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
Boeing said Sunday that it had informed the Federal Aviation Administration and international regulators on multiple occasions about the expanded role of the flight-control software in 737 MAX, which was linked to two fatal crashes that killed 346 people. The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee,
Follow RTT
>