|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||45.15 - 45.33|
|52 Week Range||35.12 - 45.62|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||26.16|
|Forward Dividend & Yield||0.49 (1.08%)|
|1y Target Est||N/A|
Moody's Investors Service (Moody's) assigned a Ba2 Corporate Family Rating (CFR) and Ba2--PD Probability of Default Rating to NASCAR Holdings, Inc. (NASCAR), as well as a Ba2 rating to the proposed senior secured credit facilities, which include a $150 million 5-year revolver and a $1,410 million 7-year term loan B. The outlook is stable. Net proceeds are expected to be used to acquire International Speedway Corporation (ISC) for $45/share, repay a portion of ISC's outstanding debt, and refinance outstanding debt at NASCAR.
Wells Fargo Securities downgraded the stocks of NASCAR's major speedway operators on Monday as the sport looks to rebound from years of declining interest.
Speedway Motorsports, Inc. (NYSE: TRK ) and International Speedway Corp (NASDAQ: ISCA ) were downgraded Monday by Wells Fargo. The Analyst Timothy Conder downgraded Speedway Motorsports from Market Perform ...
International Speedway earnings for the company's second quarter of 2019 has ISCA stock down on Wednesday.Source: Marclo Fontana via Flickr (Modified)International Speedway (NASDAQ:ISCA) starts off its earnings report for the second quarter of the year with earnings per share of 37 cents. This matches the company's earnings per share from the same period of the year prior. However, it was bad news for ISCA stock by missing Wall Street's earnings per share estimate of 39 cents for the quarter.Net income reported in the International Speedway earnings report for the second quarter of 2019 is $16.67 million. This is an increase over the company's net income of $15.07 million reported in the second quarter of the previous year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe most recent International Speedway earnings report also includes operating income of $17.26 million. That's up from the company's operating income of $15.50 million reported during the same time last year.International Speedway earnings for the second quarter of the year have revenue coming in at $171.68 million. This is better than its revenue of $168.08 million reported in the second quarter of the previous year. Unfortunately for ISCA stock, analysts were estimating revenue of $178.99 million for the period. * 10 Stocks That Should Be Every Young Investor's First Choice International Speedway also provides its outlook for 2019 in the second-quarter earnings report. It is expecting earnings per share ranging from $1.85 to $2.15 on revenue between $685.0 million and $705.0 million. Wall Street is looking for earnings per share and revenue of $2.00 and $696.73 million for the year.ISCA stock was down slightly as of Wednesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 As of this writing, William White did not hold a position in any of the aforementioned securities.The post International Speedway Earnings: ISCA Stock Dips on Q2 Miss appeared first on InvestorPlace.
International Speedway Corporation (NASDAQ: ISCA ) reported quarterly earnings of 36 cents per share , which missed the analyst consensus estimate of 39 cents. This is a 2.7% decrease over earnings of ...
International Speedway (ISCA) delivered earnings and revenue surprises of -7.69% and -6.09%, respectively, for the quarter ended May 2019. Do the numbers hold clues to what lies ahead for the stock?
International Speedway (ISCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is International Speedway Corporation (NASDAQ:ISCA) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […]
International Speedway Corp NASDAQ/NGS:ISCAView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for ISCA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ISCA. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $124 million over the last one-month into ETFs that hold ISCA are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
International Speedway is a profitable but declining business. It has problems to fix, and the Nascar deal gives it a chance to fix them out of the Wall Street glare.
NASCAR Holdings finally won over International Speedway Corp.’s public shareholders with a 7 percent sweetened purchase offer of $2 billion – and a Texas-based law firm helped it across the finish line.
NASCAR announced the $2 billion purchase of International Speedway Corp. on Wednesday, an aggressive move to gain control of key racetracks and set itself up for sweeping changes that could save America's most popular racing series.
The Daytona Beach-based motorsports operator of the Daytona Speedway joins forces with longtime partner.
Nascar raised its offer price to buy International Speedway to $2 billion from $1.9 billion last year. International Speedway announced Wednesday it agreed to be acquired by the stock car racing giant for $45 a share, up from Nascar's previous offer of $42. International Speedway's board unanimously approved the deal, which will close some time this year.
International Speedway Corporation (NASDAQ: ISCA ) has entered into an agreement with NASCAR Holdings, Inc. in which the latter will acquire the former for $2 billion. What To Know Under the terms of the ...
International Speedway Corp. announced Wednesday a deal to be acquired by Nascar Holdings Inc. in a deal valued at $2.0 billion. Under terms of the deal, Nascar will pay $45 in cash for each International Speedway share outstanding, which represents a 2.0% premium to the Class A shares' Tuesday closing price of $44.10, and 7.1% above Nascar's original bid in November of $42 a share. The deal is expected to close in 2019. International Speedway's stock, which is halted for news until 9:50 a.m. Eastern, has gained 0.6% year to date, while the S&P 500 has advanced 14%.