NYSE:TRK - Speedway Motorsports Stock Price, Price Target & More

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$17.88 +0.11 (+0.62 %)
(As of 06/24/2018 06:56 AM ET)
Previous Close$17.88
Today's Range$17.70 - $17.96
52-Week Range$16.46 - $23.47
Volume86,634 shs
Average Volume48,167 shs
Market Capitalization$727.95 million
P/E Ratio19.65
Dividend Yield3.38%
Beta1.04
Speedway Motorsports logoSpeedway 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.

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Industry, Sector and Symbol

Industry Racing, including track operation
Sub-IndustryLeisure Facilities
SectorConsumer Discretionary
SymbolNYSE:TRK
CUSIP84778810
Phone704-455-3239

Debt

Debt-to-Equity Ratio0.24
Current Ratio1.23
Quick Ratio1.14

Price-To-Earnings

Trailing P/E Ratio19.65
Forward P/E Ratio16.40
P/E Growth2.98

Sales & Book Value

Annual Sales$453.59 million
Price / Sales1.61
Cash Flow$2.5219 per share
Price / Cash7.09
Book Value$22.44 per share
Price / Book0.80

Profitability

EPS (Most Recent Fiscal Year)$0.91
Net Income$148.24 million
Net Margins31.53%
Return on Equity3.89%
Return on Assets2.29%

Miscellaneous

Employees1,005
Outstanding Shares40,970,000

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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 declared a quarterly dividend on Monday, April 23rd. Investors of record on Tuesday, May 15th will be given a dividend of $0.15 per share on Tuesday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, May 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 authorizes the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

How were Speedway Motorsports' earnings last quarter?

Speedway Motorsports, Inc. (NYSE:TRK) released its earnings results on Thursday, April, 26th. The company reported ($0.07) EPS for the quarter, missing the Zacks' consensus estimate of $0.01 by $0.08. The company had revenue of $74.36 million for the quarter, compared to analyst estimates of $79.43 million. Speedway Motorsports had a return on equity of 3.89% and a net margin of 31.53%. View Speedway Motorsports' Earnings History.

Who are some of Speedway Motorsports' key competitors?

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 of Accounting Office & Sr. VP (Age 60)
  • Mr. J. Cary Tharrington IV, Chief of Legal Office, Sr. VP, Gen. Counsel and Sec.

Has Speedway Motorsports been receiving favorable news coverage?

News stories about TRK stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Speedway Motorsports earned a coverage optimism score of 0.13 on Accern's scale. They also gave news articles about the company an impact score of 44.16 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are Speedway Motorsports' major shareholders?

Speedway Motorsports' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.81%), JPMorgan Chase & Co. (0.40%), Northern Trust Corp (0.39%), Allianz Asset Management GmbH (0.30%), Allianz Asset Management GmbH (0.30%) and Prudential Financial Inc. (0.18%). View Institutional Ownership Trends for Speedway Motorsports.

Which institutional investors are selling Speedway Motorsports stock?

TRK stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Citigroup Inc., Prudential Financial Inc. and California Public Employees Retirement System. View Insider Buying and Selling for Speedway Motorsports.

Which institutional investors are buying Speedway Motorsports stock?

TRK stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Bailard Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Northern Trust Corp and KBC Group NV. 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 $17.88.

How big of a company is Speedway Motorsports?

Speedway Motorsports has a market capitalization of $727.95 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 (TRK)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  93 (Vote Outperform)
Underperform Votes:  154 (Vote Underperform)
Total Votes:  247
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.
This page was last updated on 6/24/2018 by MarketBeat.com Staff

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