Icahn Enterprises (IEP) Receiving Somewhat Negative News Coverage, InfoTrie Reports

News articles about Icahn Enterprises (NASDAQ:IEP) have been trending somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Icahn Enterprises earned a coverage optimism score of -1.14 on their scale. InfoTrie also assigned media stories about the conglomerate an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.

NASDAQ IEP opened at $74.65 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 8.55 and a current ratio of 8.55. Icahn Enterprises has a fifty-two week low of $50.33 and a fifty-two week high of $81.88.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Thursday, February 28th. The conglomerate reported $8.03 earnings per share for the quarter, topping the consensus estimate of $5.83 by $2.20. Icahn Enterprises had a negative return on equity of 1.31% and a net margin of 10.39%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Monday, March 11th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 8th. This is a boost from Icahn Enterprises’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a yield of 10.72%.

Separately, BidaskClub downgraded Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th.

In other Icahn Enterprises news, Director Jack Gumpert Wasserman bought 500 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $77.81 per share, for a total transaction of $38,905.00. Following the completion of the purchase, the director now directly owns 1,562 shares of the company’s stock, valued at $121,539.22. The acquisition was disclosed in a filing with the SEC, which is available at this link. 90.10% of the stock is owned by corporate insiders.

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About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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