Icahn Enterprises (NASDAQ:IEP) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Stock slipped below its 200‑day moving average: IEP traded as low as $7.67 and last at $7.70 versus the 200‑day MA of $7.95 on volume of ~352,250, a bearish technical signal.
• Analyst sentiment is negative (consensus: "Reduce"): One Sell and one Hold rating on file, with Weiss Ratings reaffirming a sell and Wall Street Zen cutting its rating from Buy to Hold.
• Dividend is very high but fundamentals are weak: Icahn declared a $0.50 quarterly dividend (26.0% yield; ex‑dividend March 9), yet it reported an EPS miss ($0.00 vs. $0.17), negative net margin and ROE, and a -333% payout ratio—raising concerns about sustainability.

Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.95 and traded as low as $7.67. Icahn Enterprises shares last traded at $7.70, with a volume of 352,250 shares trading hands.

Wall Street Analysts Forecast Growth

IEP has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Icahn Enterprises in a report on Monday, December 29th. Wall Street Zen cut shares of Icahn Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Icahn Enterprises presently has a consensus rating of "Reduce".

Icahn Enterprises Stock Down 0.3%

The company has a market cap of $4.91 billion, a PE ratio of -12.83 and a beta of 0.82. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.93. The firm's fifty day simple moving average is $7.82 and its 200-day simple moving average is $7.95.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.17). Icahn Enterprises had a negative net margin of 2.98% and a negative return on equity of 8.22%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.46 billion. As a group, equities research analysts expect that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 26.0%. The ex-dividend date of this dividend is Monday, March 9th. Icahn Enterprises's dividend payout ratio is -333.33%.

Institutional Trading of Icahn Enterprises

Institutional investors and hedge funds have recently modified their holdings of the business. Icahn Carl C lifted its holdings in shares of Icahn Enterprises by 4.9% in the third quarter. Icahn Carl C now owns 518,932,944 shares of the conglomerate's stock valued at $4,369,415,000 after purchasing an additional 24,149,325 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Icahn Enterprises by 329.7% in the third quarter. GSA Capital Partners LLP now owns 104,658 shares of the conglomerate's stock valued at $881,000 after buying an additional 80,301 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Icahn Enterprises by 5.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 24,086 shares of the conglomerate's stock valued at $182,000 after buying an additional 1,318 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Icahn Enterprises during the fourth quarter valued at approximately $132,000. Finally, Claro Advisors LLC lifted its stake in shares of Icahn Enterprises by 61.7% during the third quarter. Claro Advisors LLC now owns 17,030 shares of the conglomerate's stock valued at $143,000 after buying an additional 6,500 shares during the period. Hedge funds and other institutional investors own 87.09% of the company's stock.

Icahn Enterprises Company Profile

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.

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