International Speedway Corp (ISCA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of International Speedway Corp (NASDAQ:ISCA) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $40.00 for the company and are forecasting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 189 out of 257 based on the ratings given to related companies.
Several brokerages recently commented on ISCA. Zacks Investment Research lowered International Speedway from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. BidaskClub raised International Speedway from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. ValuEngine raised International Speedway from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Citigroup raised International Speedway from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 9th. Finally, Pivotal Research downgraded International Speedway from a “hold” rating to a “sell” rating and set a $26.00 price objective for the company. in a research report on Tuesday, September 18th.
ISCA stock traded down $0.44 during trading on Monday, hitting $39.06. The company had a trading volume of 144,402 shares, compared to its average volume of 183,745. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 20.22 and a beta of 1.21. International Speedway has a fifty-two week low of $35.12 and a fifty-two week high of $49.95.
International Speedway (NASDAQ:ISCA) last announced its quarterly earnings results on Thursday, October 4th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The business had revenue of $159.30 million for the quarter, compared to analyst estimates of $152.93 million. International Speedway had a return on equity of 5.59% and a net margin of 38.82%. International Speedway’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, research analysts anticipate that International Speedway will post 1.94 earnings per share for the current year.
About International Speedway
International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.
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