Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.98 and traded as low as $9.50. Icahn Enterprises shares last traded at $9.85, with a volume of 830,706 shares traded.
Icahn Enterprises Price Performance
The company's 50-day moving average price is $9.92 and its 200-day moving average price is $12.88. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -8.99 and a beta of 0.80.
Icahn Enterprises (NASDAQ:IEP - Get Free Report) last released its earnings results on Friday, November 8th. The conglomerate reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.16). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.32 billion. Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. During the same quarter last year, the company earned ($0.01) earnings per share. On average, equities research analysts forecast that Icahn Enterprises L.P. will post -0.55 EPS for the current year.
Icahn Enterprises Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Monday, November 18th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a yield of 20.41%. Icahn Enterprises's dividend payout ratio (DPR) is presently -183.48%.
Institutional Trading of Icahn Enterprises
Hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Icahn Enterprises during the 3rd quarter worth about $30,000. Planning Capital Management Corp purchased a new stake in shares of Icahn Enterprises during the 3rd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Icahn Enterprises by 61.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate's stock valued at $47,000 after buying an additional 1,083 shares in the last quarter. Barclays PLC grew its position in shares of Icahn Enterprises by 24.3% in the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate's stock valued at $100,000 after buying an additional 1,427 shares during the last quarter. Finally, KPP Advisory Services LLC acquired a new stake in Icahn Enterprises during the 2nd quarter worth $187,000. Institutional investors and hedge funds own 87.09% of the company's stock.
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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