Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities. As of December 31, 2017, its racing facilities included total seating capacity of approximately 715,000 with 754 luxury suites. The company also provides souvenir merchandising, including screen-printing and embroidery, as well as food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it manufactures and distributes modified racing cars and parts; produces and sells micro-lubricant; distributes, wholesales, and retails motorsports and other sports-related souvenir merchandise and apparel; leases oil and gas mineral rights; and rents office, warehouse, and industrial park space, as well as track rentals for motorsports and non-motorsports events and activities, and driving schools. The company was founded in 1959 and is headquartered in Concord, North Carolina. Speedway Motorsports Inc. is a subsidiary of Sonic Financial Corporation.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Racing, including track operation
Sub-IndustryLeisure Facilities
SectorConsumer Discretionary
SymbolNYSE:TRK
CUSIP84778810
Phone704-455-3239
Debt
Debt-to-Equity Ratio0.21
Current Ratio1.32
Quick Ratio1.24
Price-To-Earnings
Trailing P/E Ratio19.91
Forward P/E Ratio16.93
P/E Growth2.99
Sales & Book Value
Annual Sales$453.59 million
Price / Sales1.63
Cash Flow$2.5849 per share
Price / Cash7.01
Book Value$22.44 per share
Price / Book0.81
Profitability
EPS (Most Recent Fiscal Year)$0.91
Net Income$148.24 million
Net Margins33.47%
Return on Equity4.07%
Return on Assets2.50%
Miscellaneous
Employees1,005
Outstanding Shares40,900,000
Market Cap$719.41 million
Speedway Motorsports (NYSE:TRK) Frequently Asked Questions
What is Speedway Motorsports' stock symbol?
Speedway Motorsports trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRK."
How often does Speedway Motorsports pay dividends? What is the dividend yield for Speedway Motorsports?
Speedway Motorsports announced a quarterly dividend on Wednesday, July 25th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.15 per share on Wednesday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, August 14th. View Speedway Motorsports' Dividend History.
How will Speedway Motorsports' stock buyback program work?
Speedway Motorsports declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 7th 2018, which permits the company to repurchase 1,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.
How were Speedway Motorsports' earnings last quarter?
Speedway Motorsports, Inc. (NYSE:TRK) released its quarterly earnings data on Wednesday, August, 1st. The company reported $0.75 EPS for the quarter, missing the Zacks' consensus estimate of $0.79 by $0.04. The business had revenue of $165.85 million for the quarter, compared to the consensus estimate of $178.21 million. Speedway Motorsports had a return on equity of 4.07% and a net margin of 33.47%. View Speedway Motorsports' Earnings History.
When is Speedway Motorsports' next earnings date?
Who are some of Speedway Motorsports' key competitors?
Some companies that are related to Speedway Motorsports include Sodastream International (SODA), Sinclair Broadcast Group (SBGI), Spectrum Brands, Inc. Common Stock (SPB), MAN WAH HOLDING/ADR (MAWHY), La Quinta (LQ), CECONOMY AG/ADR (MTTRY), Television Francaise 1 (TVFCF), TEGNA (TGNA), Monro (MNRO), Entertainment One (ENTMF), G-III Apparel Group (GIII), AMC Entertainment (AMC), SeaWorld Entertainment (SEAS), Hailiang Education Group (HLG) and Callaway Golf (ELY).
Who are Speedway Motorsports' key executives?
Speedway Motorsports' management team includes the folowing people:
- Mr. O. Bruton Smith, Exec. Chairman (Age 91)
- Mr. Marcus G. Smith, Pres, CEO & Director (Age 44)
- Mr. William R. Brooks, Vice-Chairman, CFO & Treasurer (Age 68)
- Mr. James B. Scudder, Chief Accounting Officer & Sr. VP (Age 60)
- Mr. J. Cary Tharrington IV, Sr. VP, Gen. Counsel & Sec.
Has Speedway Motorsports been receiving favorable news coverage?
News articles about TRK stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Speedway Motorsports earned a news impact score of 0.00 on Accern's scale. They also gave media coverage about the company an impact score of 46.59 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Speedway Motorsports.
Who are Speedway Motorsports' major shareholders?
Speedway Motorsports' stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.88%), BlackRock Inc. (1.76%), Renaissance Technologies LLC (0.95%), Bank of New York Mellon Corp (0.69%), North Star Investment Management Corp. (0.25%) and Schwab Charles Investment Management Inc. (0.15%). View Institutional Ownership Trends for Speedway Motorsports.
Which institutional investors are selling Speedway Motorsports stock?
Which institutional investors are buying Speedway Motorsports stock?
TRK stock was acquired by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., Renaissance Technologies LLC, Citadel Advisors LLC, First Quadrant L P CA, Balter Liquid Alternatives LLC, Dimensional Fund Advisors LP, BlackRock Inc. and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Speedway Motorsports.
How do I buy shares of Speedway Motorsports?
Shares of TRK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Speedway Motorsports' stock price today?
One share of TRK stock can currently be purchased for approximately $18.12.
How big of a company is Speedway Motorsports?
Speedway Motorsports has a market capitalization of $719.41 million and generates $453.59 million in revenue each year. The company earns $148.24 million in net income (profit) each year or $0.91 on an earnings per share basis. Speedway Motorsports employs 1,005 workers across the globe.
How can I contact Speedway Motorsports?
Speedway Motorsports' mailing address is 5555 CONCORD PARKWAY SOUTH, CONCORD NC, 28027. The company can be reached via phone at 704-455-3239.
MarketBeat Community Rating for Speedway Motorsports (NYSE TRK)
MarketBeat's community ratings are surveys of what our community members think about Speedway Motorsports and other stocks. Vote "Outperform" if you believe TRK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRK will underperform the S&P 500 over the long term. You may vote once every thirty days.
