Icahn Enterprises L.P. (IEP) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Icahn Enterprises L.P. (NASDAQ:IEP) from a sell rating to a hold rating in a research note published on Saturday.

Separately, ValuEngine raised shares of Icahn Enterprises L.P. from a strong sell rating to a sell rating in a research report on Friday, June 2nd.

Icahn Enterprises L.P. (NASDAQ IEP) traded up 3.21% during midday trading on Friday, reaching $51.50. 171,228 shares of the company’s stock traded hands. Icahn Enterprises L.P. has a 52 week low of $45.42 and a 52 week high of $64.80. The company’s 50-day moving average price is $49.97 and its 200 day moving average price is $54.50. The stock’s market capitalization is $8.25 billion.

Icahn Enterprises L.P. (NASDAQ:IEP) last issued its quarterly earnings data on Tuesday, May 9th. The conglomerate reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.25. The business had revenue of $4.68 billion for the quarter. Icahn Enterprises L.P. had a negative net margin of 1.72% and a negative return on equity of 2.32%. On average, equities research analysts expect that Icahn Enterprises L.P. will post $1.40 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Monday, May 15th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $6.00 annualized dividend and a yield of 11.65%. Icahn Enterprises L.P.’s dividend payout ratio (DPR) is presently -277.78%.

Icahn Enterprises L.P. Company Profile

Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.

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