About Speedway Motorsports (NYSE:TRK)
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
Industry Racing, including track operation
Sub-IndustryLeisure Facilities
SectorConsumer Discretionary
SymbolNYSE:TRK
CUSIP84778810
Phone704-455-3239
Debt
Debt-to-Equity Ratio0.24%
Current Ratio1.39%
Quick Ratio1.31%
Price-To-Earnings
Trailing P/E Ratio19.99
Forward P/E Ratio16.42
P/E Growth2.97
Sales & Book Value
Annual Sales$453.59 million
Price / Sales1.63
Cash Flow$2.5188 per share
Price / Cash7.17
Book Value$22.44 per share
Price / Book0.80
Profitability
EPS (Most Recent Fiscal Year)$0.91
Net Income$148.24 million
Net Margins31.30%
Return on Equity4.48%
Return on Assets2.52%
Miscellaneous
Employees1,005
Outstanding Shares40,970,000
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, February 12th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.15 per share on Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Wednesday, February 28th. View Speedway Motorsports' Dividend History.
How will Speedway Motorsports' stock buyback program work?
Speedway Motorsports announced that its board has initiated a share buyback 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. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.
How were Speedway Motorsports' earnings last quarter?
Speedway Motorsports (NYSE:TRK) issued its earnings results on Wednesday, March, 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The firm had revenue of $76.41 million for the quarter, compared to analyst estimates of $82.63 million. Speedway Motorsports had a net margin of 31.30% and a return on equity of 4.48%. 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 Adtalem Global Education (ATGE), Sports Direct Intl (SDISY), Man Wah (MAWHY), Deckers Outdoor (DECK), TF1 - TV FRANCAISE (TVFCF), Wolverine World Wide (WWW), Steve Madden (SHOO), Laureate International Universities (LAUR), H.I.S. (HISJF), Thomas Cook Group (TCKGY), Penn National Gaming (PENN), Casa Systems (CASA), Camping World (CWH), TEGNA (TGNA) and La Quinta (LQ).
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 headlines about TRK stock have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Speedway Motorsports earned a media sentiment score of 0.14 on Accern's scale. They also gave media stories about the company an impact score of 45.28 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $18.06.
How big of a company is Speedway Motorsports?
Speedway Motorsports has a market capitalization of $737.01 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)
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.
Speedway Motorsports (NYSE:TRK) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Speedway Motorsports in the last 12 months. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | N/A | N/A | N/A | N/A |
| Price Target Upside: | N/A | N/A | N/A | N/A |
Speedway Motorsports (NYSE:TRK) Consensus Price Target History
Speedway Motorsports (NYSE:TRK) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/5/2017 | Macquarie | Upgrade | Underperform -> Neutral | | Medium |  |
(Data available from 4/24/2016 forward)
Speedway Motorsports (NYSE:TRK) Dividend Information
Speedway Motorsports pays an annual dividend of $0.60 per share, with a dividend yield of 3.32%. TRK's most recent quarterly dividend payment was Thursday, March 15. Speedway Motorsports pays out 65.93% of its earnings out as a dividend.
| Most Recent Dividend: | 3/15/2018 |
| Annual Dividend: | $0.60 |
| Dividend Yield: | 3.32% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 65.93% (Trailing 12 Months of Earnings)
54.55% (Based on This Year's Estimates)
46.15% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Speedway Motorsports (NYSE:TRK) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/12/2018 | Quarterly | $0.15 | 2.99% | 2/28/2018 | 3/1/2018 | 3/15/2018 |
| 10/19/2017 | quarterly | $0.15 | 2.6% | 11/9/2017 | 11/10/2017 | 12/1/2017 |
| 7/20/2017 | quarterly | $0.15 | 3.12% | 8/11/2017 | 8/15/2017 | 9/5/2017 |
| 4/20/2017 | quarterly | $0.15 | 3.08% | 5/11/2017 | 5/15/2017 | 6/5/2017 |
| 2/16/2017 | quarterly | $0.15 | 2.74% | 2/27/2017 | 3/1/2017 | 3/17/2017 |
| 10/20/2016 | quarterly | $0.15 | 3.37% | 11/8/2016 | 11/11/2016 | 12/2/2016 |
| 7/20/2016 | quarterly | $0.15 | 3.25% | 8/11/2016 | 8/15/2016 | 9/5/2016 |
| 4/21/2016 | quarterly | $0.15 | 3.27% | 5/12/2016 | 5/16/2016 | 6/6/2016 |
| 2/18/2016 | quarterly | $0.15 | 3.26% | 2/26/2016 | 3/1/2016 | 3/18/2016 |
| 10/15/2015 | quarterly | $0.15 | 3.15% | 11/10/2015 | 11/13/2015 | 12/4/2015 |
| 7/16/2015 | quarterly | $0.15 | 2.59% | 8/12/2015 | 8/14/2015 | 9/4/2015 |
| 4/16/2015 | quarterly | $0.15 | 2.36% | 5/13/2015 | 5/15/2015 | 6/5/2015 |
| 2/12/2015 | quarterly | $0.15 | 2.57% | 2/26/2015 | 3/2/2015 | 3/13/2015 |
| 10/16/2014 | quarterly | $0.15 | 3.43% | 11/12/2014 | 11/14/2014 | 12/5/2014 |
| 7/17/2014 | quarterly | $0.15 | 3.39% | 8/13/2014 | 8/15/2014 | 9/5/2014 |
| 4/15/2014 | quarterly | $0.15 | 3.32% | 5/14/2014 | 5/16/2014 | 6/6/2014 |
| 2/12/2014 | quarterly | $0.15 | 3.13% | 2/26/2014 | 2/28/2014 | 3/14/2014 |
| 10/17/2013 | quarterly | $0.15 | 3.06% | 11/13/2013 | 11/15/2013 | 12/6/2013 |
| 7/18/2013 | quarterly | $0.15 | 3.05% | 8/14/2013 | 8/16/2013 | 9/6/2013 |
| 4/16/2013 | quarterly | $0.15 | 3.45% | 5/15/2013 | 5/17/2013 | 6/7/2013 |
| 2/13/2013 | quarterly | $0.15 | 3.54% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Speedway Motorsports (NYSE TRK) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 72.30%
Institutional Ownership Percentage: 23.36%
Speedway Motorsports (NYSE TRK) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/9/2017 | Mark M Gambill | Director | Sell | 12,000 | $20.00 | $240,000.00 | 40,428 | |
| 8/15/2014 | O Bruton Smith | CEO | Buy | 10,000 | $17.19 | $171,900.00 | | |
(Data available from 1/1/2013 forward)
Speedway Motorsports (NYSE TRK) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Churchill Downs (CHDN) and Speedway Motorsports (TRK) Head-To-Head Analysis
www.americanbankingnews.com - April 24 at 1:30 AM |
| Speedway Motorsports (TRK) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - April 23 at 8:16 PM |
 | Speedway Motorsports, Inc. Schedules 2018 First Quarter Earnings Conference Call
finance.yahoo.com - April 21 at 9:47 AM |
| Speedway Motorsports (TRK) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - April 18 at 3:13 PM |
| Calculating The Fair Value Of Speedway Motorsports Inc (NYSE:TRK)
finance.yahoo.com - April 18 at 10:04 AM |
| Trakcja PRKiI SA.’s (WSE:TRK) Earnings Dropped -72.20%, Did Its Industry Show Weakness Too?
finance.yahoo.com - April 17 at 10:22 AM |
 | NASCAR approves another coating of PJ1 to track, extra set of tires at Bristol
www.msn.com - April 16 at 4:00 PM |
| The Latest: Drivers back on track; Blaney leads at Bristol
www.msn.com - April 15 at 4:16 PM |
| Speedway Motorsports (TRK) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 15 at 3:27 PM |
| Drivers uncertain what All-Star Race will be like with aero package, restrictor plates
www.msn.com - April 14 at 3:41 PM |
| NASCAR returns to short track at 'streaking' Bristol Motor Speedway
www.msn.com - April 12 at 4:01 PM |
| Speedway Motorsports (TRK) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - April 12 at 1:43 PM |
| NASCAR’s weekend schedule for Bristol Motor Speedway
www.msn.com - April 12 at 10:59 AM |
 | Paladino may sell Fort Erie Race Track property
www.bizjournals.com - April 11 at 4:02 PM |
| Goodyear tire info for Bristol Motor Speedway
www.msn.com - April 10 at 4:02 PM |
 | NASCAR: Kyle Busch wins at Texas Motor Speedway for the third time
www.latimes.com - April 10 at 10:24 AM |
| NASCAR takeaways: Young drivers delivered at Texas Motor Speedway
www.msn.com - April 10 at 10:24 AM |
| Veterans still rule: Kyle Busch wins at Texas Motor Speedway
www.msn.com - April 9 at 10:16 AM |
| Ryan Blaney scores first Xfinity win of year at Texas Motor Speedway
www.msn.com - April 9 at 10:16 AM |
| NASCAR Cup at Texas Motor Speedway 2018: Start time, lineup, TV, more
www.msn.com - April 8 at 8:20 AM |
| Daniel Suarez tops second Cup practice at Texas Motor Speedway
www.msn.com - April 7 at 5:36 PM |
| Why NASCAR’s Texas track won't give up its tradition of winners celebrating with guns
www.msn.com - April 6 at 4:12 PM |
 | 4 stats proving why Jimmie Johnson is tough to beat at Texas Motor Speedway
www.usatoday.com - April 6 at 10:42 AM |
| How NASCAR’s Texas track defends its race winners celebrating with guns
www.msn.com - April 6 at 10:42 AM |
| Speed is name of the game for NASCAR at Texas Motor Speedway
www.msn.com - April 5 at 4:02 PM |
| Free Research Report as Planet Fitness’ Quarterly Revenue Jumped 15.1%; Adjusted EPS Rose 20%
finance.yahoo.com - April 5 at 8:26 AM |
| Martin Truex Jr. has a score to settle with Texas Motor Speedway
www.msn.com - April 4 at 5:34 PM |
| Churchill Downs (CHDN) vs. Speedway Motorsports (TRK) Head-To-Head Comparison
www.americanbankingnews.com - April 4 at 11:20 AM |
 | Speedway Motorsports: Starting Their Engines For A Dark Horse Turnaround
seekingalpha.com - April 3 at 10:22 AM |
| Zacks: Speedway Motorsports (TRK) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - April 3 at 1:16 AM |
| Speedway Motorsports (TRK) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - April 2 at 8:04 PM |
| Johnny Sauter leads Truck points after Martinsville
www.msn.com - March 28 at 4:00 PM |
| Speedway Motorsports (TRK) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - March 27 at 4:00 PM |
| NASCAR Cup, Truck series at Martinsville postponed to Monday
www.msn.com - March 25 at 10:20 AM |
 | NASCAR at Martinsville Speedway: Starting lineup breakdown
abcnews.go.com - March 25 at 10:20 AM |
| Snow postpones NASCAR races at Martinsville Speedway
www.msn.com - March 25 at 10:20 AM |
| CBJ Morning Buzz: Speedway's Smith takes a pay cut; Scenes from Hornets' record-breaking win; New life for 'Hunger Games' village in N.C.
finance.yahoo.com - March 23 at 9:54 AM |
| 5 Leisure Stocks That Can Lift Your Spirits This Spring
finance.yahoo.com - March 22 at 10:14 AM |
| Comparing Speedway Motorsports (TRK) & Its Peers
www.americanbankingnews.com - March 20 at 7:10 PM |
| Jeff Gordon, Tony Stewart elected to Indianapolis Motor Speedway Hall of Fame
www.msn.com - March 20 at 3:56 PM |
| Speedway Motorsports (TRK) versus The Competition Financial Comparison
www.americanbankingnews.com - March 20 at 9:00 AM |
| Brokerages Expect Speedway Motorsports, Inc. (TRK) to Post $0.03 EPS
www.americanbankingnews.com - March 19 at 5:16 PM |
| Reviewing Speedway Motorsports (TRK) and Red Rock Resorts (RRR)
www.americanbankingnews.com - March 18 at 9:24 AM |
| Zacks: Brokerages Set $18.75 Target Price for Speedway Motorsports, Inc. (TRK)
www.americanbankingnews.com - March 14 at 5:22 AM |
| What Makes Speedway Motorsports Inc (NYSE:TRK) A Great Dividend Stock?
finance.yahoo.com - March 13 at 5:49 PM |
| Zacks: Speedway Motorsports, Inc. (TRK) Given $18.75 Average Target Price by Analysts
www.americanbankingnews.com - March 10 at 5:11 AM |
| Speedway Motorsports (TRK) Releases Quarterly Earnings Results
www.americanbankingnews.com - March 8 at 9:47 AM |
| Speedway Motorsports' (TRK) CEO Marcus Smith on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - March 7 at 4:43 PM |
| Speedway Motorsports (TRK) Board of Directors Initiates Stock Buyback Plan
www.americanbankingnews.com - March 7 at 11:48 AM |
| More on Speedway Motorsports Q4 results
seekingalpha.com - March 7 at 11:18 AM |
Speedway Motorsports (NYSE:TRK) SEC Filings
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Speedway Motorsports (NYSE:TRK) Income Statement, Balance Sheet and Cash Flow Statement
Speedway Motorsports (NYSE TRK) Stock Chart for Tuesday, April, 24, 2018
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