BidaskClub upgraded shares of International Speedway (NASDAQ:ISCA) from a strong sell rating to a sell rating in a report issued on Wednesday.
A number of other analysts have also recently issued reports on ISCA. Citigroup lifted their target price on shares of International Speedway from $31.00 to $40.00 and gave the company a sell rating in a research note on Tuesday, February 6th. Zacks Investment Research cut shares of International Speedway from a strong-buy rating to a hold rating in a research note on Tuesday, March 27th.
Shares of ISCA stock traded up $0.10 during trading on Wednesday, hitting $41.35. 880 shares of the company were exchanged, compared to its average volume of 135,359. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market cap of $1.87 billion, a P/E ratio of 25.62, a P/E/G ratio of 3.43 and a beta of 1.24. International Speedway has a twelve month low of $41.20 and a twelve month high of $41.50.
International Speedway (NASDAQ:ISCA) last posted its quarterly 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. The business had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $151.88 million. International Speedway had a net margin of 38.51% and a return on equity of 5.25%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. sell-side analysts predict that International Speedway will post 2 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost from International Speedway’s previous annual dividend of $0.43. This represents a yield of 1.17%. International Speedway’s payout ratio is 26.71%.
In other International Speedway news, COO John R. Saunders sold 2,500 shares of International Speedway stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 46,130 shares in the company, valued at $1,870,110.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.06% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of ISCA. Mawer Investment Management Ltd. acquired a new stake in International Speedway in the fourth quarter valued at approximately $6,736,000. Thrivent Financial For Lutherans lifted its stake in International Speedway by 61.5% in the fourth 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 lifted its stake in International Speedway by 671.9% in the fourth 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. BlackRock Inc. raised its position in shares of International Speedway by 3.4% in the first quarter. BlackRock Inc. now owns 2,478,045 shares of the company’s stock valued at $109,281,000 after purchasing an additional 82,326 shares during the period. Finally, American Century Companies Inc. bought a new position in shares of International Speedway in the fourth quarter valued at approximately $3,173,000. Hedge funds and other institutional investors own 52.01% of the company’s stock.
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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