International Speedway Corp (NASDAQ:ISCA) currently trades at $37.00 which is about -1.46% lower than the 52-week high of $39.95. The trading volume at ready counter moved to 156,105.00 shares as compared to 139,448.00 shares average traded volume. The stock failed to get pushed above the $37.22 barrier, the intraday high, after opening at $36.90. Analysts have a consensus target price of $35.00 in the 12-month period. Its market capitalization has now reached to $1.68B.
International Speedway Corp (NASDAQ:ISCA) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, Zero says it’s a buy and 1 has assigned a strong buy rating to the company.
International Speedway Corp (ISCA) on January 26, 2017 reported financial results for its fiscal fourth quarter and full-year ended November 30, 2016.
“We are pleased to report solid financial results for 2016,” stated Lesa France Kennedy, ISC Chief Executive Officer. “We recognized increases in both revenue and operating income, driven by the success of DAYTONA Rising and strength of our corporate and broadcast partnerships. The 2016 season concluded in dramatic fashion with Jimmie Johnson earning his seventh championship in front of a sold out crowd at Homestead-Miami Speedway.”
Ms. France Kennedy continued, “As we enter the 2017 season, we are optimistic we will see a resurgence in consumer demand and increasing admissions revenue as we continue executing our consumer marketing strategies. In 2017, we will also welcome Monster Energy as the new series sponsor of NASCAR’s premier series, only the third NASCAR Cup series sponsor in the sport’s history. Monster Energy has a brand built on excitement and enthusiasm, with a strong presence in racing and motorsports. We look forward to aligning our brands to provide a thrilling motorsports experience and excitement to our fans and partners in the Monster Energy NASCAR Cup series.”
“Earlier this week, NASCAR announced format changes for all three national touring series. We expect the new format will produce more dramatic, action packed racing, with two or more winning moments every race, and will be well received by our fans.”
“Construction for ONE DAYTONA is progressing nicely. The much anticipated December opening of Cobb Theatres was well received by movie-goers. Bass Pro Shops is on schedule to open mid-February, while remaining components of the project are scheduled to open late 2017. We are excited about the opportunities ONE DAYTONA will bring, creating synergy with the Daytona International Speedway through enhanced customer and partner experiences, and leveraging our real estate on a year-round basis, while creating value for our shareholders.”