Equities Analysts Set Expectations for International Speedway Corporation’s FY2017 Earnings (ISCA)

International Speedway Corporation (NASDAQ:ISCA) – Equities researchers at Gabelli upped their FY2017 earnings estimates for International Speedway Corporation in a report issued on Friday. Gabelli analyst B. Lucas now forecasts that the company will post earnings per share of $1.58 for the year, up from their prior forecast of $1.55. Gabelli also issued estimates for International Speedway Corporation’s FY2018 earnings at $1.66 EPS, FY2019 earnings at $1.79 EPS, FY2020 earnings at $1.94 EPS and FY2021 earnings at $2.06 EPS.

International Speedway Corporation (NASDAQ:ISCA) last posted its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. International Speedway Corporation had a net margin of 10.07% and a return on equity of 4.86%. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year.

WARNING: This piece of content was originally published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/10/09/equities-analysts-set-expectations-for-international-speedway-corporations-fy2017-earnings-isca.html.

ISCA has been the topic of a number of other reports. Zacks Investment Research cut shares of International Speedway Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Citigroup Inc. reiterated a “sell” rating and set a $30.00 price target (down from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. Finally, BidaskClub upgraded shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.50.

Shares of International Speedway Corporation (NASDAQ ISCA) opened at 40.15 on Monday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 26.29 and a beta of 1.15. International Speedway Corporation has a 52-week low of $30.05 and a 52-week high of $40.31. The company’s 50-day moving average is $35.47 and its 200 day moving average is $35.90.

A number of hedge funds and other institutional investors have recently modified their holdings of ISCA. Quantbot Technologies LP grew its position in International Speedway Corporation by 165.1% during the first quarter. Quantbot Technologies LP now owns 3,446 shares of the company’s stock valued at $127,000 after acquiring an additional 2,146 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of International Speedway Corporation by 5.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock valued at $153,000 after purchasing an additional 217 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of International Speedway Corporation during the first quarter valued at approximately $179,000. Oxford Asset Management purchased a new stake in shares of International Speedway Corporation during the first quarter valued at approximately $220,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of International Speedway Corporation during the second quarter valued at approximately $243,000. Institutional investors and hedge funds own 50.71% of the company’s stock.

In other International Speedway Corporation news, Director Hyatt J. Brown purchased 10,000 shares of International Speedway Corporation stock in a transaction on Wednesday, July 12th. The shares were acquired at an average cost of $33.79 per share, for a total transaction of $337,900.00. Following the completion of the transaction, the director now directly owns 809 shares of the company’s stock, valued at $27,336.11. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired 10,473 shares of company stock worth $354,686 over the last quarter. Company insiders own 43.06% of the company’s stock.

International Speedway Corporation Company Profile

Earnings History and Estimates for International Speedway Corporation (NASDAQ:ISCA)

Receive News & Ratings for International Speedway Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply