BidaskClub lowered shares of International Speedway (NASDAQ:ISCA) from a hold rating to a sell rating in a report released on Tuesday morning.
Several other research firms have also recently commented on ISCA. Zacks Investment Research upgraded shares of International Speedway from a sell rating to a hold rating in a report on Thursday, September 6th. Pivotal Research cut shares of International Speedway from a hold rating to a sell rating and set a $26.00 price target on the stock. in a report on Tuesday, September 18th. ValuEngine upgraded shares of International Speedway from a sell rating to a hold rating in a report on Friday, October 26th. Finally, Citigroup upgraded shares of International Speedway from a sell rating to a neutral rating in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. International Speedway presently has a consensus rating of Hold and an average target price of $38.67.
Shares of ISCA stock opened at $42.32 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.71 and a quick ratio of 2.71. International Speedway has a twelve month low of $35.12 and a twelve month high of $49.95. The company has a market cap of $1.87 billion, a P/E ratio of 26.29, a P/E/G ratio of 19.94 and a beta of 1.22.
International Speedway (NASDAQ:ISCA) last posted its quarterly earnings results on Thursday, October 4th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. International Speedway had a net margin of 38.82% and a return on equity of 5.59%. The business had revenue of $159.30 million for the quarter, compared to analysts’ expectations of $152.93 million. During the same period in the previous year, the company posted $0.05 EPS. International Speedway’s revenue was up 20.8% on a year-over-year basis. As a group, equities analysts predict that International Speedway will post 1.94 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Bruderman Asset Management LLC bought a new stake in International Speedway in the second quarter worth $125,000. Toronto Dominion Bank boosted its holdings in International Speedway by 94.8% in the second quarter. Toronto Dominion Bank now owns 2,930 shares of the company’s stock worth $131,000 after purchasing an additional 1,426 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in International Speedway in the second quarter worth $203,000. WINTON GROUP Ltd bought a new stake in International Speedway in the third quarter worth $205,000. Finally, Sei Investments Co. boosted its holdings in International Speedway by 54.2% in the second quarter. Sei Investments Co. now owns 5,213 shares of the company’s stock worth $233,000 after purchasing an additional 1,832 shares in the last quarter. Hedge funds and other institutional investors own 50.39% of the company’s stock.
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.
Read More: Closed-End Mutual Funds (CEFs)
Receive News & Ratings for International Speedway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway and related companies with MarketBeat.com's FREE daily email newsletter.