International Speedway Corp (NASDAQ:ISCA) has 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 equities research analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price target of $41.00 for the company and are anticipating that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 63 out of 255 based on the ratings given to related companies.

Several research firms recently weighed in on ISCA. ValuEngine cut shares of International Speedway from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Zacks Investment Research cut shares of International Speedway from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 30th. Finally, BidaskClub cut shares of International Speedway from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd.

A number of large investors have recently added to or reduced their stakes in ISCA. Norges Bank bought a new stake in International Speedway in the fourth quarter valued at $24,474,000. Elliott Management Corp bought a new stake in International Speedway in the fourth quarter valued at $11,728,000. WINTON GROUP Ltd boosted its holdings in shares of International Speedway by 3,131.6% during the 4th quarter. WINTON GROUP Ltd now owns 151,141 shares of the company’s stock valued at $6,629,000 after buying an additional 146,464 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of International Speedway by 159.7% during the 4th quarter. Gabelli Funds LLC now owns 168,836 shares of the company’s stock valued at $7,405,000 after buying an additional 103,836 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of International Speedway by 3.3% during the 4th quarter. BlackRock Inc. now owns 2,826,035 shares of the company’s stock valued at $123,950,000 after buying an additional 90,000 shares in the last quarter. Institutional investors and hedge funds own 50.62% of the company’s stock.

Shares of International Speedway stock opened at $43.16 on Monday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.15. International Speedway has a 52-week low of $35.12 and a 52-week high of $49.95. The company has a market capitalization of $1.87 billion, a PE ratio of 23.33, a PEG ratio of 7.23 and a beta of 0.87.

International Speedway (NASDAQ:ISCA) last issued its earnings results on Thursday, April 4th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $150.55 million during the quarter, compared to the consensus estimate of $150.95 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts predict that International Speedway will post 1.99 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.13%. This is a boost from International Speedway’s previous annual dividend of $0.47. International Speedway’s payout ratio is 25.41%.

International Speedway Company Profile

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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