Zacks: International Speedway Corp (ISCA) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of International Speedway Corp (NASDAQ:ISCA) have been given a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has issued a hold rating and one has given a strong buy rating to the company.
Brokerages have set a 1-year consensus target price of $41.50 for the company, according to Zacks. Zacks has also given International Speedway an industry rank of 80 out of 265 based on the ratings given to its competitors.
A number of research firms recently commented on ISCA. Zacks Investment Research lowered shares of International Speedway from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub upgraded shares of International Speedway from a “strong sell” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Citigroup raised their price objective on shares of International Speedway from $31.00 to $40.00 and gave the company a “sell” rating in a research note on Tuesday, February 6th.
Shares of International Speedway (NASDAQ:ISCA) traded down $0.25 during trading hours on Thursday, hitting $44.65. 127,740 shares of the company’s stock traded hands, compared to its average volume of 138,394. International Speedway has a 12 month low of $32.25 and a 12 month high of $47.45. The firm has a market capitalization of $1,973.04, a price-to-earnings ratio of 17.93, a P/E/G ratio of 2.90 and a beta of 1.27. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.18.
International Speedway (NASDAQ:ISCA) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. International Speedway had a net margin of 16.50% and a return on equity of 5.09%. The business had revenue of $226.26 million for the quarter, compared to analyst estimates of $222.36 million. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. sell-side analysts anticipate that International Speedway will post 2.06 EPS for the current fiscal year.
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International Speedway Company Profile
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.
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