Zacks: International Speedway Corporation (ISCA) Given Consensus Recommendation of “Buy” by Analysts

International Speedway Corporation (NASDAQ:ISCA) has been given a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 1 year consensus target price of $39.00 for the company and are predicting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Speedway Corporation an industry rank of 165 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on ISCA shares. Zacks Investment Research upgraded International Speedway Corporation from a “sell” rating to a “hold” rating in a research note on Monday, April 24th. BidaskClub raised International Speedway Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. Finally, Citigroup Inc. reaffirmed a “sell” rating and set a $30.00 target price (down from $31.00) on shares of International Speedway Corporation in a report on Monday, July 10th.

International Speedway Corporation (NASDAQ:ISCA) traded down 0.43% during mid-day trading on Friday, hitting $34.60. 206,600 shares of the stock traded hands. International Speedway Corporation has a 1-year low of $30.05 and a 1-year high of $40.31. The company has a 50-day moving average of $35.30 and a 200 day moving average of $36.50. The firm has a market capitalization of $1.55 billion, a P/E ratio of 22.66 and a beta of 1.18.

International Speedway Corporation (NASDAQ:ISCA) last announced its quarterly earnings data on Monday, July 3rd. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The business had revenue of $165.30 million during the quarter, compared to the consensus estimate of $166.79 million. International Speedway Corporation had a net margin of 10.41% and a return on equity of 4.94%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. On average, equities research analysts anticipate that International Speedway Corporation will post $1.54 EPS for the current year.

In other International Speedway Corporation news, Director Hyatt J. Brown bought 10,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was bought at an average price of $33.79 per share, with a total value of $337,900.00. Following the completion of the purchase, the director now directly owns 809 shares in the company, valued at $27,336.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 43.06% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in International Speedway Corporation by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,626 shares of the company’s stock valued at $356,000 after buying an additional 100 shares during the period. Strs Ohio purchased a new stake in shares of International Speedway Corporation during the first quarter worth $853,000. Shell Asset Management Co. purchased a new stake in shares of International Speedway Corporation during the first quarter worth $561,000. River Road Asset Management LLC boosted its stake in shares of International Speedway Corporation by 6.4% in the first quarter. River Road Asset Management LLC now owns 895,998 shares of the company’s stock worth $33,107,000 after buying an additional 53,543 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of International Speedway Corporation by 181.5% in the first quarter. Acadian Asset Management LLC now owns 8,135 shares of the company’s stock worth $300,000 after buying an additional 5,245 shares during the last quarter. 50.95% of the stock is owned by institutional investors.

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