Zacks: International Speedway Corp (ISCA) Receives Consensus Rating of “Hold” from Analysts

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International Speedway Corp (NASDAQ:ISCA) has been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a 12-month consensus price objective of $41.00 for the company and are forecasting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given International Speedway an industry rank of 70 out of 255 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded International Speedway from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine cut International Speedway from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, BidaskClub cut International Speedway from a “hold” rating to a “sell” rating in a report on Thursday, January 10th.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc lifted its stake in International Speedway by 0.9% during the 3rd quarter. Legal & General Group Plc now owns 25,020 shares of the company’s stock valued at $1,096,000 after acquiring an additional 228 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in International Speedway by 1.4% during the 4th quarter. Meeder Asset Management Inc. now owns 21,486 shares of the company’s stock valued at $942,000 after acquiring an additional 297 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in International Speedway by 18.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock valued at $84,000 after acquiring an additional 300 shares in the last quarter. Texas Permanent School Fund lifted its stake in International Speedway by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 15,995 shares of the company’s stock valued at $702,000 after acquiring an additional 617 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in International Speedway by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,587 shares of the company’s stock valued at $771,000 after acquiring an additional 684 shares in the last quarter. Institutional investors and hedge funds own 50.62% of the company’s stock.

Shares of ISCA traded down $0.05 during trading hours on Friday, reaching $43.50. The stock had a trading volume of 82,862 shares, compared to its average volume of 128,648. International Speedway has a 12 month low of $35.12 and a 12 month high of $49.95. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.89 billion, a P/E ratio of 23.51, a P/E/G ratio of 7.29 and a beta of 0.87.

International Speedway (NASDAQ:ISCA) last issued its earnings results on Thursday, April 4th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). International Speedway had a return on equity of 4.88% and a net margin of 11.45%. The firm had revenue of $150.55 million during the quarter, compared to the consensus estimate of $150.95 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. International Speedway’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect that International Speedway will post 1.99 EPS for the current year.

The business also recently disclosed an annual dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from International Speedway’s previous annual dividend of $0.47. This represents a yield of 1.13%. International Speedway’s dividend payout ratio (DPR) is 25.41%.

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.

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