Zacks: International Speedway Corp (ISCA) Given $40.00 Average Target Price by Analysts

International Speedway Corp (NASDAQ:ISCA) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus price target of $40.00 for the company and are expecting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 149 out of 257 based on the ratings given to related companies.

A number of research firms have recently commented on ISCA. BidaskClub raised shares of International Speedway from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research raised shares of International Speedway from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Pivotal Research downgraded shares of International Speedway from a “hold” rating to a “sell” rating and set a $26.00 price objective for the company. in a research note on Tuesday, September 18th.

NASDAQ:ISCA opened at $42.44 on Wednesday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 19.87 and a beta of 1.22. 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 has a 12-month low of $35.12 and a 12-month high of $49.95.

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 Zacks’ 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 company had revenue of $159.30 million for the quarter, compared to analyst estimates of $152.93 million. During the same period in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts forecast that International Speedway will post 1.94 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP increased its stake in shares of International Speedway by 723.1% during the 3rd quarter. Marshall Wace LLP now owns 87,978 shares of the company’s stock valued at $3,853,000 after acquiring an additional 77,290 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of International Speedway by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,303,698 shares of the company’s stock valued at $100,902,000 after acquiring an additional 41,225 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of International Speedway by 4.2% during the 3rd quarter. Teachers Advisors LLC now owns 50,626 shares of the company’s stock valued at $2,217,000 after acquiring an additional 2,047 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of International Speedway by 4.8% during the 3rd quarter. AQR Capital Management LLC now owns 42,129 shares of the company’s stock valued at $1,845,000 after acquiring an additional 1,937 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its stake in shares of International Speedway by 24.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 31,948 shares of the company’s stock valued at $1,399,000 after acquiring an additional 6,176 shares during the last quarter. 50.39% of the stock is owned by institutional investors.

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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