Zacks: Brokerages Set $41.00 Target Price for International Speedway Corp (NASDAQ:ISCA)

International Speedway Corp (NASDAQ:ISCA) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a one year consensus price objective of $41.00 for the company and are forecasting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 204 out of 256 based on the ratings given to its competitors.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Finally, Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.



Several hedge funds and other institutional investors have recently modified their holdings of ISCA. BlackRock Inc. grew its holdings in shares of International Speedway by 3.3% in the fourth quarter. BlackRock Inc. now owns 2,826,035 shares of the company’s stock valued at $123,950,000 after purchasing an additional 90,000 shares during the period. Norges Bank purchased a new stake in shares of International Speedway in the fourth quarter valued at about $24,474,000. JPMorgan Chase & Co. grew its holdings in shares of International Speedway by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 300,791 shares of the company’s stock valued at $13,123,000 after purchasing an additional 29,051 shares during the period. Geode Capital Management LLC grew its holdings in shares of International Speedway by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 281,426 shares of the company’s stock valued at $12,343,000 after purchasing an additional 24,106 shares during the period. Finally, Elliott Management Corp purchased a new stake in shares of International Speedway in the fourth quarter valued at about $11,728,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

NASDAQ:ISCA traded up $0.35 during trading hours on Friday, reaching $45.35. 161,927 shares of the company were exchanged, compared to its average volume of 122,263. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.02 and a current ratio of 2.77. The stock has a 50-day moving average of $44.97. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 7.54 and a beta of 0.72. International Speedway has a twelve month low of $35.12 and a twelve month high of $45.62.

International Speedway (NASDAQ:ISCA) last posted its quarterly earnings data on Wednesday, July 3rd. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The company had revenue of $168.10 million for the quarter, compared to analyst estimates of $178.99 million. International Speedway had a return on equity of 4.82% and a net margin of 11.27%. The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, research analysts anticipate that International Speedway will post 1.99 EPS for the current fiscal year.

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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