Speedway Motorsports Inc. (NYSE:TRK) has earned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Zacks has also assigned Speedway Motorsports an industry rank of 184 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Speedway Motorsports from a “sell” rating to a “hold” rating in a research report on Thursday, September 15th. TheStreet upgraded shares of Speedway Motorsports from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th.
Shares of Speedway Motorsports (NYSE:TRK) opened at 17.83 on Monday. Speedway Motorsports has a 52 week low of $16.62 and a 52 week high of $21.32. The firm has a market capitalization of $733.56 million, a P/E ratio of 23.84 and a beta of 0.85. The firm has a 50-day moving average of $17.84 and a 200 day moving average of $17.94.
Speedway Motorsports (NYSE:TRK) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.10. The firm had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $179.30 million. Speedway Motorsports had a return on equity of 4.86% and a net margin of 6.26%. On average, equities research analysts expect that Speedway Motorsports will post $0.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 5th. Stockholders of record on Monday, August 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.37%. Speedway Motorsports’s dividend payout ratio is presently 80.00%.
Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its position in shares of Speedway Motorsports by 2.9% in the second quarter. American Century Companies Inc. now owns 15,913 shares of the company’s stock worth $282,000 after buying an additional 453 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Speedway Motorsports during the second quarter worth about $300,000. Alliancebernstein L.P. increased its position in shares of Speedway Motorsports by 1.6% in the second quarter. Alliancebernstein L.P. now owns 19,100 shares of the company’s stock worth $339,000 after buying an additional 300 shares in the last quarter. Strs Ohio increased its position in shares of Speedway Motorsports by 11.5% in the second quarter. Strs Ohio now owns 34,900 shares of the company’s stock worth $619,000 after buying an additional 3,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Speedway Motorsports by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 38,273 shares of the company’s stock worth $680,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 22.12% of the company’s stock.
Speedway Motorsports Company Profile
Speedway Motorsports, Inc is engaged in promoting, marketing and sponsoring motorsports activities in the United States. The Company also provides event and non-event souvenir merchandising and distribution services, and food, beverage and hospitality catering services through its subsidiary, SMISC Holdings, Inc It provides radio programming, production and distribution; distributes wholesale and retail motorsports, and other sports-related souvenir merchandise and apparel, and manufactures and distributes smaller-scale, modified racing cars and parts.
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