International Speedway Corp. (NASDAQ:ISCA) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Zacks has also given International Speedway Corp. an industry rank of 154 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently weighed in on the company. Citigroup Inc. dropped their price objective on International Speedway Corp. from $32.00 to $29.00 and set a “sell” rating on the stock in a research report on Monday, August 29th. Zacks Investment Research raised International Speedway Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th.
International Speedway Corp. (NASDAQ:ISCA) traded up 1.29% during midday trading on Tuesday, hitting $31.50. 107,283 shares of the stock traded hands. The company has a 50-day moving average of $32.91 and a 200-day moving average of $33.60. International Speedway Corp. has a 12 month low of $29.71 and a 12 month high of $37.87. The stock has a market cap of $1.44 billion, a PE ratio of 19.18 and a beta of 1.07.
International Speedway Corp. (NASDAQ:ISCA) last announced its quarterly earnings results on Thursday, October 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $129 million for the quarter. International Speedway Corp. had a return on equity of 5.00% and a net margin of 11.57%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, equities research analysts anticipate that International Speedway Corp. will post $1.49 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. MU Investments Co. Ltd. bought a new stake in shares of International Speedway Corp. during the second quarter worth $156,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of International Speedway Corp. by 336.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 4,800 shares of the company’s stock valued at $161,000 after buying an additional 3,700 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of International Speedway Corp. during the first quarter valued at $317,000. Oregon Public Employees Retirement Fund increased its stake in shares of International Speedway Corp. by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,343 shares of the company’s stock valued at $313,000 after buying an additional 217 shares in the last quarter. Finally, Societe Generale acquired a new stake in shares of International Speedway Corp. during the second quarter valued at $336,000. 51.68% of the stock is currently owned by institutional investors.
About International Speedway Corp.
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. Its motorsports themed event operations consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events.
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