ItsMyOption
3 months ago
earning improving and continues to pay $1.00 Div. should continue to go up, IMO
Icahn Enterprises L.P. (IEP) posted a net loss of $38 million, or a loss of $0.09 per depositary unit for the three months ended March 31, 2024 compared to a net loss of $270 million, or a loss of $0.75 per depositary unit, prior year.
For the three months ended March 31, 2024, revenues were $2.5 billion compared to $2.7 billion, a year ago.
On May 6, 2024, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.00 per depositary unit, which will be paid on or about June 25, 2024, to depositary unitholders of record at the close of business on May 20, 2024.
ItsMyOption
3 months ago
Top Dividend stocks to buy now!
in this article = https://www.insidermonkey.com/blog/10-dividend-stocks-with-over-9-yield-according-to-analysts-1289046/
8. Icahn Enterprises LP Common Stock (NASDAQ:IEP)
Average Analyst Price Estimate: $25
Upside Potential: 44%
Billionaire Carl Icahn-led conglomerate Icahn Enterprises LP Common Stock (NASDAQ:IEP) is one of the dividend stocks with 9% yield that has high upside potential based on analyst price estimates. Wall Street analysts expect the stock to reach $25, while it was trading at around $17 as of April 14. The company talked about dividends and other important business matters in an earnings call in February:
βCVI declared a fourth quarter cash dividend of $0.50 per share. And now to our Automotive segment. As we previously discussed, the segment has undergone significant change due to the deconsolidation of Auto Plus in January of 2023. The segment results throughout 2023 are made up primarily of automotive service operations as compared to 2022, which also included the aftermarket parts operations of Auto Plus.
Q4 2023 automotive service revenues were down $15 million compared to Q4 2022, driven by store closures and lower car count. Adjusted EBITDA was $28 million for the quarter, a $71 million improvement as compared to Q4 2022, mainly due to the exit of the Auto Plus aftermarket parts business. Now, turning to our Real Estate segment. Q4 2023 net sales and other revenues increased by $8 million and adjusted EBITDA increased by $3 million compared to the prior year quarter, primarily driven by the sale of single family homes. Now on to our Other Operating segments. Food packagingβs adjusted EBITDA was flat for Q4 2023 as compared to the prior year quarter. The quarter-over-quarter comparison was positively impacted by pricing initiatives and lower distribution cost, which was offset by lower sales volume.β
bar1080
5 months ago
"Icahn Enterprises > of Drop in Asset Value, Names Insider Teno CEO"
"(Reuters) -Icahn Enterprises on Wednesday warned of a sequential decline in its indicative net asset value in the fourth quarter, sending shares of the investment firm, which named insider Andrew Teno as its CEO, down 11%.
The drop in a key metric that gauges the value of a fund's assets adds more pressure on IEP's stock, which saw a selloff last year after short seller Hindenburg Research bet against the firm.
Hindenburg in May accused billionaire Carl Icahn-owned IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The company's units were overvalued by more than 75%, the short seller had alleged."
https://money.usnews.com/investing/news/articles/2024-02-21/icahn-enterprises-names-insider-andrew-teno-as-ceo
ItsMyOption
6 months ago
4 High-Yield Dividend Stocks Wall Street Thinks Will Soar 45% or More in 2024
Icahn Enterprises LP
Icahn Enterprises LP (NASDAQ: IEP) bears the name of its famous founder, Carl Icahn. The Florida-based holding company operates businesses in a wide range of industries, including automotive, energy, investments, and real estate. Its dividend yield stands at a jaw-dropping 22.3%.
Last year, Icahn Enterprises slashed its dividend in half. The move didn't negatively impact its yield very much because the company's share price nosedived. Over the last 12 months, Icahn Enterprises stock has plummeted 65%.
The lone analyst surveyed by LSEG who set a price target for Icahn Enterprises, however, is looking for brighter days ahead. That target is 45% above the current share price. Although that isn't enough to enable Icahn Enterprises to regain its losses over the past year, it's nonetheless a big jump -- if the stock can climb as much as the analyst projects.
ItsMyOption
9 months ago
Earnings report better than expected and $1.00 qt. dividend.
Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Third Quarter 2023 Financial Results
Sunny Isles Beach, Fla, November 3, 2023 β
Β· Third quarter net loss attributable to IEP of $6 million, an improvement of $117 million over prior year quarter
Β· Third quarter Adjusted EBITDA attributable to IEP of $272 million, an increase of $202 million over prior year quarter
Β· Indicative net asset value increased $147 million during the quarter to $5.2 billion
Β· IEP maintains the quarterly distribution of $1.00 per depositary unit for the third quarter
Financial Summary
(Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified)
For the three months ended September 30, 2023, revenues were $3.0 billion and net losses were $6 million, or a loss of $0.01 per depository unit. For the three months ended September 30, 2022, revenues were $3.4 billion and net losses were $123 million, or a loss of $0.37 per depository unit. Adjusted EBITDA was $272 million for the three months ended September 30, 2023, compared to $70 million for the three months ended September 30, 2022.
For the nine months ended September 30, 2023, revenues were $8.2 billion and net losses were $545 million, or a loss of $1.47 per depositary unit. For the nine months ended September 30, 2022, revenues were $11.0 billion and net income was $72 million, or $0.23 per depositary unit. Adjusted EBITDA was $422 million for the nine months ended September 30, 2023, compared to $812 million for the nine months ended September 30, 2022.?
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As of September 30, 2023, indicative net asset value increased $147 million compared to June 30, 2023, and decreased $474 million compared to December 31, 2022, respectively. The year-to-date figures include non-recurring losses in connection with Auto Plus bankruptcy. The change in indicative net asset value includes, among other things, changes in the fair value of certain subsidiaries which are not included in our GAAP earnings reported above.??
On November 1, 2023, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.00 per depositary unit, which will be paid on or about December 27, 2023, to depositary unitholders of record at the close of business on November 17, 2023. Depositary unitholders will have until December 15, 2023, to make a timely election to receive either cash or additional depositary units. If a unitholder does not make a timely election, it will automatically be deemed to have elected to receive the distribution in additional depositary units. Depositary unitholders who elect to receive (or who are deemed to have elected to receive) additional depositary units will receive units valued at the volume weighted average trading price of the units during the five consecutive trading days ending December 22, 2023. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any unitholders electing to receive (or who are deemed to have elected to receive) depositary units.