International Speedway Co. (NASDAQ:ISCA) COO John R. Saunders sold 2,500 shares of the company’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $40.54, for a total value of $101,350.00. Following the completion of the transaction, the chief operating officer now owns 46,130 shares in the company, valued at approximately $1,870,110.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of ISCA traded down $1.18 during trading hours on Friday, reaching $39.62. The company’s stock had a trading volume of 136,292 shares, compared to its average volume of 153,609. The company has a market capitalization of $1,802.91, a price-to-earnings ratio of 25.00, a P/E/G ratio of 2.70 and a beta of 1.23. International Speedway Co. 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.
International Speedway (NASDAQ:ISCA) last issued its earnings results on Tuesday, April 3rd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $148.90 million for the quarter, compared to the consensus estimate of $151.88 million. International Speedway had a return on equity of 5.25% and a net margin of 38.51%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. equities research analysts expect that International Speedway Co. will post 2.02 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on ISCA shares. Zacks Investment Research downgraded International Speedway from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub downgraded International Speedway from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Citigroup upped their target price on International Speedway from $31.00 to $40.00 and gave the company a “sell” rating in a report on Tuesday, February 6th.
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About International Speedway
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.
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