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

International Speedway (NASDAQ:ISCA) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.85-2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.00. The company issued revenue guidance of $685-705 million, compared to the consensus revenue estimate of $696.73 million.International Speedway also updated its FY19 guidance to $1.85-2.15 EPS.

Shares of International Speedway stock traded up $0.36 during trading on Friday, reaching $44.19. The company’s stock had a trading volume of 362,088 shares, compared to its average volume of 134,380. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 7.24 and a beta of 0.87. International Speedway has a fifty-two week low of $35.12 and a fifty-two week high of $49.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.02 and a quick ratio of 3.02.

International Speedway (NASDAQ:ISCA) last announced its 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 net margin of 11.45% and a return on equity of 4.88%. The business had revenue of $150.55 million during the quarter, compared to analyst estimates of $150.95 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Analysts anticipate that International Speedway will post 1.99 earnings per share for the current year.

The company also recently disclosed an annual dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $0.49 dividend. This represents a yield of 1.13%. This is a positive change from International Speedway’s previous annual dividend of $0.47. The ex-dividend date is Thursday, May 30th. International Speedway’s dividend payout ratio (DPR) is 25.41%.

A number of equities analysts recently weighed in on ISCA shares. Zacks Investment Research upgraded shares of International Speedway from a sell rating to a hold rating in a research report on Wednesday, March 27th. ValuEngine lowered shares of International Speedway from a buy rating to a hold rating in a research report on Tuesday, February 5th. Finally, BidaskClub upgraded shares of International Speedway from a strong sell rating to a sell rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of $26.00.

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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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