Isle Of Capri Casinos (ISLE) Tops Q4 EPS by 17c

Isle Of Capri Casinos (NASDAQ: ISLE) reported Q4 EPS of $0.58, $0.17 better than the analyst estimate of $0.41. Revenue for the quarter came in at $274.6 million versus the consensus estimate of $266.04 million.

For fiscal 2016 we provide guidance for the following specific non-operating items:

• Depreciation and amortization expense is expected to be approximately $85 million to $87 million, inclusive of approximately $5 million in accelerated depreciation related to the existing riverboat at Bettendorf.
• Interest expense is expected to be approximately $69 million to $71 million.
• The Company expects cash income taxes pertaining to fiscal 2016 operations to be less than $1 million, primarily state income taxes.
• Corporate and development expenses for fiscal 2016 are expected to be approximately $28 million to $30 million, including approximately $5 million in non-cash stock compensation expense.
• Maintenance capital expenditures for fiscal 2016 are expected to be approximately $40 million.
• We also expect to spend approximately $15 million on smaller projects and renovation capital. These include ongoing hotel room renovations at the South Tower in Bettendorf, a hotel room renovation at Boonville, as well as various restaurant renovations across the portfolio.
• We expect to spend approximately $45 million to $50 million on the land-based project at Bettendorf during fiscal 2016.

For earnings history and earnings-related data on Isle Of Capri Casinos (ISLE) click here.

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