BidaskClub downgraded shares of International Speedway (NASDAQ:ISCA) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded International Speedway from a strong-buy rating to a hold rating in a research note on Tuesday, March 27th. Citigroup lifted their price target on International Speedway from $31.00 to $40.00 and gave the company a sell rating in a research report on Tuesday, February 6th.
Shares of NASDAQ ISCA opened at $39.85 on Friday. International Speedway has a 52 week low of $32.25 and a 52 week high of $47.45. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1,750.68, a price-to-earnings ratio of 24.75, a P/E/G ratio of 3.22 and a beta of 1.23.
International Speedway (NASDAQ:ISCA) last issued its earnings results on Tuesday, April 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. International Speedway had a return on equity of 5.25% and a net margin of 38.51%. The business had revenue of $148.90 million during the quarter, compared to the consensus estimate of $151.88 million. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue was up .7% compared to the same quarter last year. equities analysts forecast that International Speedway will post 2 earnings per share for the current fiscal year.
In other news, COO John R. Saunders sold 2,500 shares of International Speedway stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $40.54, for a total transaction of $101,350.00. Following the completion of the sale, 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 accessible through this hyperlink. Company insiders own 43.06% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ISCA. Mawer Investment Management Ltd. bought a new stake in shares of International Speedway during the 4th quarter valued at about $6,736,000. AXA boosted its position in shares of International Speedway by 571.9% during the 3rd quarter. AXA now owns 145,800 shares of the company’s stock valued at $5,249,000 after acquiring an additional 124,100 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of International Speedway by 61.5% during the 4th quarter. Thrivent Financial For Lutherans now owns 318,402 shares of the company’s stock valued at $12,689,000 after acquiring an additional 121,257 shares during the last quarter. Millennium Management LLC boosted its position in shares of International Speedway by 671.9% during the 4th quarter. Millennium Management LLC now owns 103,236 shares of the company’s stock valued at $4,114,000 after acquiring an additional 89,862 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of International Speedway during the 4th quarter valued at about $3,173,000. Hedge funds and other institutional investors own 52.03% of the company’s stock.
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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.
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