Zacks: International Speedway Corp (ISCA) Receives Consensus Rating of “Hold” from Analysts
International Speedway Corp (NASDAQ:ISCA) has been given an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, two have issued a hold rating and one has issued a strong buy rating on the company. International Speedway’s rating score has declined by 28.8% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price target of $35.33 for the company and are forecasting that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also given International Speedway an industry rank of 118 out of 265 based on the ratings given to related companies.
Several research firms recently commented on ISCA. Zacks Investment Research lowered shares of International Speedway from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. BidaskClub lowered shares of International Speedway from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Citigroup reissued a “sell” rating and set a $31.00 target price (up from $30.00) on shares of International Speedway in a research note on Monday, October 9th.
Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of International Speedway by 6.3% during the second quarter. Principal Financial Group Inc. now owns 111,246 shares of the company’s stock valued at $4,177,000 after acquiring an additional 6,574 shares during the period. WBI Investments Inc. acquired a new stake in shares of International Speedway during the second quarter valued at approximately $1,857,000. IndexIQ Advisors LLC raised its holdings in shares of International Speedway by 83.3% during the third quarter. IndexIQ Advisors LLC now owns 23,459 shares of the company’s stock valued at $845,000 after acquiring an additional 10,658 shares during the period. Lindsell Train Ltd raised its holdings in shares of International Speedway by 14.2% during the third quarter. Lindsell Train Ltd now owns 723,400 shares of the company’s stock valued at $26,042,000 after acquiring an additional 90,000 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of International Speedway during the second quarter valued at approximately $1,728,000. Institutional investors and hedge funds own 50.37% of the company’s stock.
Shares of International Speedway (NASDAQ ISCA) traded down $0.05 during trading hours on Friday, hitting $40.60. 49,500 shares of the stock were exchanged, compared to its average volume of 134,894. International Speedway has a 12 month low of $32.25 and a 12 month high of $41.60. The firm has a market cap of $1,789.61, a price-to-earnings ratio of 26.13, a P/E/G ratio of 5.99 and a beta of 1.13. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.19.
International Speedway (NASDAQ:ISCA) last released its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. International Speedway had a net margin of 10.07% and a return on equity of 5.05%. The business had revenue of $131.90 million during the quarter, compared to analyst estimates of $128.82 million. During the same period in the prior year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. equities analysts forecast that International Speedway will post 1.59 earnings per share for the current fiscal year.
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