterprises (NASDAQ:IEP - Get Free Report) released its earnings results 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. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.27 billion. Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%.
Icahn Enterprises Stock Up 0.2 %
Shares of IEP traded up $0.02 during mid-day trading on Friday, reaching $10.09. 561,973 shares of the stock traded hands, compared to its average volume of 768,913. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of -9.26 and a beta of 0.81. The stock has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $11.61. Icahn Enterprises has a 12-month low of $8.53 and a 12-month high of $20.25. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 19.82%. Icahn Enterprises's dividend payout ratio is currently -183.49%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Icahn Enterprises from a "hold" rating to a "sell" rating in a research report on Friday.
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About Icahn Enterprises
(
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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.
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