Zacks: International Speedway Corp Class A (ISCA) Given $41.50 Consensus Target Price by Brokerages

International Speedway Corp Class A (NASDAQ:ISCA) has received an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 12 month consensus price target of $41.50 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned International Speedway Corp Class A an industry rank of 180 out of 255 based on the ratings given to related companies.

ISCA has been the topic of a number of recent analyst reports. BidaskClub lowered International Speedway Corp Class A from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Zacks Investment Research raised International Speedway Corp Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Finally, ValuEngine lowered International Speedway Corp Class A from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th.

In other International Speedway Corp Class A news, Director Larry D. Woodard sold 685 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $44.20, for a total value of $30,277.00. Following the transaction, the director now directly owns 4,368 shares of the company’s stock, valued at $193,065.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 42.41% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in International Speedway Corp Class A by 94.8% in the second quarter. Toronto Dominion Bank now owns 2,930 shares of the company’s stock valued at $131,000 after buying an additional 1,426 shares during the period. Xact Kapitalforvaltning AB acquired a new position in International Speedway Corp Class A in the second quarter valued at approximately $203,000. Northwestern Mutual Investment Management Company LLC lifted its stake in International Speedway Corp Class A by 56.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,013 shares of the company’s stock valued at $221,000 after buying an additional 1,810 shares during the period. Sei Investments Co. lifted its stake in International Speedway Corp Class A by 54.2% in the second quarter. Sei Investments Co. now owns 5,213 shares of the company’s stock valued at $233,000 after buying an additional 1,832 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in International Speedway Corp Class A in the second quarter valued at approximately $295,000. 50.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ISCA stock traded up $0.05 during mid-day trading on Tuesday, reaching $44.05. 51,581 shares of the stock traded hands, compared to its average volume of 173,940. International Speedway Corp Class A has a 1-year low of $33.90 and a 1-year high of $49.95. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.58 and a beta of 1.13. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.16.

International Speedway Corp Class A (NASDAQ:ISCA) last posted its quarterly earnings data on Thursday, July 5th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $171.70 million for the quarter, compared to analyst estimates of $169.05 million. International Speedway Corp Class A had a return on equity of 5.24% and a net margin of 38.65%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. sell-side analysts predict that International Speedway Corp Class A will post 2 earnings per share for the current fiscal year.

About International Speedway Corp Class A

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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