Shares of International Speedway Corp (NASDAQ:ISCA) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price objective of $41.00 for the company and are anticipating that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 149 out of 256 based on the ratings given to related companies.
ISCA has been the topic of a number of research analyst reports. BidaskClub raised International Speedway from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. ValuEngine raised International Speedway from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research raised International Speedway from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.
International Speedway (NASDAQ:ISCA) last posted 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). International Speedway had a return on equity of 4.88% and a net margin of 11.45%. The business had revenue of $150.55 million during the quarter, compared to analysts’ expectations of $150.95 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts forecast that International Speedway will post 1.99 earnings per share for the current 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 paid a $0.49 dividend. 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 payout ratio is presently 26.49%.
A number of large investors have recently added to or reduced their stakes in ISCA. BlueMountain Capital Management LLC lifted its holdings in shares of International Speedway by 240.5% in the 1st quarter. BlueMountain Capital Management LLC now owns 16,402 shares of the company’s stock worth $716,000 after buying an additional 11,585 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of International Speedway by 17.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,312 shares of the company’s stock worth $188,000 after purchasing an additional 635 shares during the last quarter. Man Group plc lifted its stake in shares of International Speedway by 35.2% during the 1st quarter. Man Group plc now owns 287,981 shares of the company’s stock worth $12,564,000 after purchasing an additional 74,990 shares during the last quarter. SEI Investments Co lifted its stake in shares of International Speedway by 13.1% during the 1st quarter. SEI Investments Co now owns 13,774 shares of the company’s stock worth $627,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of International Speedway by 116.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,121 shares of the company’s stock worth $3,277,000 after purchasing an additional 40,408 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.
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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