Icahn Enterprises (NASDAQ:IEP) Posts Quarterly Earnings Results, Misses Expectations By $0.44 EPS

Key Points

• Icahn Enterprises reported a quarterly earnings per share (EPS) of ($0.30), which missed the consensus estimate of $0.14 by $0.44.
• The company has a negative net margin of 8.55% and a negative return on equity of 17.64%.
• Shares of Icahn Enterprises opened at $8.98, reflecting a 1.6% decline following the earnings report.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) released its quarterly earnings results on Monday. The conglomerate reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.44), Zacks reports. Icahn Enterprises had a negative net margin of 8.55% and a negative return on equity of 17.64%.

Icahn Enterprises Trading Down 1.6%

Shares of NASDAQ IEP opened at $8.98 on Monday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.82. The business has a fifty day simple moving average of $8.71 and a two-hundred day simple moving average of $9.06. The firm has a market cap of $4.90 billion, a PE ratio of -5.44 and a beta of 0.78. Icahn Enterprises has a twelve month low of $7.27 and a twelve month high of $17.27.

Analyst Ratings Changes

Separately, Wall Street Zen raised Icahn Enterprises from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th.

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.

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