International Speedway (NASDAQ:ISCA) Issues FY 2019 Earnings Guidance

International Speedway (NASDAQ:ISCA) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.85-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.00. The company issued revenue guidance of $685-705 million, compared to the consensus revenue estimate of $696.73 million.

A number of equities analysts have commented on the stock. ValuEngine raised shares of International Speedway from a hold rating to a buy rating in a research note on Thursday, May 23rd. BidaskClub cut shares of International Speedway from a buy rating to a hold rating in a research note on Tuesday, June 11th. Finally, Zacks Investment Research raised shares of International Speedway from a sell rating to a hold rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of Hold and a consensus target price of $26.00.

ISCA stock opened at $45.16 on Wednesday. International Speedway has a 12 month low of $35.12 and a 12 month high of $49.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.02 and a current ratio of 3.02. The business’s 50-day moving average price is $44.83. The stock has a market cap of $1.95 billion, a PE ratio of 24.41, a PEG ratio of 7.54 and a beta of 0.72.

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

The business also recently disclosed an annual dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a dividend of $0.49 per share. This is a positive change from International Speedway’s previous annual dividend of $0.47. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 1.13%. International Speedway’s dividend payout ratio (DPR) is presently 26.49%.

International Speedway Company Profile

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.

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Earnings History and Estimates for International Speedway (NASDAQ:ISCA)

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