Icahn Enterprises (IEP) Set to Announce Earnings on Wednesday

Icahn Enterprises (NASDAQ:IEP) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Icahn Enterprises to post earnings of $0.25 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings results on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.54). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.73 billion. Icahn Enterprises had a negative return on equity of 9.60% and a negative net margin of 6.21%.

Icahn Enterprises Stock Up 0.5 %

Shares of IEP opened at $17.44 on Monday. Icahn Enterprises has a twelve month low of $15.00 and a twelve month high of $39.44. The company has a 50 day moving average of $17.63 and a 200-day moving average of $17.75. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 1.19.

Icahn Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Monday, March 11th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $4.00 annualized dividend and a dividend yield of 22.94%. Icahn Enterprises’s dividend payout ratio is presently -220.99%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th.

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.