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

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$15.60 -0.04 (-0.26 %)
(As of 10/22/2018 04:00 PM ET)
Previous Close$15.64
Today's Range$15.59 - $15.89
52-Week Range$15.56 - $23.32
Volume22,706 shs
Average Volume30,067 shs
Market Capitalization$639.66 million
P/E Ratio17.14
Dividend Yield3.80%
Beta1
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
SymbolNYSE:TRK
CUSIP84778810
Phone704-455-3239

Debt

Debt-to-Equity Ratio0.21
Current Ratio1.32
Quick Ratio1.24

Price-To-Earnings

Trailing P/E Ratio17.14
Forward P/E Ratio14.86
P/E Growth2.71

Sales & Book Value

Annual Sales$453.59 million
Price / Sales1.41
Cash Flow$2.50 per share
Price / Cash6.24
Book Value$22.44 per share
Price / Book0.70

Profitability

EPS (Most Recent Fiscal Year)$0.91
Net Income$148.24 million
Net Margins33.47%
Return on Equity4.07%
Return on Assets2.50%

Miscellaneous

Employees1,005
Outstanding Shares40,900,000
Market Cap$639.66 million

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, July 25th. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.15 per share on Wednesday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, August 14th. View Speedway Motorsports' Dividend History.

How will Speedway Motorsports' stock buyback program work?

Speedway Motorsports declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 7th 2018, which authorizes the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

How were Speedway Motorsports' earnings last quarter?

Speedway Motorsports, Inc. (NYSE:TRK) issued its quarterly earnings results on Wednesday, August, 1st. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.79 by $0.04. The business had revenue of $165.85 million for the quarter, compared to the consensus estimate of $178.21 million. Speedway Motorsports had a return on equity of 4.07% and a net margin of 33.47%. 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, October 24th 2018. View Earnings Estimates for Speedway Motorsports.

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 retail and institutional investors. Top institutional shareholders include North Star Investment Management Corp. (0.27%) and Ramsey Quantitative Systems (0.07%). View Institutional Ownership Trends 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 North Star Investment Management Corp. and Ramsey Quantitative Systems. 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 $15.60.

How big of a company is Speedway Motorsports?

Speedway Motorsports has a market capitalization of $639.66 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:  118 (Vote Outperform)
Underperform Votes:  181 (Vote Underperform)
Total Votes:  299
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 10/22/2018 by MarketBeat.com Staff

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