International Speedway Reaffirms FY19 Outlook - Quick Facts

(RTTNews) - 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.