Icahn Enterprises (NASDAQ:IEP – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.
Icahn Enterprises Price Performance
Shares of NASDAQ IEP opened at $9.64 on Friday. The firm has a market cap of $5.04 billion, a P/E ratio of -8.84 and a beta of 0.85. The business’s 50 day moving average is $9.69 and its 200-day moving average is $11.17. 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 has a 1-year low of $8.53 and a 1-year high of $19.10.
Icahn Enterprises (NASDAQ:IEP – Get Free Report) last posted its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.27 billion. Equities research analysts predict that Icahn Enterprises will post -0.55 earnings per share for the current year.
Hedge Funds Weigh In On Icahn Enterprises
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.
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