Icahn Enterprises (NASDAQ:IEP) Issues Quarterly Earnings Results

Icahn Enterprises (NASDAQ:IEP) announced its quarterly earnings results on Wednesday. The conglomerate reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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 Trading Down 2.2 %

Icahn Enterprises stock traded down $0.23 during trading on Wednesday, reaching $10.03. 908,214 shares of the company were exchanged, compared to its average volume of 772,146. The stock’s 50 day simple moving average is $9.56 and its two-hundred day simple moving average is $11.75. The company has a market capitalization of $5.06 billion, a P/E ratio of -9.22 and a beta of 0.81. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. Icahn Enterprises has a 52-week low of $8.53 and a 52-week 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.