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

$19.75
+0.05 (+0.25 %)
(As of 08/18/2019 02:04 PM ET)
Today's Range
$19.67
Now: $19.75
$19.77
50-Day Range
$18.26
MA: $19.17
$19.86
52-Week Range
$13.47
Now: $19.75
$19.90
Volume182,300 shs
Average Volume225,718 shs
Market Capitalization$806.79 million
P/E Ratio20.10
Dividend Yield3.05%
Beta0.94
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. Read More…

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$2.3653 per share
Book Value$23.22 per share

Profitability

Net Income$40.45 million

Miscellaneous

Employees1,030
Market Cap$806.79 million
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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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 Tuesday, July 23rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.15 per share on Friday, September 6th. This represents a $0.60 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, August 14th. View Speedway Motorsports' Dividend History.

How will Speedway Motorsports' stock buyback program work?

Speedway Motorsports declared that its Board of Directors has approved a share buyback program 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 buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Speedway Motorsports' earnings last quarter?

Speedway Motorsports, Inc. (NYSE:TRK) announced its quarterly earnings results on Wednesday, July, 31st. The company reported $0.44 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.03. The firm earned $141.87 million during the quarter, compared to the consensus estimate of $143.46 million. Speedway Motorsports had a return on equity of 4.22% and a net margin of 8.07%. 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, November 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 2019 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of $0.90-1.10 for the period, compared to the Thomson Reuters consensus estimate of $0.94.

What is the consensus analysts' recommendation for Speedway Motorsports?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Speedway Motorsports in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Speedway Motorsports.

Has Speedway Motorsports been receiving favorable news coverage?

Press coverage about TRK stock has been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Speedway Motorsports earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Speedway Motorsports.

Are investors shorting Speedway Motorsports?

Speedway Motorsports saw a drop in short interest in July. As of July 31st, there was short interest totalling 62,200 shares, a drop of 47.7% from the June 30th total of 118,900 shares. Based on an average daily trading volume, of 84,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the company's shares are sold short. View Speedway Motorsports' Current Options Chain.

Who are some of Speedway Motorsports' key competitors?

What other stocks do shareholders of Speedway Motorsports own?

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 number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.59%), BlackRock Inc. (1.87%), Renaissance Technologies LLC (1.02%), Bank of New York Mellon Corp (0.57%), Northern Trust Corp (0.44%) and Panagora Asset Management Inc. (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 BlackRock Inc., First Quadrant L P CA, JPMorgan Chase & Co., Morgan Stanley, Invesco Ltd., Alambic Investment Management L.P., Grantham Mayo Van Otterloo & Co. LLC and Panagora Asset Management Inc.. View Insider Buying and Selling for Speedway Motorsports.

Which major investors are buying Speedway Motorsports stock?

TRK stock was acquired by a variety of institutional investors in the last quarter, including Polar Asset Management Partners Inc., State of New Jersey Common Pension Fund D, Vanguard Group Inc., Jefferies Group LLC, OMERS ADMINISTRATION Corp, Gabelli Funds LLC, NJ State Employees Deferred Compensation Plan and Acadian 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 $19.75.

How big of a company is Speedway Motorsports?

Speedway Motorsports has a market capitalization of $806.79 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.View Additional Information About Speedway Motorsports.

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:  153 (Vote Outperform)
Underperform Votes:  236 (Vote Underperform)
Total Votes:  389
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 8/18/2019 by MarketBeat.com Staff

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