Today, Equities Analysts Set Expectations for International Speedway Corp.’s FY2018 Earnings (ISCA)

Today, Equities Analysts Set Expectations for International Speedway Corp.’s FY2018 Earnings (ISCA)

International Speedway Corp. (NASDAQ:ISCA) – Equities research analysts at Gabelli lowered their FY2018 earnings per share estimates for International Speedway Corp. in a research note issued to investors on Friday. Gabelli analyst B. Lucas now forecasts that the firm will post earnings of $1.79 per share for the year, down from their previous estimate of $1.80. Gabelli also issued estimates for International Speedway Corp.’s FY2019 earnings at $1.89 EPS.

International Speedway Corp. (NASDAQ:ISCA) last issued its quarterly earnings results on Thursday, October 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. International Speedway Corp. had a net margin of 11.57% and a return on equity of 5.00%. The firm earned $129 million during the quarter. During the same period last year, the company earned ($0.01) earnings per share. International Speedway Corp.’s revenue for the quarter was up 2.8% on a year-over-year basis.

A number of other analysts have also commented on ISCA. Zacks Investment Research lowered shares of International Speedway Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Citigroup Inc. cut their price objective on shares of International Speedway Corp. from $32.00 to $29.00 and set a “sell” rating on the stock in a research report on Monday, August 29th.

Shares of International Speedway Corp. (NASDAQ:ISCA) opened at 30.95 on Monday. International Speedway Corp. has a one year low of $29.71 and a one year high of $37.87. The firm has a 50-day moving average of $32.99 and a 200-day moving average of $33.69. The company has a market capitalization of $1.41 billion, a P/E ratio of 18.85 and a beta of 1.07.

Institutional investors have recently modified their holdings of the company. Brandes Investment Partners LP increased its position in shares of International Speedway Corp. by 0.6% in the second quarter. Brandes Investment Partners LP now owns 28,475 shares of the company’s stock worth $953,000 after buying an additional 175 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of International Speedway Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 9,526 shares of the company’s stock worth $318,000 after buying an additional 183 shares during the last quarter. Comerica Bank increased its position in shares of International Speedway Corp. by 1.7% in the second quarter. Comerica Bank now owns 18,161 shares of the company’s stock worth $604,000 after buying an additional 299 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of International Speedway Corp. by 0.9% in the second quarter. Teachers Advisors Inc. now owns 42,345 shares of the company’s stock worth $1,416,000 after buying an additional 389 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of International Speedway Corp. by 2.1% in the second quarter. Mutual of America Capital Management LLC now owns 19,514 shares of the company’s stock worth $653,000 after buying an additional 398 shares during the last quarter. Institutional investors and hedge funds own 51.68% of the company’s stock.

International Speedway Corp. Company Profile

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