Icahn Enterprises (NASDAQ:IEP) posted its earnings results on Thursday. The conglomerate reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($1.07), MarketWatch Earnings reports. The firm had revenue of $2.69 billion for the quarter. Icahn Enterprises had a net margin of 6.84% and a return on equity of 10.19%.
IEP traded up $0.74 during trading on Friday, reaching $69.74. The company had a trading volume of 82,103 shares, compared to its average volume of 85,943. The company has a market cap of $13.55 billion, a PE ratio of 10.69 and a beta of 1.32. Icahn Enterprises has a 52 week low of $51.01 and a 52 week high of $81.88. The company has a quick ratio of 5.49, a current ratio of 5.49 and a debt-to-equity ratio of 0.63.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Monday, November 12th will be given a $1.75 dividend. The ex-dividend date is Thursday, November 8th. This represents a $7.00 dividend on an annualized basis and a yield of 10.04%.
Separately, BidaskClub downgraded Icahn Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th.
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About Icahn Enterprises
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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