International Speedway Corporation (ISCA) Releases 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) opened at 36.65 on Thursday. International Speedway Corporation has a 12-month low of $30.05 and a 12-month high of $40.31. The firm has a market capitalization of $1.64 billion, a PE ratio of 24.00 and a beta of 1.15. The company’s 50-day moving average price is $35.20 and its 200 day moving average price is $35.86.
International Speedway Corporation (NASDAQ:ISCA) last posted its earnings results on Monday, July 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $165.30 million for the quarter, compared to analysts’ expectations of $166.79 million. International Speedway Corporation had a return on equity of 4.94% and a net margin of 10.41%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. On average, equities analysts forecast that International Speedway Corporation will post $1.54 earnings per share for the current year.
Several equities research analysts have issued reports on the company. BidaskClub upgraded International Speedway Corporation from a sell rating to a hold rating in a research report on Monday, July 31st. Zacks Investment Research downgraded International Speedway Corporation from a hold rating to a sell rating in a research report on Wednesday, September 6th. Finally, Citigroup Inc. restated a sell rating and set a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of Hold and an average target price of $36.50.
In related news, Director Hyatt J. Brown bought 10,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were purchased at an average price of $33.79 per share, for a total transaction of $337,900.00. Following the completion of the transaction, the director now directly owns 809 shares in the company, valued at approximately $27,336.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 43.06% of the company’s stock.
International Speedway Corporation Company Profile
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