The International Speedway Corp. (ISCA) Issues Quarterly Earnings Results

The International Speedway Corp. (ISCA) Issues Quarterly  Earnings Results

International Speedway Corp. (NASDAQ:ISCA) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $129 million for the quarter. International Speedway Corp. had a net margin of 11.57% and a return on equity of 5.00%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. International Speedway Corp. updated its FY16 guidance to $1.45-1.55 EPS.

Shares of International Speedway Corp. (NASDAQ:ISCA) opened at 31.45 on Monday. The firm has a market cap of $1.44 billion, a P/E ratio of 19.15 and a beta of 1.07. International Speedway Corp. has a 12-month low of $29.71 and a 12-month high of $37.87. The stock’s 50 day moving average price is $33.43 and its 200-day moving average price is $33.87.

A number of analysts recently issued reports on the company. Zacks Investment Research raised International Speedway Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Citigroup Inc. decreased their target price on shares of International Speedway Corp. from $32.00 to $29.00 and set a “sell” rating for the company in a research note on Monday, August 29th.

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in International Speedway Corp. by 17.1% in the second quarter. AQR Capital Management LLC now owns 10,845 shares of the company’s stock valued at $363,000 after buying an additional 1,582 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of International Speedway Corp. during the second quarter worth $444,000. Deere & Co. acquired a new stake in shares of International Speedway Corp. during the second quarter worth $576,000. BlackRock Inc. raised its stake in shares of International Speedway Corp. by 65.8% in the second quarter. BlackRock Inc. now owns 17,770 shares of the company’s stock worth $595,000 after buying an additional 7,055 shares in the last quarter. Finally, Comerica Bank raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 51.69% of the company’s stock.

International Speedway Corp. Company Profile

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