In today’s recent session, 0.66 million shares of the Icahn Enterprises L P (NASDAQ:IEP) have been traded, and its beta is 0.72. Most recently the company’s share price was $11.52, and it changed around -$0.96 or -7.65% from the last close, which brings the market valuation of the company to $5.77B. IEP at last check was trading at a discount to its 52-week high of $22.59, offering almost -96.09% off that amount. The share price’s 52-week low was $9.72, which indicates that the recent value has risen by an impressive 15.62% since then. We note from Icahn Enterprises L P’s average daily trading volume that its 10-day average is 1.21 million shares, with the 3-month average coming to 1.38 million.
Icahn Enterprises L P stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 1 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended IEP as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Icahn Enterprises L P is expected to report earnings per share of 0.17 for the current quarter.
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Icahn Enterprises L P (NASDAQ:IEP) trade information
Instantly IEP has been showing red trend so far today with a performance of -7.65% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 13.16 on recent trading dayincreased the stock’s daily price by 12.46%. The company’s shares are currently down -32.96% year-to-date, but still down -10.45% over the last five days. On the other hand, Icahn Enterprises L P (NASDAQ:IEP) is -22.75% down in the 30-day period. We can see from the shorts that 11.03 million shares have been sold at a short interest cover period of 12.32 day(s).
Icahn Enterprises L P (IEP) estimates and forecasts
Icahn Enterprises L P share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.82 percent over the past six months and at a 68.57% annual growth rate that is well above the industry average of 6.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 152.66% in revenue this quarter, and will report an increase of 333.33% in the next quarter. The year-over-year growth rate is expected to be -16.12%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2.27B in revenue for the current quarter. 1 analysts expect Icahn Enterprises L P to make 2.27B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.68B and 2.24B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.17%. Forecasts for the next quarter put sales growth at 1.20%.
IEP Dividends
Icahn Enterprises L P’s next quarterly earnings report is expected to be released on 2025-Feb-26. The annual dividend yield of the stock is 34.71 percent and its annual dividend per share was 4.00. It is important to note, however, that the 34.71% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 19.74 per year.
Icahn Enterprises L P (NASDAQ:IEP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.10% of Icahn Enterprises L P shares, and 86.81% of them are in the hands of institutional investors. The stock currently has a share float of 86.90%. Icahn Enterprises L P stock is held by 144.0 institutions, with ICAHN CARL C being the largest institutional investor. By 2024-06-30, it held 94.7119% of the shares, which is about 406.31 million shares worth $6.7 billion.
SUSQUEHANNA INTERNATIONAL GROUP, LLP, with 0.2576% or 1.11 million shares worth $18.21 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
