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.
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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
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