Icahn Enterprises (NASDAQ:IEP) announced its quarterly earnings results on Thursday. The conglomerate reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.91 by ($1.07), MarketWatch Earnings reports. The company had revenue of $2.69 billion during the quarter. Icahn Enterprises had a return on equity of 10.19% and a net margin of 6.84%.
Shares of NASDAQ IEP traded up $0.74 during mid-day trading on Friday, hitting $69.74. 82,103 shares of the company’s stock traded hands, compared to its average volume of 85,943. The company has a current ratio of 5.49, a quick ratio of 5.49 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 10.69 and a beta of 1.32. Icahn Enterprises has a 1 year low of $51.01 and a 1 year high of $81.88.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Monday, November 12th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 10.04%. The ex-dividend date of this dividend is Thursday, November 8th.
Separately, BidaskClub cut shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th.
Icahn Enterprises Company Profile
Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.
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