International Speedway Corp Class A (ISCA) Receives Consensus Rating of “Hold” from Analysts

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International Speedway Corp Class A (NASDAQ:ISCA) has been given an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities 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.

Analysts have set a 12 month consensus price target of $41.50 for the company and are forecasting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned International Speedway Corp Class A an industry rank of 180 out of 255 based on the ratings given to related companies.

Several analysts have weighed in on the company. BidaskClub raised International Speedway Corp Class A from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 7th. ValuEngine cut International Speedway Corp Class A from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research cut International Speedway Corp Class A from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th.

In other news, Director Larry D. Woodard sold 685 shares of the company’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $44.20, for a total value of $30,277.00. Following the completion of the sale, the director now directly owns 4,368 shares of the company’s stock, valued at approximately $193,065.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.41% of the company’s stock.

Several hedge funds have recently made changes to their positions in ISCA. Wells Fargo & Company MN increased its stake in shares of International Speedway Corp Class A by 18.6% in the 4th quarter. Wells Fargo & Company MN now owns 79,714 shares of the company’s stock valued at $3,177,000 after acquiring an additional 12,518 shares during the last quarter. Geode Capital Management LLC grew its position in shares of International Speedway Corp Class A by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 232,996 shares of the company’s stock valued at $9,284,000 after purchasing an additional 6,712 shares during the period. Deutsche Bank AG grew its position in shares of International Speedway Corp Class A by 66.1% in the 4th quarter. Deutsche Bank AG now owns 150,037 shares of the company’s stock valued at $5,976,000 after purchasing an additional 59,709 shares during the period. Millennium Management LLC grew its position in shares of International Speedway Corp Class A by 671.9% in the 4th quarter. Millennium Management LLC now owns 103,236 shares of the company’s stock valued at $4,114,000 after purchasing an additional 89,862 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new position in shares of International Speedway Corp Class A in the 4th quarter valued at approximately $1,032,000. 50.24% of the stock is owned by institutional investors.

NASDAQ:ISCA traded up $0.05 on Tuesday, hitting $44.05. 51,581 shares of the stock were exchanged, compared to its average volume of 173,940. The stock has a market capitalization of $1.94 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.58 and a beta of 1.13. International Speedway Corp Class A has a 52 week low of $33.90 and a 52 week high of $49.95. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.16.

International Speedway Corp Class A (NASDAQ:ISCA) last announced its quarterly earnings data on Thursday, July 5th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $171.70 million during the quarter, compared to analysts’ expectations of $169.05 million. International Speedway Corp Class A had a return on equity of 5.24% and a net margin of 38.65%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. equities analysts predict that International Speedway Corp Class A will post 2 EPS for the current year.

International Speedway Corp Class A 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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