Icahn Enterprises (IEP) Scheduled to Post Earnings on Wednesday

Icahn Enterprises (NASDAQ:IEP) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Icahn Enterprises to post earnings of $0.25 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.54). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Icahn Enterprises had a negative net margin of 6.21% and a negative return on equity of 9.60%.

Icahn Enterprises Stock Up 0.5 %

NASDAQ:IEP opened at $17.64 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.70 and a quick ratio of 5.70. The firm has a 50-day moving average of $17.77 and a two-hundred day moving average of $17.76. Icahn Enterprises has a 1-year low of $15.00 and a 1-year high of $51.34.

Icahn Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Monday, March 11th were given a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 22.68%. Icahn Enterprises’s payout ratio is currently -220.99%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

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.