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NASDAQ:IEP

Icahn Enterprises (IEP) Stock Price, News & Analysis

Icahn Enterprises logo
$9.19 -0.34 (-3.57%)
(As of 05:35 PM ET)

About Icahn Enterprises Stock (NASDAQ:IEP)

Key Stats

Today's Range
$9.13
$9.49
50-Day Range
$9.19
$15.49
52-Week Range
$9.13
$22.59
Volume
1.70 million shs
Average Volume
912,771 shs
Market Capitalization
$4.63 billion
P/E Ratio
N/A
Dividend Yield
21.76%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Icahn Enterprises L.P. is a diversified holding company headquartered in Miami, Florida. Founded in 1987 by American businessman and investor Carl Icahn, the company operates through a range of subsidiaries and affiliates across various industries, including automotive, energy, real estate, gaming, and food packaging. Icahn's mission is to create long-term value for its shareholders by investing in companies with strong fundamentals and growth potential.

Icahn Enterprises' portfolio includes well-known brands and companies like Federal-Mogul, Tropicana Entertainment, CVR Energy, and PSC Metals. The company's target market includes institutional investors, high-net-worth individuals, and family offices seeking exposure to diverse assets.

Icahn's management team is led by David Willetts, who was appointed Chief Executive Officer in November 2021. Before being appointed CEO, he served as Icahn Enterprises' Chief Financial Officer for approximately six months. Before that, he served as a director of Viskase Companies Inc., a meat casing manufacturing company. 

The company has a market capitalization of approximately $11 billion. For the past several years, it has posted growing revenue numbers but has also been posting net income losses. The company's debt levels have increased in recent years. However, Icahn Enterprises' cash and cash equivalents are sufficient enough to provide some liquidity to the company.

Icahn Enterprises L.P. trades at a price-to-earnings ratio below the industry average, suggesting that the company's stock may be undervalued relative to its peers. The company's price-to-book ratio is also lower than the industry average.

Factors driving the company's valuation include its diversified portfolio of businesses, its strong leadership team, and the potential for growth through acquisitions and strategic investments. In addition, the company's recent efforts to divest non-core assets and focus on higher-growth areas have also been well received by investors.

Icahn Enterprises L.P. operates in the financial services industry, which includes companies involved in investment banking, asset management, insurance, and other financial services. The industry is highly competitive and subject to regulatory and political risks.

One of the company's competitive advantages is its diversified portfolio of businesses, which includes investments in a wide range of industries, such as energy, automotive, and real estate. This diversification helps to mitigate some of the risks associated with operating in a single sector and provides the company with multiple avenues for growth.

The company also faces challenges from regulatory and political risks, including changes in tax laws and regulations that could impact its profitability. In addition, the financial services industry is subject to economic cycles and market fluctuations, which could affect the company's financial performance.

Icahn Enterprises L.P. has several potential growth opportunities, including acquisitions, strategic investments, and expansion into new markets. The company has a strong track record of successful investments, and its leadership team has a wealth of experience in identifying and capitalizing on attractive investment opportunities.

Icahn Enterprises faces several challenges that could impact its growth prospects. One of the main challenges facing the company is the regulatory environment. The company is subject to various regulatory requirements, including environmental, health, and safety regulations, which could limit its operations or increase its compliance costs.

Another challenge facing Icahn Enterprises is the competitive landscape. The company faces stiff competition from established players in its various business segments. Some of its competitors have larger market shares, stronger brand recognition, and more extensive resources, which could limit Icahn Enterprises' ability to compete effectively.

Icahn Enterprises is exposed to market risks, such as fluctuations in commodity prices, interest rates, and foreign exchange rates. These risks could impact the company's financial performance, mainly if they occur in combination.

Icahn Enterprises Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
18th Percentile Overall Score

IEP MarketRank™: 

Icahn Enterprises scored higher than 18% of companies evaluated by MarketBeat, and ranked 21st out of 25 stocks in the multi-sector conglomerates sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Icahn Enterprises.

  • Earnings Growth

    Earnings for Icahn Enterprises are expected to grow in the coming year, from ($0.55) to $0.80 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Icahn Enterprises is -8.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Icahn Enterprises is -8.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Icahn Enterprises has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    27.00% of the float of Icahn Enterprises has been sold short.
  • Short Interest Ratio / Days to Cover

    Icahn Enterprises has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Icahn Enterprises has recently increased by 1.27%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Icahn Enterprises is a leading dividend payer. It pays a dividend yield of 21.53%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Icahn Enterprises does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, Icahn Enterprises will have a dividend payout ratio of 250.00% in the coming year. This indicates that Icahn Enterprises may not be able to sustain their current dividend.

  • Read more about Icahn Enterprises' dividend.
  • Percentage of Shares Shorted

    27.00% of the float of Icahn Enterprises has been sold short.
  • Short Interest Ratio / Days to Cover

    Icahn Enterprises has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Icahn Enterprises has recently increased by 1.27%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Icahn Enterprises has a news sentiment score of -0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Multi-Sector Conglomerates companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Icahn Enterprises this week, compared to 5 articles on an average week.
  • Search Interest

    Only 33 people have searched for IEP on MarketBeat in the last 30 days. This is a decrease of -48% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added Icahn Enterprises to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Icahn Enterprises insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    90.10% of the stock of Icahn Enterprises is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    87.09% of the stock of Icahn Enterprises is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Icahn Enterprises' insider trading history.
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IEP Stock News Headlines

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Tracking Carl Icahn's 13F Report - Q3 2024 Update
See More Headlines

IEP Stock Analysis - Frequently Asked Questions

Icahn Enterprises' stock was trading at $17.19 at the beginning of the year. Since then, IEP shares have decreased by 46.5% and is now trading at $9.19.
View the best growth stocks for 2024 here
.

Icahn Enterprises L.P. (NASDAQ:IEP) released its earnings results on Wednesday, August, 7th. The conglomerate reported ($0.72) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.91. The conglomerate had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.24 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative trailing twelve-month return on equity of 8.82%.

Icahn Enterprises' top institutional investors include Geode Capital Management LLC (0.08%), Wolverine Trading LLC, Jane Street Group LLC and Moors & Cabot Inc. (0.01%).
View institutional ownership trends
.

Shares of IEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Icahn Enterprises investors own include Energy Transfer (ET), AT&T (T), Oxford Lane Capital (OXLC), Meta Platforms (META), Enterprise Products Partners (EPD), Verizon Communications (VZ) and Altria Group (MO).

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/25 Dividend
8/19/2024
Dividend Payable
9/25/2024
Ex-Dividend for 12/26 Dividend
11/18/2024
Today
12/23/2024
Dividend Payable
12/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Automobiles And Trucks
Current Symbol
NASDAQ:IEP
Employees
15,038
Year Founded
1987

Profitability

Net Income
$-684,000,000.00
Pretax Margin
-6.26%

Debt

Sales & Book Value

Annual Sales
$10.22 billion
Book Value
$14.78 per share

Miscellaneous

Free Float
49,896,000
Market Cap
$4.67 billion
Optionable
Optionable
Beta
0.76

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This page (NASDAQ:IEP) was last updated on 12/23/2024 by MarketBeat.com Staff
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