News coverage about Speedway Motorsports (NYSE:TRK) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Speedway Motorsports earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.3317697559598 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have issued reports on TRK shares. Zacks Investment Research upgraded Speedway Motorsports from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Saturday, October 28th. TheStreet downgraded Speedway Motorsports from a “b” rating to a “c+” rating in a research note on Wednesday, October 25th.
Speedway Motorsports (TRK) opened at $20.25 on Friday. Speedway Motorsports has a 12 month low of $16.80 and a 12 month high of $23.47. The firm has a market capitalization of $815.66, a P/E ratio of 23.82, a PEG ratio of 3.42 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.42 and a debt-to-equity ratio of 0.28.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.96%. Speedway Motorsports’s payout ratio is presently 70.59%.
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About Speedway Motorsports
Speedway Motorsports, Inc (SMI), through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company’s operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.
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