Featured Earnings Report: International Speedway Corporation (NASDAQ: ISCA)

DAYTONA BEACH, Fla., June 24, 2019 – Shares of International Speedway Corporation (NASDAQ: ISCA) declined -0.51% to $44.78. The stock traded total volume of 252.755K shares higher than the average volume of 156.40K shares.

International Speedway Corp. (ISCA) reported fiscal first-quarter net income of $21.60M, or $0.50 per diluted share, compared to approximately $169.30M, or $3.83 per diluted share, in the prior year period. Excluding non-recurring costs associated with The ISM Raceway Project, accelerated depreciation related to the infield project at Talladega, The ISM Raceway Project and other capital improvements, including the infield project at Richmond, losses associated with the retirements of certain other long-lived assets, capitalized interest associated with The ISM Raceway Project and ONE DAYTONA, costs related to the NASCAR Offer, non-recurring, non-capitalized costs related to the purchase of certain assets from Racing Electronics, and the income tax benefit related to the Tax Cuts and Jobs Act, non-GAAP net income, as defined below, was $24.80M, or $0.57 per diluted share, as compared to $26.40M, or $0.60 per diluted share, for the three months ended February 28, 2019 and 2018, respectively.

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ISCA has the market capitalization of $1.95B and its EPS growth ratio for the past five years was 13.30%. The return on assets ratio of the Company was 3.40% while its return on investment ratio stands at 3.50%. Price to sales ratio was 2.88 while 94.30% of the stock was owned by institutional investors.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.