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 based 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
Phone704-455-3239
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$453.59 million
Profitability
Miscellaneous
Employees1,005
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, February 13th. Stockholders of record on Friday, March 1st will be given a dividend of $0.15 per share on Friday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, February 28th. View Speedway Motorsports' Dividend History.
How will Speedway Motorsports' stock buyback program work?
Speedway Motorsports declared that its Board of Directors has approved a stock buyback program on Wednesday, March 7th 2018, which permits the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
How were Speedway Motorsports' earnings last quarter?
Speedway Motorsports, Inc. (NYSE:TRK) issued its earnings results on Thursday, April, 26th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.08. The firm had revenue of $74.36 million for the quarter, compared to the consensus estimate of $79.43 million. Speedway Motorsports had a net margin of 35.01% and a return on equity of 5.51%. View Speedway Motorsports' Earnings History.
When is Speedway Motorsports' next earnings date?
Has Speedway Motorsports been receiving favorable news coverage?
Headlines about TRK stock have trended positive recently, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. 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 2.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days.
Who are some of Speedway Motorsports' key competitors?
Some companies that are related to Speedway Motorsports include Adtalem Global Education (ATGE), Dometic Group AB (publ) (DTCGF), TEGNA (TGNA), H.I.S. (HISJF), Strategic Education (STRA), Monro (MNRO), Belmond (BEL), Entertainment One (ENTMF), SPORTS DIRECT I/ADR (SDISY), SeaWorld Entertainment (SEAS), Weight Watchers International (WTW), DUNELM GRP PLC/ADR (DNLMY), WILLIAM HILL PL/ADR (WIMHY), Yeti (YETI) and MAN WAH HOLDING/ADR (MAWHY).
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 a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.98%), BlackRock Inc. (1.96%), Bank of New York Mellon Corp (0.54%), Northern Trust Corp (0.44%), Potrero Capital Research LLC (0.42%) and North Star Investment Management Corp. (0.31%). View Institutional Ownership Trends for Speedway Motorsports.
Which major investors are selling Speedway Motorsports stock?
Which major investors are buying Speedway Motorsports stock?
TRK stock was bought by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P., BlackRock Inc., Bank of America Corp DE, Dimensional Fund Advisors LP, North Star Investment Management Corp., Martingale Asset Management L P, O Shaughnessy Asset Management LLC and Cary Street Partner Investment Advisory 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 $17.28.
How big of a company is Speedway Motorsports?
Speedway Motorsports has a market capitalization of $705.58 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?
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.
