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NASDAQ:IEP

Icahn Enterprises (IEP) Stock Price, News & Analysis

$16.70
+0.41 (+2.52%)
(As of 05/24/2024 08:50 PM ET)
Today's Range
$16.40
$16.79
50-Day Range
$16.29
$18.59
52-Week Range
$15.00
$36.00
Volume
441,600 shs
Average Volume
726,140 shs
Market Capitalization
$7.53 billion
P/E Ratio
N/A
Dividend Yield
23.95%
Price Target
$27.00

Icahn Enterprises MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
61.7% Upside
$27.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.75mentions of Icahn Enterprises in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
81.13%
From $0.53 to $0.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.80 out of 5 stars

Multi-Sector Conglomerates Sector

6th out of 19 stocks

Motor Vehicle Parts & Accessories Industry

12th out of 34 stocks

IEP stock logo

About Icahn Enterprises Stock (NASDAQ:IEP)

Icahn Enterprises L.P. is a diversified holding company headquartered in Miami, Florida. Founded in 1987 by American businessman and investor Carl Icahn, the company operates through a range of subsidiaries and affiliates across various industries, including automotive, energy, real estate, gaming, and food packaging. Icahn's mission is to create long-term value for its shareholders by investing in companies with strong fundamentals and growth potential.

Icahn Enterprises' portfolio includes well-known brands and companies like Federal-Mogul, Tropicana Entertainment, CVR Energy, and PSC Metals. The company's target market includes institutional investors, high-net-worth individuals, and family offices seeking exposure to diverse assets.

Icahn's management team is led by David Willetts, who was appointed Chief Executive Officer in November 2021. Before being appointed CEO, he served as Icahn Enterprises' Chief Financial Officer for approximately six months. Before that, he served as a director of Viskase Companies Inc., a meat casing manufacturing company. 

The company has a market capitalization of approximately $11 billion. For the past several years, it has posted growing revenue numbers but has also been posting net income losses. The company's debt levels have increased in recent years. However, Icahn Enterprises' cash and cash equivalents are sufficient enough to provide some liquidity to the company.

Icahn Enterprises L.P. trades at a price-to-earnings ratio below the industry average, suggesting that the company's stock may be undervalued relative to its peers. The company's price-to-book ratio is also lower than the industry average.

Factors driving the company's valuation include its diversified portfolio of businesses, its strong leadership team, and the potential for growth through acquisitions and strategic investments. In addition, the company's recent efforts to divest non-core assets and focus on higher-growth areas have also been well received by investors.

Icahn Enterprises L.P. operates in the financial services industry, which includes companies involved in investment banking, asset management, insurance, and other financial services. The industry is highly competitive and subject to regulatory and political risks.

One of the company's competitive advantages is its diversified portfolio of businesses, which includes investments in a wide range of industries, such as energy, automotive, and real estate. This diversification helps to mitigate some of the risks associated with operating in a single sector and provides the company with multiple avenues for growth.

The company also faces challenges from regulatory and political risks, including changes in tax laws and regulations that could impact its profitability. In addition, the financial services industry is subject to economic cycles and market fluctuations, which could affect the company's financial performance.

Icahn Enterprises L.P. has several potential growth opportunities, including acquisitions, strategic investments, and expansion into new markets. The company has a strong track record of successful investments, and its leadership team has a wealth of experience in identifying and capitalizing on attractive investment opportunities.

Icahn Enterprises faces several challenges that could impact its growth prospects. One of the main challenges facing the company is the regulatory environment. The company is subject to various regulatory requirements, including environmental, health, and safety regulations, which could limit its operations or increase its compliance costs.

Another challenge facing Icahn Enterprises is the competitive landscape. The company faces stiff competition from established players in its various business segments. Some of its competitors have larger market shares, stronger brand recognition, and more extensive resources, which could limit Icahn Enterprises' ability to compete effectively.

Icahn Enterprises is exposed to market risks, such as fluctuations in commodity prices, interest rates, and foreign exchange rates. These risks could impact the company's financial performance, mainly if they occur in combination.

IEP Stock Price History

IEP Stock News Headlines

Is Icahn Enterprises Stock a Buy?
Risky Bonds Join the Everything Rally
2 Dividend Stocks to Avoid in May
Icahn Enterprises L.P. Posts Narrower Loss In Q1
Q1 2024 Icahn Enterprises LP Earnings Call
Icahn Enterprises earnings: here's what to expect
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 4/18 Dividend
3/08/2024
Dividend Payable
4/18/2024
Ex-Dividend for 6/25 Dividend
5/17/2024
Today
5/26/2024
Dividend Payable
6/25/2024
Next Earnings (Estimated)
8/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:IEP
Employees
15,038
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$27.00
High Stock Price Target
$27.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+61.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-684,000,000.00
Pretax Margin
-5.43%

Debt

Sales & Book Value

Annual Sales
$10.85 billion
Book Value
$12.47 per share

Miscellaneous

Free Float
44,668,000
Market Cap
$7.53 billion
Optionable
Optionable
Beta
0.81

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Key Executives

  • Mr. Ted Papapostolou (Age 43)
    CFO, Director & Secretary of Icahn Enterprises G.P. Inc
    Comp: $1.21M
  • Mr. Andrew Teno (Age 39)
    President, CEO & Director of Icahn Enterprises GP, Inc.
  • Mr. Robert E. Flint (Age 46)
    Chief Accounting Officer & Principal Accounting Officer
  • Mr. Angel Montalvo
    Investor Relations Contact
  • Mr. Hunter C. Gary (Age 49)
    Senior Managing Director
  • Mr. Jesse A. Lynn (Age 53)
    General Counsel

IEP Stock Analysis - Frequently Asked Questions

Should I buy or sell Icahn Enterprises stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Icahn Enterprises in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IEP shares.
View IEP analyst ratings
or view top-rated stocks.

What is Icahn Enterprises' stock price target for 2024?

1 Wall Street analysts have issued 12-month price objectives for Icahn Enterprises' stock. Their IEP share price targets range from $27.00 to $27.00. On average, they anticipate the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 61.7% from the stock's current price.
View analysts price targets for IEP
or view top-rated stocks among Wall Street analysts.

How have IEP shares performed in 2024?

Icahn Enterprises' stock was trading at $17.19 at the beginning of 2024. Since then, IEP stock has decreased by 2.9% and is now trading at $16.70.
View the best growth stocks for 2024 here
.

When is Icahn Enterprises' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024.
View our IEP earnings forecast
.

How were Icahn Enterprises' earnings last quarter?

Icahn Enterprises L.P. (NASDAQ:IEP) issued its 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 conglomerate earned $2.68 billion during the quarter, compared to the consensus estimate of $2.73 billion. Icahn Enterprises had a negative net margin of 4.30% and a negative trailing twelve-month return on equity of 7.04%.

How often does Icahn Enterprises pay dividends? What is the dividend yield for Icahn Enterprises?

Icahn Enterprises declared a quarterly dividend on Monday, May 6th. Investors of record on Monday, May 20th will be paid a dividend of $1.00 per share on Tuesday, June 25th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 23.95%. The ex-dividend date of this dividend is Friday, May 17th.
Read our dividend analysis for IEP
.

Is Icahn Enterprises a good dividend stock?

Icahn Enterprises (NASDAQ:IEP) pays an annual dividend of $4.00 per share and currently has a dividend yield of 23.95%. IEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for IEP.

What ETFs hold Icahn Enterprises' stock?

ETFs with the largest weight of Icahn Enterprises (NASDAQ:IEP) stock in their portfolio include Multi-Asset Diversified Income Index Fund (MDIV).

What other stocks do shareholders of Icahn Enterprises own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Icahn Enterprises investors own include Energy Transfer (ET), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), Walmart (WMT), Bank of America (BAC), Enterprise Products Partners (EPD) and Intel (INTC).

Who are Icahn Enterprises' major shareholders?

Icahn Enterprises' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BNP Paribas Financial Markets (0.07%), Mirae Asset Global Investments Co. Ltd. (0.06%), Raymond James Financial Services Advisors Inc. (0.03%), Commonwealth Equity Services LLC (0.02%), Fishman Jay A Ltd. MI (0.02%) and Triumph Capital Management (0.01%).
View institutional ownership trends
.

How do I buy shares of Icahn Enterprises?

Shares of IEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IEP) was last updated on 5/27/2024 by MarketBeat.com Staff

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