Analysts Anticipate International Speedway Corp (ISCA) to Post $0.70 EPS

International Speedway Corp (NASDAQ:ISCA) has received an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price target of $40.00 for the company and are expecting 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 196 out of 257 based on the ratings given to related companies.

A number of research firms have commented on ISCA. BidaskClub lowered International Speedway from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Pivotal Research lowered International Speedway from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a research note on Tuesday, September 18th. ValuEngine lowered International Speedway from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised International Speedway from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Citigroup raised International Speedway from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 9th.

Institutional investors and hedge funds have recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new position in shares of International Speedway during the second quarter valued at $125,000. Toronto Dominion Bank lifted its stake in shares of International Speedway by 94.8% during the second quarter. Toronto Dominion Bank now owns 2,930 shares of the company’s stock valued at $131,000 after acquiring an additional 1,426 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of International Speedway during the second quarter valued at $203,000. WINTON GROUP Ltd acquired a new position in shares of International Speedway during the third quarter valued at $205,000. Finally, Sei Investments Co. lifted its stake in shares of International Speedway by 54.2% during the second quarter. Sei Investments Co. now owns 5,213 shares of the company’s stock valued at $233,000 after acquiring an additional 1,832 shares during the period. 50.83% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ISCA traded up $0.42 during trading hours on Monday, reaching $39.65. The company had a trading volume of 3,991 shares, compared to its average volume of 198,918. International Speedway has a one year low of $35.12 and a one year high of $49.95. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 19.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.71 and a quick ratio of 2.71.

International Speedway (NASDAQ:ISCA) last posted its quarterly earnings data on Thursday, October 4th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company 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%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Research analysts expect that International Speedway will post 1.94 EPS for the current fiscal year.

International Speedway Company Profile

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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