International Speedway (ISCA) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of International Speedway (NASDAQ:ISCA) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other equities analysts have also issued reports on ISCA. BidaskClub upgraded shares of International Speedway from a buy rating to a strong-buy rating in a report on Saturday, July 7th. Zacks Investment Research lowered shares of International Speedway from a hold rating to a sell rating in a report on Tuesday, July 10th. Pivotal Research lowered shares of International Speedway from a hold rating to a sell rating and set a $26.00 target price for the company. in a report on Tuesday, September 18th. Finally, Citigroup upgraded shares of International Speedway from a sell rating to a neutral rating in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $38.67.

Shares of ISCA stock traded up $0.10 during trading hours on Friday, hitting $36.96. 177,095 shares of the company’s stock traded hands, compared to its average volume of 252,967. International Speedway has a 12-month low of $35.12 and a 12-month high of $49.95. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 4.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 2.71.



International Speedway (NASDAQ:ISCA) last released its earnings results on Thursday, October 4th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. International Speedway had a net margin of 38.82% and a return on equity of 5.59%. The firm had revenue of $159.30 million during the quarter, compared to analyst estimates of $152.93 million. During the same period last year, the business earned $0.05 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. As a group, sell-side analysts forecast that International Speedway will post 2.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA raised its holdings in International Speedway by 9.7% in the 2nd quarter. Federated Investors Inc. PA now owns 12,970 shares of the company’s stock worth $580,000 after acquiring an additional 1,149 shares during the last quarter. Toronto Dominion Bank raised its holdings in International Speedway by 94.8% in the 2nd quarter. Toronto Dominion Bank now owns 2,930 shares of the company’s stock worth $131,000 after acquiring an additional 1,426 shares during the last quarter. Aperio Group LLC raised its holdings in International Speedway by 9.4% in the 2nd quarter. Aperio Group LLC now owns 17,609 shares of the company’s stock worth $787,000 after acquiring an additional 1,513 shares during the last quarter. KBC Group NV raised its holdings in International Speedway by 5.6% in the 2nd quarter. KBC Group NV now owns 30,091 shares of the company’s stock worth $1,345,000 after acquiring an additional 1,602 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in International Speedway by 54.2% in the 2nd quarter. Sei Investments Co. now owns 5,213 shares of the company’s stock worth $233,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors own 50.02% of the company’s stock.

About International Speedway

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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