logo
Plus   Neg
Share
Email

International Speedway Reaffirms FY19 Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2019 on Thursday, International Speedway Corp. (ISCA,ISCB.OB) reaffirmed its adjusted earnings and revenue guidance for the full-year 2019.

For fiscal 2019, the company continues to projects adjusted earnings in the range of $1.85 to $2.15 per share on projected revenues between $685.0 million and $705.0 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.00 per share on revenues of $696.73 million for the year. Analysts' estimates typically exclude special items.

The company said it expects dividends to increase in 2019 and beyond, by about four to five percent annually.

Further, the company said it continues to explore development and/or acquisition opportunities beyond the initiatives discussed above that build shareholder value and exceed its weighted average cost of capital.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter Inc. on Friday unlocked the New York Post's Twitter account after a two-week stalemate over posting links to its reporting about Hunter Biden. Walmart has removed guns and ammunition from its store shelves in the U.S. as a precautionary measure following the unrest in Philadelphia after a Black man was fatally shot by police, according to reports. While the firearms will be available for purchase at the Walmart stores, customers will be required to specifically request for them. Regeneron Pharmaceuticals Inc. (REGN) said Friday that the independent data monitoring committee or IDMC for the REGN-COV2 antibody cocktail treatment trials for COVID-19 has recommended to hold further enrollment in hospitalized patients requiring high-flow oxygen or mechanical ventilation.
Follow RTT