Somewhat Positive Media Coverage Somewhat Unlikely to Impact International Speedway Corporation (NASDAQ:ISCA) Stock Price
News coverage about International Speedway Corporation (NASDAQ:ISCA) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Speedway Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2595619594822 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
ISCA has been the subject of a number of analyst reports. Zacks Investment Research upgraded International Speedway Corporation from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, July 7th. BidaskClub upgraded International Speedway Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Citigroup Inc. restated a “sell” rating and issued a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.50.
Shares of International Speedway Corporation (NASDAQ:ISCA) remained flat at $34.85 during trading on Friday. The company had a trading volume of 137,174 shares. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 22.82 and a beta of 1.17. The company’s 50-day moving average is $35.15 and its 200 day moving average is $36.35. International Speedway Corporation has a 12-month low of $30.05 and a 12-month high of $40.31.
International Speedway Corporation (NASDAQ:ISCA) last posted its quarterly earnings results on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.02. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The firm had revenue of $165.30 million for the quarter, compared to analysts’ expectations of $166.79 million. During the same quarter in the previous year, the company earned $0.29 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts expect that International Speedway Corporation will post $1.54 EPS for the current fiscal year.
In other news, Director Hyatt J. Brown purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were purchased at an average price of $33.79 per share, for a total transaction of $337,900.00. Following the completion of the acquisition, the director now directly owns 809 shares in the company, valued at approximately $27,336.11. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 43.06% of the company’s stock.
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International Speedway Corporation Company Profile
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