International Speedway Corporation (NASDAQ:ISCA) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Monday, July 24th.
Several other brokerages have also commented on ISCA. Zacks Investment Research raised shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Citigroup Inc. reaffirmed a “sell” rating and issued a $30.00 price objective (down previously from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $36.50.
International Speedway Corporation (NASDAQ:ISCA) opened at 34.00 on Monday. International Speedway Corporation has a 52 week low of $30.05 and a 52 week high of $40.31. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.27 and a beta of 1.17. The firm’s 50-day moving average price is $34.80 and its 200-day moving average price is $36.26.
International Speedway Corporation (NASDAQ:ISCA) last announced 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. The company had revenue of $165.30 million during the quarter, compared to the consensus estimate of $166.79 million. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. On average, equities analysts expect that International Speedway Corporation will post $1.54 earnings per share for the current year.
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In other International Speedway Corporation news, Director Hyatt J. Brown purchased 10,000 shares of the stock in a transaction dated Wednesday, July 12th. The shares were bought at an average price of $33.79 per share, with a total value of $337,900.00. Following the completion of the transaction, the director now directly owns 809 shares in the company, valued at approximately $27,336.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 43.06% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in International Speedway Corporation by 14,546.9% in the first quarter. BlackRock Inc. now owns 2,509,018 shares of the company’s stock valued at $92,708,000 after buying an additional 2,491,888 shares during the period. Vanguard Group Inc. boosted its position in shares of International Speedway Corporation by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,279,289 shares of the company’s stock valued at $84,221,000 after buying an additional 79,723 shares in the last quarter. Paradice Investment Management LLC boosted its position in shares of International Speedway Corporation by 4.6% in the second quarter. Paradice Investment Management LLC now owns 1,897,135 shares of the company’s stock valued at $71,237,000 after buying an additional 83,100 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of International Speedway Corporation by 35.8% in the second quarter. Macquarie Group Ltd. now owns 1,371,519 shares of the company’s stock valued at $51,501,000 after buying an additional 361,759 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of International Speedway Corporation by 19.3% in the second quarter. Northern Trust Corp now owns 1,067,642 shares of the company’s stock valued at $40,090,000 after buying an additional 172,939 shares in the last quarter. 50.54% of the stock is currently owned by institutional investors.
About International Speedway Corporation
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