Icahn Enterprises (NASDAQ:IEP) Shares Gap Down – What’s Next?

18 May 2026, 12:25 by Jessica Moore · The Cerbat Gem

Icahn Enterprises L.P. (NASDAQ:IEP – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.19, but opened at $7.77. Icahn Enterprises shares last traded at $7.59, with a volume of 561,656 shares trading hands.

Wall Street Analysts Forecast Growth

IEP has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Icahn Enterprises in a research note on Friday, April 10th. Wall Street Zen downgraded shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Icahn Enterprises presently has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on Icahn Enterprises

Icahn Enterprises Stock Down 6.8%

The company has a debt-to-equity ratio of 2.72, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market cap of $5.13 billion, a price-to-earnings ratio of -14.68 and a beta of 0.83. The firm’s 50 day simple moving average is $7.83 and its 200-day simple moving average is $7.91.

Icahn Enterprises (NASDAQ:IEP – Get Free Report) last announced its earnings results on Wednesday, May 6th. The conglomerate reported ($0.71) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.81). Icahn Enterprises had a negative return on equity of 10.27% and a negative net margin of 3.24%.The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.33 billion.

Icahn Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, May 18th. This represents a $2.00 annualized dividend and a dividend yield of 26.2%. Icahn Enterprises’s dividend payout ratio is -384.62%.

Institutional Investors Weigh In On Icahn Enterprises

Hedge funds have recently added to or reduced their stakes in the company. Caz Investments LP grew its stake in shares of Icahn Enterprises by 12.5% during the 2nd quarter. Caz Investments LP now owns 11,254 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 1,254 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Icahn Enterprises by 5.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 24,086 shares of the conglomerate’s stock worth $182,000 after purchasing an additional 1,318 shares during the period. Meridian Wealth Management LLC increased its holdings in Icahn Enterprises by 6.1% in the third quarter. Meridian Wealth Management LLC now owns 25,342 shares of the conglomerate’s stock valued at $213,000 after buying an additional 1,454 shares in the last quarter. Merit Financial Group LLC increased its holdings in Icahn Enterprises by 12.7% in the fourth quarter. Merit Financial Group LLC now owns 13,021 shares of the conglomerate’s stock valued at $98,000 after buying an additional 1,464 shares in the last quarter. Finally, MGO One Seven LLC increased its holdings in Icahn Enterprises by 4.5% in the third quarter. MGO One Seven LLC now owns 49,318 shares of the conglomerate’s stock valued at $415,000 after buying an additional 2,118 shares in the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Company Profile

(Get Free Report)

Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company based in New York City. Controlled by veteran investor Carl C. Icahn, the partnership makes strategic investments and owns wholly or partially controlled subsidiaries across a broad range of industries. With a flexible capital structure, Icahn Enterprises seeks to generate long-term value through active ownership, asset optimization and operational improvements.