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

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$15.30 -0.10 (-0.65 %)
(As of 03/19/2019 10:56 AM ET)
Previous Close$15.40
Today's Range$15.27 - $15.34
52-Week Range$14.66 - $18.57
Volume900 shs
Average Volume30,023 shs
Market Capitalization$624.70 million
P/E Ratio15.28
Dividend Yield3.88%
Beta0.97
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.

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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$2.3147 per share
Book Value$22.89 per share

Profitability

Net Income$40.45 million

Miscellaneous

Employees1,005
Market Cap$624.70 million
Next Earnings Date4/25/2019 (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 announced a quarterly dividend on Wednesday, February 13th. Investors 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 dividend on an annualized basis and a dividend yield of 3.94%. 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 initiated a stock buyback plan on Wednesday, March 7th 2018, which permits the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans 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) released its quarterly earnings results on Wednesday, March, 13th. The company reported ($0.27) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.23) by $0.04. The firm earned $56.36 million during the quarter. Speedway Motorsports had a return on equity of 4.42% and a net margin of 8.94%. View Speedway Motorsports' Earnings History.

When is Speedway Motorsports' next earnings date?

Speedway Motorsports is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Speedway Motorsports.

What guidance has Speedway Motorsports issued on next quarter's earnings?

Speedway Motorsports updated its FY 2019 earnings guidance on Wednesday, March, 13th. The company provided EPS guidance of $0.90-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.04. The company issued revenue guidance of $450-470 million, compared to the consensus revenue estimate of $475.22 million.

Has Speedway Motorsports been receiving favorable news coverage?

Headlines about TRK stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Speedway Motorsports earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

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), Twitter (TWTR), Clear Channel Outdoor (CCO), US Foods (USFD), American National BankShares (AMNB), New York Times (NYT), Energy Transfer LP Unit (ET) and Enterprise Bancorp (EBTC).

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 retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.98%), BlackRock Inc. (1.96%), Norges Bank (1.05%), Bank of New York Mellon Corp (0.54%), Northern Trust Corp (0.44%) and Potrero Capital Research LLC (0.42%). View Institutional Ownership Trends for Speedway Motorsports.

Which institutional investors are selling Speedway Motorsports stock?

TRK stock was sold by a variety of institutional investors in the last quarter, including Potrero Capital Research LLC, Bank of New York Mellon Corp, Two Sigma Investments LP and Brandes Investment Partners LP. View Insider Buying and Selling for Speedway Motorsports.

Which institutional investors are buying Speedway Motorsports stock?

TRK stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, 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 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 $15.24.

How big of a company is Speedway Motorsports?

Speedway Motorsports has a market capitalization of $622.25 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 1,005 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:  133 (Vote Outperform)
Underperform Votes:  207 (Vote Underperform)
Total Votes:  340
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 3/19/2019 by MarketBeat.com Staff

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