International Speedway Corporation (ISCA) Releases Earnings Results, Beats Expectations By $0.03 EPS
International Speedway Corporation (NASDAQ:ISCA) issued its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03, Bloomberg Earnings reports. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $128.82 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. International Speedway Corporation updated its FY17 guidance to $1.50-1.65 EPS.
Shares of International Speedway Corporation (NASDAQ ISCA) traded up 2.59% during midday trading on Thursday, reaching $37.60. The company had a trading volume of 55,340 shares. International Speedway Corporation has a 52-week low of $30.05 and a 52-week high of $40.31. The stock has a market capitalization of $1.68 billion, a PE ratio of 24.62 and a beta of 1.15. The company’s 50 day moving average price is $35.20 and its 200 day moving average price is $35.86.
In other news, Director Hyatt J. Brown purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average price of $33.79 per share, for a total transaction of $337,900.00. Following the purchase, the director now directly owns 809 shares of the company’s stock, valued at approximately $27,336.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 43.06% of the company’s stock.
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A number of equities research analysts recently commented on the company. Zacks Investment Research lowered International Speedway Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. reiterated a “sell” rating and issued a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. Finally, BidaskClub lowered International Speedway Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.50.
International Speedway Corporation Company Profile
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