Icahn Enterprises - IEP Stock Forecast, Price & News

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company's Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company's Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.

Icahn Enterprises Price Performance

Shares of Icahn Enterprises stock opened at $54.89 on Friday. The company has a quick ratio of 5.41, a current ratio of 5.70 and a debt-to-equity ratio of 0.70. The company has a market cap of $17.72 billion, a PE ratio of -33.88 and a beta of 0.80. The business has a 50 day moving average of $50.95 and a 200 day moving average of $52.46. Icahn Enterprises has a 52 week low of $47.17 and a 52 week high of $58.88.

Icahn Enterprises (NASDAQ:IEP - Get Rating) last announced its earnings results on Thursday, August 4th. The conglomerate reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.48). The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $2.65 billion. Icahn Enterprises had a negative net margin of 3.03% and a negative return on equity of 3.52%. As a group, equities research analysts forecast that Icahn Enterprises will post 1.03 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Friday, August 19th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $8.00 dividend on an annualized basis and a yield of 14.57%. Icahn Enterprises's dividend payout ratio (DPR) is -493.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Icahn Enterprises from a "buy" rating to a "hold" rating in a research note on Monday, August 8th.