Icahn Enterprises L.P. (NASDAQ:IEP) announced its quarterly earnings results on Tuesday. The conglomerate reported $9.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $9.02, MarketWatch Earnings reports. Icahn Enterprises L.P. had a negative net margin of 1.72% and a negative return on equity of 2.32%.

Shares of Icahn Enterprises L.P. (NASDAQ IEP) traded up 4.2788% on Tuesday, hitting $56.1124. 217,304 shares of the company were exchanged. Icahn Enterprises L.P. has a 52-week low of $45.42 and a 52-week high of $64.80. The firm’s market capitalization is $8.99 billion.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 14th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date of this dividend is Thursday, August 10th. Icahn Enterprises L.P.’s payout ratio is -277.78%.

A number of research analysts recently commented on the stock. ValuEngine raised shares of Icahn Enterprises L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub raised shares of Icahn Enterprises L.P. from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC increased its position in Icahn Enterprises L.P. by 4.2% in the second quarter. Global X Management Co. LLC now owns 2,420 shares of the conglomerate’s stock worth $125,000 after buying an additional 97 shares during the period. IPG Investment Advisors LLC bought a new position in Icahn Enterprises L.P. during the second quarter worth approximately $207,000. Cambridge Investment Research Advisors Inc. increased its position in Icahn Enterprises L.P. by 24.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,924 shares of the conglomerate’s stock worth $358,000 after buying an additional 1,345 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Icahn Enterprises L.P. by 8.3% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 7,500 shares of the conglomerate’s stock worth $387,000 after buying an additional 574 shares during the period. Finally, Texas Yale Capital Corp. increased its position in Icahn Enterprises L.P. by 2.2% in the second quarter. Texas Yale Capital Corp. now owns 59,695 shares of the conglomerate’s stock worth $3,084,000 after buying an additional 1,262 shares during the period. 94.07% of the stock is currently owned by hedge funds and other institutional investors.

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Icahn Enterprises L.P. Company Profile

Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.

Earnings History for Icahn Enterprises L.P. (NASDAQ:IEP)

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