International Speedway Corp. (ISCA) Releases Quarterly Earnings Results
International Speedway Corp. (NASDAQ:ISCA) posted its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter. International Speedway Corp. had a return on equity of 4.88% and a net margin of 10.69%. The firm had revenue of $129 million for the quarter, compared to analysts’ expectations of $185.18 million.
International Speedway Corp. (NASDAQ:ISCA) opened at 33.70 on Thursday. The stock has a market capitalization of $1.55 billion, a PE ratio of 22.48 and a beta of 1.07. The company has a 50-day moving average price of $33.54 and a 200-day moving average price of $33.92. International Speedway Corp. has a 12-month low of $29.71 and a 12-month high of $37.87.
A number of research firms have recently weighed in on ISCA. Zacks Investment Research cut International Speedway Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Citigroup Inc. lowered their price target on International Speedway Corp. from $32.00 to $29.00 and set a “sell” rating on the stock in a report on Monday, August 29th.
A number of large investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. boosted its stake in International Speedway Corp. by 11.7% in the second quarter. Westwood Holdings Group Inc. now owns 342,171 shares of the company’s stock worth $11,445,000 after buying an additional 35,850 shares during the period. AQR Capital Management LLC raised its position in shares of International Speedway Corp. by 17.1% in the second quarter. AQR Capital Management LLC now owns 10,845 shares of the company’s stock worth $363,000 after buying an additional 1,582 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of International Speedway Corp. by 1.0% in the second quarter. Guggenheim Capital LLC now owns 59,046 shares of the company’s stock worth $1,975,000 after buying an additional 610 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of International Speedway Corp. during the second quarter worth $444,000. Finally, Menta Capital LLC purchased a new position in shares of International Speedway Corp. during the second quarter worth $1,211,000. Institutional investors own 51.69% of the company’s stock.
International Speedway Corp. Company Profile
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.
Receive News & Ratings for International Speedway Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway Corp. and related companies with MarketBeat.com's FREE daily email newsletter.