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

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$18.18 -0.25 (-1.36 %)
(As of 05/23/2019 04:00 PM ET)
Previous Close$18.43
Today's Range$18.0950 - $18.33
52-Week Range$13.47 - $18.84
Volume117,941 shs
Average Volume56,004 shs
Market Capitalization$742.42 million
P/E Ratio18.18
Dividend Yield3.26%
Beta1.05
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, 2018, its racing facilities included total seating capacity of approximately 692,000, 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 natural 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 based 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
CUSIP84778810
Phone704-455-3239

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$461.91 million
Cash Flow$2.3278 per share
Book Value$22.93 per share

Profitability

Net Income$40.45 million

Miscellaneous

Employees1,030
Market Cap$742.42 million
Next Earnings Date8/7/2019 (Estimated)
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 declared a quarterly dividend on Wednesday, April 24th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share on Wednesday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, May 14th. View Speedway Motorsports' Dividend History.

How will Speedway Motorsports' stock buyback program work?

Speedway Motorsports declared that its board has initiated a share buyback plan on Wednesday, March 7th 2018, which authorizes the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Speedway Motorsports' earnings last quarter?

Speedway Motorsports, Inc. (NYSE:TRK) released its earnings results on Wednesday, May, 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.29. The company had revenue of $107.89 million for the quarter, compared to analyst estimates of $74.35 million. Speedway Motorsports had a net margin of 10.63% and a return on equity of 5.62%. 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, August 7th 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 2019 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $0.90-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.95.

Has Speedway Motorsports been receiving favorable news coverage?

News articles about TRK stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Speedway Motorsports earned a news impact score of 1.9 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of Speedway Motorsports' key competitors?

What other stocks do shareholders of Speedway Motorsports own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Speedway Motorsports investors own include Mattel (MAT), Ultra Clean (UCTT), General Electric (GE), US Foods (USFD), American National BankShares (AMNB), Enterprise Bancorp (EBTC), Twitter (TWTR), New York Times (NYT), CLEAR CHANNEL O/SH (CCO) and General Motors (GM).

Who are Speedway Motorsports' key executives?

Speedway Motorsports' management team includes the folowing people:
  • Mr. O. Bruton Smith, Exec. Chairman (Age 92)
  • Mr. Marcus G. Smith, Pres, CEO & Director (Age 45)
  • Mr. William R. Brooks, Vice-Chairman, CFO & Treasurer (Age 69)
  • Mr. James B. Scudder, Chief Accounting Officer & Sr. VP (Age 61)
  • Mr. J. Cary Tharrington IV, Sr. VP, Gen. Counsel & Sec.

Who are Speedway Motorsports' major shareholders?

Speedway Motorsports' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.00%), BlackRock Inc. (2.03%), Renaissance Technologies LLC (1.07%), Northern Trust Corp (0.43%), North Star Investment Management Corp. (0.37%) and First Quadrant L P CA (0.20%). 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 JPMorgan Chase & Co., Morgan Stanley, Alambic Investment Management L.P., California Public Employees Retirement System, Cigna Investments Inc. New, Northern Trust Corp, Charles Schwab Investment Management Inc. and Connor Clark & Lunn Investment Management Ltd.. 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 BlackRock Inc., North Star Investment Management Corp., Shell Asset Management Co., Renaissance Technologies LLC, First Quadrant L P CA, Wells Fargo & Company MN, Dimensional Fund Advisors LP and O Shaughnessy Asset Management LLC. 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 $18.18.

How big of a company is Speedway Motorsports?

Speedway Motorsports has a market capitalization of $742.42 million and generates $461.91 million in revenue each year. The company earns $40.45 million in net income (profit) each year or $1.00 on an earnings per share basis. Speedway Motorsports employs 1,030 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:  141 (Vote Outperform)
Underperform Votes:  220 (Vote Underperform)
Total Votes:  361
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 5/23/2019 by MarketBeat.com Staff

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