Gabelli Weighs in on International Speedway Co.’s FY2019 Earnings (ISCA)

International Speedway Co. (NASDAQ:ISCA) – Investment analysts at Gabelli dropped their FY2019 EPS estimates for International Speedway in a research note issued to investors on Wednesday, April 4th. Gabelli analyst B. Lucas now expects that the company will post earnings per share of $2.10 for the year, down from their previous estimate of $2.20. Gabelli also issued estimates for International Speedway’s FY2020 earnings at $2.20 EPS and FY2021 earnings at $2.30 EPS.

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International Speedway (NASDAQ:ISCA) last posted its earnings results on Tuesday, April 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $148.90 million during the quarter, compared to the consensus estimate of $151.88 million. International Speedway had a net margin of 38.51% and a return on equity of 5.25%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS.

ISCA has been the subject of a number of other research reports. BidaskClub downgraded shares of International Speedway from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded shares of International Speedway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Citigroup increased their target price on shares of International Speedway from $31.00 to $40.00 and gave the stock a “sell” rating in a research report on Tuesday, February 6th.

ISCA opened at $40.80 on Friday. The company has a market cap of $1,802.91, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. International Speedway has a 1 year low of $32.25 and a 1 year high of $47.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.62 and a quick ratio of 3.81.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Paradice Investment Management LLC increased its position in International Speedway by 0.4% during the 4th quarter. Paradice Investment Management LLC now owns 1,948,322 shares of the company’s stock worth $77,641,000 after purchasing an additional 8,016 shares in the last quarter. Renaissance Technologies LLC increased its position in International Speedway by 6.1% during the 4th quarter. Renaissance Technologies LLC now owns 817,066 shares of the company’s stock worth $32,560,000 after purchasing an additional 46,966 shares in the last quarter. River Road Asset Management LLC boosted its holdings in International Speedway by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 686,395 shares of the company’s stock worth $27,353,000 after acquiring an additional 13,920 shares during the period. Westwood Holdings Group Inc. boosted its holdings in International Speedway by 1.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 325,730 shares of the company’s stock worth $12,980,000 after acquiring an additional 4,660 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in International Speedway by 61.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 318,402 shares of the company’s stock worth $12,689,000 after acquiring an additional 121,257 shares during the period. 52.03% of the stock is owned by hedge funds and other institutional investors.

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International Speedway Company Profile

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.

Earnings History and Estimates for International Speedway (NASDAQ:ISCA)

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