BidaskClub Downgrades International Speedway (ISCA) to Sell

International Speedway (NASDAQ:ISCA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other research firms have also commented on ISCA. Zacks Investment Research lowered International Speedway from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Citigroup restated a “sell” rating and set a $31.00 price target (up from $30.00) on shares of International Speedway in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. International Speedway currently has a consensus rating of “Hold” and an average price target of $38.50.

Shares of International Speedway (NASDAQ:ISCA) opened at $40.50 on Tuesday. International Speedway has a 12 month low of $32.25 and a 12 month high of $41.60. The firm has a market capitalization of $1,787.41, a P/E ratio of 26.10, a PEG ratio of 5.98 and a beta of 1.13. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.19.

International Speedway (NASDAQ:ISCA) last released its quarterly earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $128.82 million. International Speedway had a return on equity of 5.05% and a net margin of 10.07%. International Speedway’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 EPS. sell-side analysts predict that International Speedway will post 1.59 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC boosted its position in International Speedway by 5.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock valued at $153,000 after buying an additional 217 shares during the last quarter. Victory Capital Management Inc. boosted its position in International Speedway by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,682 shares of the company’s stock valued at $213,000 after buying an additional 850 shares during the last quarter. Susquehanna International Group LLP bought a new position in International Speedway in the 2nd quarter valued at $243,000. Louisiana State Employees Retirement System boosted its position in International Speedway by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock valued at $248,000 after buying an additional 200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in International Speedway by 333.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,125 shares of the company’s stock valued at $381,000 after buying an additional 7,787 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

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International Speedway Company Profile

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