ValuEngine upgraded shares of International Speedway (NASDAQ:ISCA) from a hold rating to a buy rating in a report issued on Thursday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of International Speedway from a sell rating to a hold rating in a research report on Wednesday, March 27th. BidaskClub upgraded shares of International Speedway from a strong sell rating to a sell rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $26.00.

Shares of ISCA opened at $45.44 on Thursday. International Speedway has a 52 week low of $35.12 and a 52 week high of $49.95. The stock has a market capitalization of $1.91 billion, a P/E ratio of 24.56, a P/E/G ratio of 7.39 and a beta of 0.85. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.15.

International Speedway (NASDAQ:ISCA) last announced its quarterly earnings results on Thursday, April 4th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). International Speedway had a net margin of 11.45% and a return on equity of 4.88%. The company had revenue of $150.55 million during the quarter, compared to analyst estimates of $150.95 million. During the same quarter last year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts expect that International Speedway will post 1.99 earnings per share for the current year.

The firm also recently announced an annual dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. This represents a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from International Speedway’s previous annual dividend of $0.47. International Speedway’s dividend payout ratio is presently 25.41%.

Several hedge funds and other institutional investors have recently bought and sold shares of ISCA. Dupont Capital Management Corp acquired a new stake in shares of International Speedway during the 4th quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its position in shares of International Speedway by 2,997.4% during the 1st quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock worth $49,000 after acquiring an additional 1,139 shares in the last quarter. Quantamental Technologies LLC bought a new position in International Speedway in the 4th quarter valued at approximately $63,000. PNC Financial Services Group Inc. lifted its stake in International Speedway by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock valued at $84,000 after purchasing an additional 300 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in International Speedway by 17.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,312 shares of the company’s stock valued at $188,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 48.78% of the company’s stock.

About International Speedway

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.

See Also: What is the Fibonacci sequence?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for International Speedway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway and related companies with MarketBeat.com's FREE daily email newsletter.