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

Icahn Enterprises (NASDAQ:IEP) released its 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. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.27 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%.

Icahn Enterprises Stock Performance

Shares of IEP opened at $9.99 on Thursday. The stock has a 50-day moving average of $9.56 and a 200-day moving average of $11.74. Icahn Enterprises has a one year low of $8.53 and a one year high of $20.25. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. The company has a market cap of $5.03 billion, a PE ratio of -9.18 and a beta of 0.81.

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.