NYSE:TRK - Speedway Motorsports Stock Price, News, & Analysis

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$16.84 -0.53 (-3.05 %)
(As of 12/9/2018 04:00 PM ET)
Previous Close$16.84
Today's Range$16.82 - $17.70
52-Week Range$14.66 - $21.15
Volume29,288 shs
Average Volume31,975 shs
Market Capitalization$687.61 million
P/E Ratio18.51
Dividend Yield3.56%
Beta1.09
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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Racing, including track operation
Sub-IndustryLeisure Facilities
SectorConsumer Discretionary
Current SymbolNYSE:TRK
Previous Symbol
CUSIP84778810
Phone704-455-3239

Debt

Debt-to-Equity Ratio0.21
Current Ratio1.73
Quick Ratio1.61

Price-To-Earnings

Trailing P/E Ratio18.51
Forward P/E Ratio16.35
P/E Growth-8.17

Sales & Book Value

Annual Sales$453.59 million
Price / Sales1.52
Cash Flow$2.5060 per share
Price / Cash Flow6.72
Book Value$22.44 per share
Price / Book0.75

Profitability

EPS (Most Recent Fiscal Year)$0.91
Net Income$148.24 million
Net Margins35.01%
Return on Equity5.51%
Return on Assets3.53%

Miscellaneous

Employees1,005
Outstanding Shares40,830,000
Market Cap$687.61 million
OptionableOptionable

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 Monday, October 22nd. Shareholders of record on Monday, November 12th will be given a dividend of $0.15 per share on Monday, December 3rd. This represents a $0.60 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, November 8th. View Speedway Motorsports' Dividend History.

How will Speedway Motorsports' stock buyback program work?

Speedway Motorsports declared that its board has initiated a stock repurchase plan on Wednesday, March 7th 2018, which permits the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

How were Speedway Motorsports' earnings last quarter?

Speedway Motorsports, Inc. (NYSE:TRK) released its quarterly earnings results on Wednesday, November, 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.33 by $0.26. The firm earned $160.09 million during the quarter, compared to analyst estimates of $143.66 million. Speedway Motorsports had a return on equity of 5.51% and a net margin of 35.01%. View Speedway Motorsports' Earnings History.

When is Speedway Motorsports' next earnings date?

Speedway Motorsports is scheduled to release their next quarterly earnings announcement on Wednesday, March 6th 2019. View Earnings Estimates for Speedway Motorsports.

What guidance has Speedway Motorsports issued on next quarter's earnings?

Speedway Motorsports issued an update on its FY 2018 earnings guidance on Wednesday, November, 7th. The company provided EPS guidance of $1.00-1.20 for the period.

Has Speedway Motorsports been receiving favorable news coverage?

News stories about TRK stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Speedway Motorsports earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

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 Accounting Officer & Sr. VP (Age 60)
  • Mr. J. Cary Tharrington IV, Sr. VP, Gen. Counsel & Sec.

Who are Speedway Motorsports' major shareholders?

Speedway Motorsports' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.93%), Vanguard Group Inc. (2.79%), BlackRock Inc. (1.77%), Bank of New York Mellon Corp (0.71%), JPMorgan Chase & Co. (0.38%) and JPMorgan Chase & Co. (0.38%). View Institutional Ownership Trends for Speedway Motorsports.

Which major investors are selling Speedway Motorsports stock?

TRK stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Stone Ridge Asset Management LLC and Man Group plc. View Insider Buying and Selling for Speedway Motorsports.

Which major investors are buying Speedway Motorsports stock?

TRK stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., First Trust Advisors LP, Dimensional Fund Advisors LP, Marshall Wace LLP, North Star Investment Management Corp., Ramsey Quantitative Systems, Bank of New York Mellon Corp and BlackRock 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 $16.84.

How big of a company is Speedway Motorsports?

Speedway Motorsports has a market capitalization of $687.61 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.

What is Speedway Motorsports' official website?

The official website for Speedway Motorsports is http://www.speedwaymotorsports.com.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  126 (Vote Outperform)
Underperform Votes:  185 (Vote Underperform)
Total Votes:  311
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 12/9/2018 by MarketBeat.com Staff

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