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.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in International Speedway by 3.3% in the 3rd quarter. BlackRock Inc. now owns 2,736,035 shares of the company’s stock valued at $119,839,000 after purchasing an additional 88,513 shares during the last quarter. Martingale Asset Management L P bought a new position in International Speedway in the 3rd quarter valued at $333,000. Bank of New York Mellon Corp raised its position in International Speedway by 7.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 370,878 shares of the company’s stock valued at $16,245,000 after purchasing an additional 24,472 shares during the last quarter. Toronto Dominion Bank raised its position in International Speedway by 58.4% in the 3rd quarter. Toronto Dominion Bank now owns 4,640 shares of the company’s stock valued at $203,000 after purchasing an additional 1,710 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in International Speedway by 41.3% in the 3rd quarter. SG Americas Securities LLC now owns 18,080 shares of the company’s stock valued at $792,000 after purchasing an additional 5,282 shares during the last quarter. Hedge funds and other institutional investors own 50.83% of the company’s stock.

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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