International Speedway Corporation (NASDAQ:ISCA) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday, July 24th.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of International Speedway Corporation from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, July 7th. Citigroup Inc. reaffirmed a “sell” rating and issued a $30.00 price target (down previously from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $36.50.
International Speedway Corporation (NASDAQ:ISCA) opened at 34.85 on Monday. International Speedway Corporation has a one year low of $30.05 and a one year high of $40.31. The company has a market cap of $1.56 billion, a PE ratio of 22.82 and a beta of 1.17. The firm’s 50-day moving average price is $35.15 and its 200-day moving average price is $36.35.
International Speedway Corporation (NASDAQ:ISCA) last released its quarterly earnings data on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by $0.02. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The company had revenue of $165.30 million for the quarter, compared to the consensus estimate of $166.79 million. During the same period last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that International Speedway Corporation will post $1.54 earnings per share for the current fiscal year.
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In other news, Director Hyatt J. Brown acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was acquired at an average price of $33.79 per share, with a total value of $337,900.00. Following the completion of the purchase, the director now directly owns 809 shares in the company, valued at $27,336.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 43.06% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Comerica Bank raised its position in shares of International Speedway Corporation by 6.2% in the fourth quarter. Comerica Bank now owns 19,157 shares of the company’s stock worth $720,000 after buying an additional 1,115 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of International Speedway Corporation during the fourth quarter valued at about $691,000. Norges Bank acquired a new position in shares of International Speedway Corporation during the fourth quarter valued at about $8,476,000. Teachers Advisors LLC raised its position in shares of International Speedway Corporation by 13.2% in the fourth quarter. Teachers Advisors LLC now owns 50,141 shares of the company’s stock valued at $1,845,000 after buying an additional 5,856 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of International Speedway Corporation by 6.4% in the fourth quarter. Macquarie Group Ltd. now owns 980,067 shares of the company’s stock valued at $36,066,000 after buying an additional 58,662 shares during the last quarter. 51.20% of the stock is currently owned by institutional investors and hedge funds.
International Speedway Corporation Company Profile
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