Gabelli Analysts Reduce Earnings Estimates for International Speedway Corp. (ISCA)
International Speedway Corp. (NASDAQ:ISCA) – Equities research analysts at Gabelli lowered their FY2018 EPS 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 per share of $1.79 for the year, down from their previous forecast of $1.80. Gabelli also issued estimates for International Speedway Corp.’s FY2019 earnings at $1.89 EPS.
ISCA has been the topic of a number of other research reports. Zacks Investment Research raised shares of International Speedway Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Citigroup Inc. dropped 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 report on Monday, August 29th.
International Speedway Corp. (NASDAQ:ISCA) traded up 2.25% during trading on Monday, reaching $31.80. The company had a trading volume of 157,704 shares. The company has a 50-day moving average price of $32.91 and a 200 day moving average price of $33.60. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.37 and a beta of 1.07. International Speedway Corp. has a one year low of $29.71 and a one year high of $37.87.
International Speedway Corp. (NASDAQ:ISCA) last posted its quarterly earnings results on Thursday, October 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. International Speedway Corp. had a return on equity of 5.00% and a net margin of 11.57%. The business earned $129 million during the quarter. During the same quarter in the previous year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in the stock. MU Investments Co. Ltd. bought a new position in shares of International Speedway Corp. during the second quarter valued at $156,000. Teachers Retirement System of The State of Kentucky raised its stake in International Speedway Corp. by 336.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 4,800 shares of the company’s stock worth $161,000 after buying an additional 3,700 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in International Speedway Corp. by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,343 shares of the company’s stock worth $313,000 after buying an additional 217 shares in the last quarter. Aperio Group LLC acquired a new stake in International Speedway Corp. during the first quarter worth $317,000. Finally, Societe Generale acquired a new stake in International Speedway Corp. during the second quarter worth $336,000. Hedge funds and other institutional investors own 51.68% of the company’s stock.
About International Speedway Corp.
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. Its motorsports themed event operations consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events.
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