International Speedway Corp. (ISCA) Stock Price Up 5.3%
International Speedway Corp. (NASDAQ:ISCA) rose 5.3% on Wednesday . The company traded as high as $34.15 and last traded at $33.94, with a volume of 150,185 shares changing hands. The stock had previously closed at $32.24.
Separately, Zacks Investment Research lowered shares of International Speedway Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th.
The firm’s 50 day moving average price is $33.24 and its 200 day moving average price is $33.86. The company has a market cap of $1.58 billion and a PE ratio of 22.97.
International Speedway Corp. (NASDAQ:ISCA) last issued its quarterly earnings data on Tuesday, July 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by $0.03. During the same period last year, the company posted $0.35 EPS. The firm had revenue of $167.60 million for the quarter. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts predict that International Speedway Corp. will post $1.54 EPS for the current fiscal year.
The firm also recently announced an annual dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st were issued a dividend of $0.41 per share. This is a positive change from International Speedway Corp.’s previous annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, May 26th.
Other large investors have added to or reduced their stakes in the company. Morgan Stanley raised its stake in International Speedway Corp. by 100.1% in the fourth quarter. Morgan Stanley now owns 137,429 shares of the company’s stock worth $4,635,000 after buying an additional 68,749 shares during the period. Pinnacle Associates Ltd. raised its stake in International Speedway Corp. by 118.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 416,141 shares of the company’s stock worth $14,032,000 after buying an additional 225,301 shares during the period. Paradice Investment Management LLC raised its stake in International Speedway Corp. by 75.4% in the fourth quarter. Paradice Investment Management LLC now owns 1,203,231 shares of the company’s stock worth $40,573,000 after buying an additional 517,105 shares during the period. Boston Partners raised its stake in International Speedway Corp. by 14.0% in the fourth quarter. Boston Partners now owns 846,952 shares of the company’s stock worth $28,559,000 after buying an additional 103,804 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in International Speedway Corp. by 3.1% in the fourth quarter. OppenheimerFunds Inc. now owns 420,263 shares of the company’s stock worth $14,172,000 after buying an additional 12,571 shares during the period.
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. Its motorsports themed event operations consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events.
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