International Speedway Corp (NASDAQ:ISCA) Given Average Rating of “Hold” by Analysts

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Shares of International Speedway Corp (NASDAQ:ISCA) have earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $33.50.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Co reaffirmed a “sell” rating on shares of Bausch Health Companies in a research note on Monday, July 15th. ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday.

In other news, VP Derek Muldowney sold 2,594 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $45.12, for a total transaction of $117,041.28. Following the completion of the transaction, the vice president now owns 9,778 shares of the company’s stock, valued at $441,183.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.70% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of International Speedway by 3.3% during the fourth quarter. BlackRock Inc. now owns 2,826,035 shares of the company’s stock valued at $123,950,000 after acquiring an additional 90,000 shares during the last quarter. Norges Bank acquired a new stake in shares of International Speedway during the fourth quarter worth $24,474,000. JPMorgan Chase & Co. increased its position in shares of International Speedway by 10.7% during the first quarter. JPMorgan Chase & Co. now owns 300,791 shares of the company’s stock worth $13,123,000 after buying an additional 29,051 shares during the period. Geode Capital Management LLC increased its position in shares of International Speedway by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 281,426 shares of the company’s stock worth $12,343,000 after buying an additional 24,106 shares during the period. Finally, Elliott Management Corp acquired a new stake in shares of International Speedway during the fourth quarter worth $11,728,000. 49.43% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ISCA traded up $0.06 on Monday, hitting $45.31. The company had a trading volume of 67,698 shares, compared to its average volume of 148,820. The stock has a market cap of $1.97 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 7.98 and a beta of 0.72. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average price is $44.96. International Speedway has a 52 week low of $35.12 and a 52 week high of $45.62.

International Speedway (NASDAQ:ISCA) last issued its quarterly earnings data on Wednesday, July 3rd. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The company had revenue of $168.10 million during the quarter, compared to the consensus estimate of $178.99 million. International Speedway had a net margin of 11.27% and a return on equity of 4.82%. International Speedway’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. As a group, equities analysts expect that International Speedway will post 1.89 earnings per share 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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