Icahn Enterprises (NASDAQ:IEP – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Sunday.
Icahn Enterprises Trading Up 7.1 %
IEP opened at $9.50 on Friday. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of -8.72 and a beta of 0.85. The stock’s 50 day moving average price is $9.68 and its 200-day moving average price is $11.21. Icahn Enterprises has a one year low of $8.53 and a one year high of $19.10. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61.
Icahn Enterprises (NASDAQ:IEP – Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). 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 for the quarter, compared to the consensus estimate of $2.27 billion. On average, equities analysts forecast that Icahn Enterprises will post -0.55 EPS for the current year.
Institutional Inflows and Outflows
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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