International Speedway Corporation Stock Upgraded (ISCA)

NEW YORK ( TheStreet) -- International Speedway Corporation (Nasdaq: ISCA) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:
  • INTL SPEEDWAY CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, INTL SPEEDWAY CORP increased its bottom line by earning $1.46 versus $1.14 in the prior year. This year, the market expects an improvement in earnings ($1.70 versus $1.46).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 73.9% when compared to the same quarter one year prior, rising from $15.22 million to $26.47 million.
  • ISCA's revenue growth trails the industry average of 12.9%. Since the same quarter one year prior, revenues slightly increased by 0.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • ISCA's debt-to-equity ratio is very low at 0.26 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, ISCA has a quick ratio of 1.70, which demonstrates the ability of the company to cover short-term liquidity needs.

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. The company's motorsports themed event operations consist of racing events at its motorsports entertainment facilities. The company has a P/E ratio of 22.1, above the average leisure industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7. International Speedway has a market cap of $715.1 million and is part of the services sector and leisure industry. Shares are up 3.8% year to date as of the close of trading on Friday.

You can view the full International Speedway Ratings Report or get investment ideas from our investment research center.
null

If you liked this article you might like

Oil Is Making People Rich Again: Market Recon

Oil Is Making People Rich Again: Market Recon

Directors At Estee Lauder, International Speedway And Many Other Firms Are Over-Tenured: BoardEx

Directors At Estee Lauder, International Speedway And Many Other Firms Are Over-Tenured: BoardEx

My Small-Cap Dividend Growers Are More Miss Than Hit So Far

My Small-Cap Dividend Growers Are More Miss Than Hit So Far

Market Recon: Uh-oh, Look at Those Horrible March Vehicle Sales

Market Recon: Uh-oh, Look at Those Horrible March Vehicle Sales

10 New Names Help Compose My 2017 Portfolio of Small-Cap Dividend Growers

10 New Names Help Compose My 2017 Portfolio of Small-Cap Dividend Growers