BidaskClub upgraded shares of International Speedway (NASDAQ:ISCA) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut International Speedway from a buy rating to a hold rating in a report on Tuesday, February 5th. Zacks Investment Research cut International Speedway from a hold rating to a strong sell rating in a report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of Hold and an average price target of $26.00.

ISCA stock opened at $43.16 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 7.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.02 and a quick ratio of 3.02. International Speedway has a 1 year low of $35.12 and a 1 year high of $49.95.

International Speedway (NASDAQ:ISCA) last released its earnings results on Thursday, April 4th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The firm had revenue of $150.55 million for the quarter, compared to the consensus estimate of $150.95 million. International Speedway had a return on equity of 4.88% and a net margin of 11.45%. International Speedway’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. As a group, sell-side analysts forecast that International Speedway will post 1.99 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from International Speedway’s previous annual dividend of $0.47. International Speedway’s dividend payout ratio is 25.41%.

Hedge funds have recently added to or reduced their stakes in the business. Dupont Capital Management Corp bought a new position in shares of International Speedway in the 4th quarter valued at about $30,000. Quantamental Technologies LLC bought a new position in shares of International Speedway in the 4th quarter valued at about $63,000. PNC Financial Services Group Inc. grew its holdings in shares of International Speedway by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock valued at $84,000 after acquiring an additional 300 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of International Speedway in the 4th quarter valued at about $251,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of International Speedway in the 1st quarter valued at about $254,000. Hedge funds and other institutional investors own 50.62% of the company’s stock.

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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