International Speedway Corporation (ISCA) Updates FY17 Earnings Guidance
International Speedway Corporation (NASDAQ:ISCA) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.50-1.65 for the period, compared to the Thomson Reuters consensus estimate of $1.54. The company issued revenue guidance of $660-670.0 million, compared to the consensus revenue estimate of $664.14 million.
Shares of International Speedway Corporation (ISCA) traded up 0.32% during trading on Friday, hitting $39.30. The company had a trading volume of 114,500 shares. The company’s 50 day moving average is $36.14 and its 200 day moving average is $36.01. The firm has a market capitalization of $1.76 billion, a P/E ratio of 25.74 and a beta of 1.15. International Speedway Corporation has a 1-year low of $30.30 and a 1-year high of $40.31.
International Speedway Corporation (NASDAQ:ISCA) last posted its quarterly earnings results on Thursday, October 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. The business had revenue of $131.90 million during the quarter, compared to analyst estimates of $128.82 million. During the same period in the prior year, the business earned $0.03 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that International Speedway Corporation will post $1.57 earnings per share for the current fiscal year.
ISCA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded International Speedway Corporation from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Tuesday. BidaskClub upgraded International Speedway Corporation from a sell rating to a hold rating in a report on Monday, July 31st. Finally, Citigroup Inc. reiterated a sell rating and issued a $31.00 price objective (up from $30.00) on shares of International Speedway Corporation in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $38.50.
WARNING: “International Speedway Corporation (ISCA) Updates FY17 Earnings Guidance” was posted by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at http://www.mareainformativa.com/international-speedway-corporation-isca-releases-fy17-earnings-guidance/116932/.
About International Speedway Corporation
Receive News & Stock Ratings for International Speedway Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway Corporation and related stocks with our FREE daily email newsletter.