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

Icahn Enterprises (NASDAQ:IEP) posted 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 business had revenue of $2.37 billion for 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 Trading Down 0.0 %

IEP stock traded down $0.01 during midday trading on Friday, hitting $10.07. 143,784 shares of the company’s stock were exchanged, compared to its average volume of 757,225. The business has a 50-day simple moving average of $9.58 and a two-hundred day simple moving average of $11.73. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $5.07 billion, a PE ratio of -9.22 and a beta of 0.81. Icahn Enterprises has a 1-year low of $8.53 and a 1-year high of $20.25.

Icahn Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 10th will be paid 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 19.87%. Icahn Enterprises’s dividend payout ratio (DPR) is -183.49%.

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.