International Speedway Corporation (ISCA) Stock Rating Upgraded by Zacks Investment Research
International Speedway Corporation (NASDAQ:ISCA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “International Speedway Corporation’s operations consist principally of racing events at its motorsports facilities, which generate revenue primarily through sales of admissions to racing events, television broadcast rights fees, sponsorship fees, hospitality rentals, royalties from licenses of trademarks and provides catering, souvenir and food concession services at certain facilities. “
A number of other equities research analysts have also recently commented on ISCA. BidaskClub raised shares of International Speedway Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. Citigroup Inc. reaffirmed a “sell” rating and issued a $30.00 target price (down from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. International Speedway Corporation has an average rating of “Hold” and a consensus price target of $36.50.
International Speedway Corporation (NASDAQ ISCA) opened at 35.55 on Friday. The firm’s 50 day moving average price is $35.07 and its 200-day moving average price is $35.89. International Speedway Corporation has a 1-year low of $30.05 and a 1-year high of $40.31. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 23.28 and a beta of 1.17.
International Speedway Corporation (NASDAQ:ISCA) last announced its earnings results on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $165.30 million during the quarter, compared to analysts’ expectations of $166.79 million. During the same period in the previous year, the company posted $0.29 earnings per share. International Speedway Corporation’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts anticipate that International Speedway Corporation will post $1.54 earnings per share for the current year.
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In other news, Director Hyatt J. Brown purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was purchased at an average cost of $33.79 per share, with a total value of $337,900.00. Following the completion of the acquisition, the director now directly owns 809 shares of the company’s stock, valued at approximately $27,336.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 43.06% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in International Speedway Corporation by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 417,858 shares of the company’s stock worth $15,441,000 after purchasing an additional 40,014 shares in the last quarter. Vivaldi Capital Management LLC purchased a new position in International Speedway Corporation during the first quarter worth about $10,261,976,000. TIAA CREF Investment Management LLC raised its holdings in International Speedway Corporation by 6.8% during the first quarter. TIAA CREF Investment Management LLC now owns 143,989 shares of the company’s stock worth $5,320,000 after purchasing an additional 9,192 shares in the last quarter. Wellington Management Group LLP raised its holdings in International Speedway Corporation by 71.0% during the first quarter. Wellington Management Group LLP now owns 43,558 shares of the company’s stock worth $1,609,000 after purchasing an additional 18,088 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in International Speedway Corporation during the first quarter worth about $179,000. 50.71% of the stock is owned by hedge funds and other institutional investors.
International Speedway Corporation Company Profile
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