Icahn Enterprises (NASDAQ:IEP) Announces Earnings Results

Icahn Enterprises (NASDAQ:IEP) issued its earnings results on Wednesday. The conglomerate reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.17), reports. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.46 billion. Icahn Enterprises had a negative net margin of 2.98% and a negative return on equity of 8.16%.

Here are the key takeaways from Icahn Enterprises’ conference call:

• Fourth-quarter NAV fell by $654 million sequentially, driven by share price declines at CVI despite otherwise strong fund performance.
• The funds delivered solid Q4 returns (about +11% including refining hedges, ~+9% ex-hedges) with EchoStar, refining hedges, and Centuri as top contributors, and cash at the funds has risen to over $1.2 billion post-quarter.
• Management expressed optimism on CVI—citing limited global refining capacity additions, new pipeline flows improving West Coast feedstock economics, and plans to boost capture rates—while noting no material change to CVI’s outlook despite the stock decline.
• Liquidity and balance-sheet moves improve optionality — holding-company cash and investments in the funds of $3.5 billion, subsidiaries with $913 million of cash/revolver availability, and the company called remaining 2026 debt maturities.
• Several operating segments weakened in Q4 — Energy Adjusted EBITDA fell to $51 million from $99 million a year ago, and Food Packaging, Home Fashion, and Pharma all reported year-over-year EBITDA declines (pharma hit by generic competition).

Icahn Enterprises Stock Down 0.6%

Icahn Enterprises stock traded down $0.05 during trading hours on Friday, hitting $8.06. 1,321,056 shares of the stock traded hands, compared to its average volume of 860,099. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 1.96. The firm’s 50-day moving average price is $7.81 and its two-hundred day moving average price is $8.11. The company has a market cap of $4.84 billion, a PE ratio of -13.43 and a beta of 0.84. Icahn Enterprises has a one year low of $7.08 and a one year high of $10.41.

Icahn Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 24.8%. The ex-dividend date is Monday, March 9th. Icahn Enterprises’s dividend payout ratio is currently -333.33%.

Institutional Trading of Icahn Enterprises

Institutional investors have recently made changes to their positions in the stock. Icahn Carl C increased its position in Icahn Enterprises by 5.9% in the fourth quarter. Icahn Carl C now owns 549,400,539 shares of the conglomerate’s stock worth $4,147,974,000 after buying an additional 30,467,595 shares in the last quarter. Jump Financial LLC bought a new position in shares of Icahn Enterprises during the fourth quarter valued at approximately $1,353,000. First Trust Advisors LP boosted its holdings in shares of Icahn Enterprises by 22.1% in the second quarter. First Trust Advisors LP now owns 884,514 shares of the conglomerate’s stock valued at $7,116,000 after purchasing an additional 160,183 shares during the period. Invesco Ltd. purchased a new position in Icahn Enterprises during the 4th quarter valued at about $1,074,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Icahn Enterprises in the 3rd quarter worth $392,000. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IEP shares. Wall Street Zen upgraded shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Icahn Enterprises in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About Icahn Enterprises

Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company based in New York City. Controlled by veteran investor Carl C. Icahn, the partnership makes strategic investments and owns wholly or partially controlled subsidiaries across a broad range of industries. With a flexible capital structure, Icahn Enterprises seeks to generate long-term value through active ownership, asset optimization and operational improvements.

The company reports its activities through five principal business segments.