Latest news with #IcahnEnterprises
Yahoo
03-08-2025
- Business
- Yahoo
Icahn Enterprises (IEP) Q2 Earnings Report Preview: What To Look For
Holding company and industrial conglomerate Icahn (NYSE:IEP) will be reporting results this Monday before the bell. Here's what to expect. Icahn Enterprises missed analysts' revenue expectations by 29% last quarter, reporting revenues of $1.87 billion, down 24.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is Icahn Enterprises a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Icahn Enterprises's revenue to grow 8.5% year on year to $2.39 billion, a reversal from the 13.7% decrease it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Icahn Enterprises has missed Wall Street's revenue estimates five times over the last two years. Looking at Icahn Enterprises's peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Luxfer delivered year-on-year revenue growth of 4.3%, beating analysts' expectations by 5.9%, and GE Aerospace reported revenues up 23.4%, topping estimates by 6.5%. Luxfer's stock price was unchanged after the resultswhile GE Aerospace was down 1.1%. Read our full analysis of Luxfer's results here and GE Aerospace's results here. Investors in the general industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Icahn Enterprises is up 6.3% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $9.00). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
SANDRIDGE ENERGY, INC. ANNOUNCES APPOINTMENT OF BRETT ICAHN TO THE BOARD OF DIRECTORS
OKLAHOMA CITY, July 22, 2025 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced that Brett Icahn will become a director of the Company effective August 1, 2025, increasing the Board size to six members. SandRidge Energy, Inc. logo. (PRNewsFoto/SandRidge Energy, Inc.) Brett Icahn (age 45) is a respected American investor and portfolio manager, currently serving as a member of the board of Icahn Enterprises L.P. and a Portfolio Manager at Icahn Capital LP, a subsidiary of Icahn Enterprises. Icahn Enterprises is a diversified holding company engaged in a wide range of sectors, including investment, automotive, energy, food packaging, metals, real estate, and home fashion. Since October 2020, Mr. Icahn has played a leading role in managing the investment strategy for Icahn Capital. Prior to that, from 2017 to 2020, he served as a consultant to Icahn Enterprises, where he provided exclusive investment advice to Carl C. Icahn, focusing on capital allocation across the firm's operating subsidiaries and investment portfolio. In addition to the board of Icahn Enterprises L.P., Mr. Icahn currently serves on the board of Bausch Health Companies Inc. (since March 2021), and on the board of Bausch + Lomb Corporation (since June 2022). In the last five years, Mr. Icahn has previously served on the boards of Dana Inc. and Newell Brands Inc. Prior to then, Mr. Icahn has previously served on the boards of American Railcar Industries, Inc., Cadus Corporation, Nuance Communications, Inc., Take-Two Interactive Software Inc., The Hain Celestial Group, Inc., and Voltari Corporation (previously known as Motricity Inc.). Known for his analytical rigor and long-term investment perspective, Brett Icahn has played a key role in numerous high-profile investment decisions and activist campaigns. His career reflects a deep commitment to shareholder value and responsible corporate governance. Mr. Vince Intrieri, Chairman of the Board of SandRidge commented, "We are so pleased to welcome Brett Icahn to our Board of Directors. His appointment reflects the strong commitment of our major shareholders to the long-term success of our company. We look forward to benefiting from his insight and experience as we continue to execute our strategy and create value for all stakeholders." Mr. Brett Icahn commented, "I am very pleased to be joining the Board and excited to work alongside such a talented leadership team. I look forward to contributing meaningfully to the Company's continued growth and success, and to representing the interests of all shareholders as we pursue long-term value creation."
Yahoo
15-07-2025
- Business
- Yahoo
Should You Invest in Icahn Enterprises (IEP)? Here's What You Need to Know
Icahn Enterprises L.P. (NASDAQ:IEP) is one of the . On May 7, Icahn Enterprises L.P. (NASDAQ:IEP) released its Q1 2025 results. The company faced a tough first quarter and posted a net loss of $422 million, higher than the $38 million net loss it faced in the same quarter last year. Management noted that this was mainly due to the large investment losses, especially in the healthcare sector. The investment activity alone lost $394 million during the quarter. A forklift stocking shelves with newly manufactured food packaging products. Moreover, the Investment segment as a whole recorded a loss of $224 million, resulting in overall poor performance. Icahn Enterprises L.P. (NASDAQ:IEP)'s net asset value dropped to $3.0 billion from $3.34 billion at the end of March 31, 2025. Most of this decline came from lower values in its investment funds and its Viskase subsidiary. However, despite the challenging quarter, analysts see more than 37% upside for Icahn Enterprises L.P. (NASDAQ:IEP). Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company with businesses in several industries. It operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals. While we acknowledge the potential of IEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Icahn Enterprises Boosts Holdings While Maintaining High Yield Amid Losses
Icahn Enterprises L.P. (NASDAQ:IEP) is one of the . Following significant losses in net income and revenue in Q1 2025, the company has increased its stake in four holdings. A forklift stocking shelves with newly manufactured food packaging products. Florida-based company, Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company operating across energy, automotive, food packaging, metals, real estate, home fashion, pharmaceuticals, and investment sectors. Functioning as a master limited partnership, the company is controlled by Carl Icahn, a leading American businessman and investor. In its Q1 earnings call, released on May 7, 2025, the company reported a few significant losses. Specifically, the revenue declined from $2.5 billion in Q1 2024 to $1.9 billion in Q1 2025. Net loss, on the other hand, increased from $38 million in the same quarter of the previous year to $422 million in the first quarter of the current year, due to negative performance in funds. Later, in an SEC filing, the company disclosed its holdings as of March 31, 2025. Based on the disclosure, the company has increased its stake in four holdings, including by size of previous position, CVR Energy, JetBlue, Illumina, and CVR Partners. The 3% increase in CVR Energy's share price, which contributed to $80 million increase from the previous quarter, indicates that Icahn Enterprises L.P. (NASDAQ:IEP) has made good investments. The company offers a significantly high dividend yield of 24.88%, while having gained a Buy rating from analysts, turning Icahn Enterprises L.P. (NASDAQ:IEP) into one of the best MLP dividend stocks. While we acknowledge the potential of IEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
1 of Wall Street's Favorite Stock to Target This Week and 2 to Ignore
The stocks in this article have caught Wall Street's attention in a big way, with price targets implying returns above 20%. But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory. At StockStory, we look beyond the headlines with our independent analysis to determine whether these bullish calls are justified. Keeping that in mind, here is one stock where Wall Street's excitement appears well-founded and two where its enthusiasm might be excessive. Consensus Price Target: $12 (46.3% implied return) Founded in 1987, Icahn Enterprises (NASDAQ: IEP) is a diversified holding company primarily engaged in investment and asset management across various sectors. Why Are We Cautious About IEP? Annual sales declines of 14.1% for the past two years show its products and services struggled to connect with the market during this cycle Shrinking returns on capital from an already weak position reveal that neither previous nor ongoing investments are yielding the desired results EBITDA losses may force it to accept punitive lending terms or high-cost debt Icahn Enterprises is trading at $8.20 per share, or 0.4x forward price-to-sales. Read our free research report to see why you should think twice about including IEP in your portfolio, it's free. Consensus Price Target: $10.62 (36.3% implied return) Helping homeowners use solar energy to power their homes, Sunrun (NASDAQ:RUN) provides residential solar electricity, specializing in panel installation and leasing services. Why Does RUN Give Us Pause? Products and services are facing significant end-market challenges during this cycle as sales have declined by 7.1% annually over the last two years Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions Short cash runway increases the probability of a capital raise that dilutes existing shareholders Sunrun's stock price of $7.79 implies a valuation ratio of 11x forward EV-to-EBITDA. Dive into our free research report to see why there are better opportunities than RUN. Consensus Price Target: $37.50 (35.2% implied return) Founded in 1952, Distribution Solutions (NASDAQ:DSGR) provides supply chain solutions and distributes industrial, safety, and maintenance products to various industries. Why Is DSGR a Good Business? Impressive 17.8% annual revenue growth over the last two years indicates it's winning market share this cycle Additional sales over the last two years increased its profitability as the 24.9% annual growth in its earnings per share outpaced its revenue Free cash flow margin grew by 3.8 percentage points over the last five years, giving the company more chips to play with At $27.74 per share, Distribution Solutions trades at 16x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
