Icahn Enterprises (IEP) to Release Quarterly Earnings on Wednesday

Icahn Enterprises (NASDAQ:IEP) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings results on Wednesday, May 8th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.34). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.79 billion. Icahn Enterprises had a negative net margin of 4.30% and a negative return on equity of 7.04%. On average, analysts expect Icahn Enterprises to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Icahn Enterprises Stock Performance

Shares of NASDAQ:IEP opened at $17.46 on Wednesday. The business has a 50-day moving average price of $16.67 and a two-hundred day moving average price of $17.56. Icahn Enterprises has a 1-year low of $15.00 and a 1-year high of $34.67. The stock has a market capitalization of $7.88 billion, a P/E ratio of -15.18 and a beta of 0.80. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 1.17.

Icahn Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, May 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 22.91%. Icahn Enterprises’s dividend payout ratio is -347.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

About Icahn Enterprises

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.