Wall Street brokerages predict that International Speedway Corp (NASDAQ:ISCA) will post $0.75 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for International Speedway’s earnings. International Speedway reported earnings of $0.72 per share in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The company is expected to announce its next earnings results before the market opens on Thursday, January 25th.
According to Zacks, analysts expect that International Speedway will report full year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.59. For the next year, analysts expect that the company will report earnings of $1.69 per share, with EPS estimates ranging from $1.66 to $1.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for International Speedway.
A number of equities analysts have recently commented on ISCA shares. Zacks Investment Research upgraded International Speedway from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, October 10th. BidaskClub upgraded International Speedway from a “sell” rating to a “hold” rating in a research note on Saturday, December 16th. Finally, Citigroup reiterated a “sell” rating and issued a $31.00 price objective (up from $30.00) on shares of International Speedway in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $38.50.
International Speedway (NASDAQ ISCA) traded up $0.55 during trading on Tuesday, hitting $41.00. The stock had a trading volume of 86,411 shares, compared to its average volume of 87,427. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1,810.00, a price-to-earnings ratio of 27.52, a PEG ratio of 5.99 and a beta of 1.14. International Speedway has a twelve month low of $32.25 and a twelve month high of $41.95.
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About International Speedway
International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.
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