Icahn Enterprises (NASDAQ:IEP) Announces Quarterly Earnings Results

Icahn Enterprises (NASDAQ:IEP) announced its quarterly earnings results on Wednesday. The conglomerate reported ($0.19) earnings per share (EPS) 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%.

Icahn Enterprises Price Performance

Shares of NASDAQ:IEP traded down $0.23 during midday trading on Wednesday, reaching $10.03. 908,214 shares of the company were exchanged, compared to its average volume of 772,146. The business’s fifty day moving average is $9.56 and its two-hundred day moving average is $11.75. Icahn Enterprises has a one year low of $8.53 and a one year high of $20.25. The stock has a market cap of $5.06 billion, a PE ratio of -9.22 and a beta of 0.81. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34.

Icahn Enterprises Company Profile

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.