Brokerages Expect International Speedway Corp (ISCA) to Post $0.75 EPS

International Speedway Corp (NASDAQ:ISCA) has received a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, two have issued a hold recommendation and one has assigned a strong buy recommendation to the company. International Speedway’s rating score has declined by 28.8% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus price objective of $35.33 for the company and are anticipating that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also given International Speedway an industry rank of 170 out of 265 based on the ratings given to related companies.

A number of analysts have commented on ISCA shares. Zacks Investment Research lowered International Speedway from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Citigroup reissued a “sell” rating and set a $31.00 price objective (up from $30.00) on shares of International Speedway in a report on Monday, October 9th.

Shares of International Speedway (NASDAQ:ISCA) traded up $0.25 during trading on Wednesday, reaching $39.70. The company had a trading volume of 146,200 shares, compared to its average volume of 135,961. International Speedway has a twelve month low of $32.25 and a twelve month high of $40.90. The company has a market cap of $1,754.26, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 6.26 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.41 and a quick ratio of 2.41.

International Speedway (NASDAQ:ISCA) last issued its quarterly earnings data on Thursday, October 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $131.90 million during the quarter, compared to analyst estimates of $128.82 million. International Speedway had a return on equity of 0.08% and a net margin of 0.20%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. sell-side analysts predict that International Speedway will post 1.59 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ISCA. FMR LLC bought a new stake in International Speedway during the 1st quarter worth approximately $3,592,000. Legal & General Group Plc grew its holdings in shares of International Speedway by 21.6% in the first quarter. Legal & General Group Plc now owns 16,735 shares of the company’s stock valued at $619,000 after acquiring an additional 2,974 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of International Speedway 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 acquiring an additional 79,723 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of International Speedway by 4.2% in the first quarter. Geode Capital Management LLC now owns 210,204 shares of the company’s stock valued at $7,767,000 after acquiring an additional 8,467 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of International Speedway 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 acquiring an additional 2,491,888 shares in the last quarter. 50.30% of the stock is owned by hedge funds and other institutional investors.

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