Icahn Enterprises (NASDAQ:IEP) Announces Earnings Results, Misses Estimates By $0.36 EPS

Icahn Enterprises (NASDAQ:IEP) released its quarterly earnings results on Wednesday. The conglomerate reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36), Zacks reports. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.27 billion.

Icahn Enterprises Trading Down 0.4 %

Shares of Icahn Enterprises stock opened at $9.99 on Thursday. The firm’s 50-day moving average price is $9.56 and its two-hundred day moving average price is $11.74. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of -9.18 and a beta of 0.81. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. Icahn Enterprises has a 12-month low of $8.53 and a 12-month high of $20.25.

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.