Icahn Enterprises L.P. (IEP) Announces $1.50 Dividend
Icahn Enterprises L.P. (NASDAQ:IEP) announced a dividend on Friday, November 3rd, Fidelity reports. Investors of record on Monday, November 13th will be given a dividend of 1.50 per share by the conglomerate on Wednesday, December 20th. The ex-dividend date of this dividend is Friday, November 10th.
Icahn Enterprises L.P. (NASDAQ:IEP) traded up $2.06 during mid-day trading on Friday, reaching $58.00. 139,664 shares of the company were exchanged, compared to its average volume of 63,334. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 1.07. The stock has a market cap of $9.19 billion, a PE ratio of 6.45 and a beta of 1.77.
Icahn Enterprises L.P. (NASDAQ:IEP) last posted its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $9.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $9.02. Icahn Enterprises L.P. had a return on equity of 15.51% and a net margin of 6.35%. The business had revenue of $6.65 billion for the quarter.
IEP has been the topic of several research analyst reports. BidaskClub raised Icahn Enterprises L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price target on shares of Icahn Enterprises L.P. in a research report on Wednesday, August 9th. Finally, TheStreet raised Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $50.50.
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.
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