International Speedway (ISCA) Upgraded at BidaskClub

BidaskClub upgraded shares of International Speedway (NASDAQ:ISCA) from a strong sell rating to a sell rating in a report published on Friday, BidAskClub reports.

ISCA has been the topic of a number of other reports. ValuEngine lowered International Speedway from a buy rating to a hold rating in a research report on Tuesday, February 5th. Zacks Investment Research downgraded International Speedway from a hold rating to a strong sell rating in a report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $26.00.

NASDAQ ISCA opened at $43.16 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 7.23 and a beta of 0.87. International Speedway has a one year low of $35.12 and a one year high of $49.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.02 and a current ratio of 3.02.

International Speedway (NASDAQ:ISCA) last released its quarterly earnings results on Thursday, April 4th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). The business had revenue of $150.55 million for the quarter, compared to the consensus estimate of $150.95 million. International Speedway had a return on equity of 4.88% and a net margin of 11.45%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Analysts forecast that International Speedway will post 1.99 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This is an increase from International Speedway’s previous annual dividend of $0.47. The ex-dividend date is Thursday, May 30th. This represents a yield of 1.13%. International Speedway’s dividend payout ratio is currently 25.41%.

Large investors have recently bought and sold shares of the business. Dupont Capital Management Corp acquired a new position in International Speedway during the 4th quarter worth $30,000. Quantamental Technologies LLC acquired a new position in International Speedway during the 4th quarter worth $63,000. PNC Financial Services Group Inc. lifted its holdings in International Speedway by 18.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock worth $84,000 after buying an additional 300 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in International Speedway during the 4th quarter worth $251,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in International Speedway during the 1st quarter worth $254,000. 50.62% of the stock is currently owned by hedge funds and other institutional investors.

International Speedway Company Profile

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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