International Speedway Corp (NASDAQ:ISCA) Stock Sentiment Improves

Oceane Deschanel
Julho 21, 2017

95,043 shares of the stock were exchanged. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Zacks has also given International Speedway Corporation an industry rank of 76 out of 265 based on the ratings given to its competitors.

A number of institutional investors have recently added to or reduced their stakes in the company. As of November 30, 2016, the Company owned and/or operated 13 of the nation's motorsports entertainment facilities: Daytona International Speedway (Daytona) in Florida; Talladega Superspeedway (Talladega) in Alabama; Michigan International Speedway (Michigan) in Michigan; Auto Club Speedway of Southern California (Auto Club Speedway) in California; Kansas Speedway (Kansas) in Kansas; Richmond International Raceway (Richmond) in Virginia; Darlington Raceway (Darlington) in South Carolina; Chicagoland Speedway (Chicagoland) in Illinois; Martinsville Speedway (Martinsville) in Virginia; Phoenix International Raceway (Phoenix) in Arizona; Homestead-Miami Speedway (Homestead) in Florida; Watkins Glen International (Watkins Glen) in NY, and Route 66 Raceway (Route 66) in Illinois.

Speedway Motorsports, Inc. shares had a trading volume of 200K on Thursday. The company had a trading volume of 169,795 shares.

It is now trading at $19.30 which is just a bit higher than the 50 day moving average of $18.01 and which is marginally under the 200 day moving average of $19.32. The stock has a market capitalization of $1.69 billion, a P/E ratio of 22.10 and a beta of 1.22. International Speedway Corporation has a 52 week low of $30.05 and a 52 week high of $40.31.

Speedway Motorsports (NYSE:TRK) last issued its quarterly earnings results on Friday, April 28th. The company reported $0.02 EPS for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.02. The company had revenue of $165.30 million for the quarter, compared to analysts' expectations of $166.79 million. Speedway Motorsports had a net margin of 7.22% and a return on equity of 4.94%. The firm's revenue for the quarter was down 1.4% compared to the same quarter previous year. During the same period past year, the business posted $0.29 earnings per share. This is assuming the current $0.05 EPS is accurate. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. Azcentral.com's news article titled: "Phoenix International Raceway construction on track for November NASCAR races" with publication date: July 18, 2017 was also an interesting one.

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Speedway Motorsports has a payout ratio of 61.2% indicating that its dividend is sufficiently covered by earnings.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of U.S. & worldwide trademark and copyright laws. International Speedway Corporation has an average rating of "Hold" and a consensus target price of $36.50.

Institutional investors have recently made changes to their positions in the stock.

News stories about International Speedway Corporation (NASDAQ:ISCA) have trended somewhat positive this week, Accern reports. Renaissance Technologies LLC now owns 580,866 shares of the company's stock worth $21,376,000 after buying an additional 121,900 shares during the last quarter. Credit Agricole S A acquired a new position in shares of International Speedway Corporation during the fourth quarter valued at approximately $131,000. Dynamic Technology Lab Private Ltd purchased a new stake in International Speedway Corporation during the fourth quarter worth $353,000.

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