Shares of Speedway Motorsports, Inc. (NYSE:TRK) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokers have set a 1-year consensus price objective of $18.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Speedway Motorsports an industry rank of 228 out of 255 based on the ratings given to its competitors.
TRK has been the subject of several research reports. ValuEngine upgraded shares of Speedway Motorsports from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Zacks Investment Research upgraded shares of Speedway Motorsports from a “strong sell” rating to a “hold” rating in a report on Thursday, June 28th.
NYSE:TRK opened at $17.77 on Friday. Speedway Motorsports has a 52 week low of $16.46 and a 52 week high of $23.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.24. The firm has a market cap of $716.55 million, a P/E ratio of 19.53, a PEG ratio of 3.03 and a beta of 1.00.
Speedway Motorsports (NYSE:TRK) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). Speedway Motorsports had a net margin of 33.47% and a return on equity of 4.07%. The firm had revenue of $165.85 million for the quarter, compared to the consensus estimate of $178.21 million. equities research analysts expect that Speedway Motorsports will post 1.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Wednesday, August 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $0.60 annualized dividend and a yield of 3.38%. Speedway Motorsports’s dividend payout ratio (DPR) is presently 65.93%.
Several institutional investors have recently modified their holdings of the stock. Strs Ohio increased its stake in shares of Speedway Motorsports by 9.8% in the 2nd quarter. Strs Ohio now owns 34,600 shares of the company’s stock worth $600,000 after acquiring an additional 3,100 shares in the last quarter. KBC Group NV increased its stake in shares of Speedway Motorsports by 153.2% in the 1st quarter. KBC Group NV now owns 5,822 shares of the company’s stock worth $104,000 after acquiring an additional 3,523 shares in the last quarter. Northern Trust Corp increased its stake in shares of Speedway Motorsports by 2.3% in the 1st quarter. Northern Trust Corp now owns 159,092 shares of the company’s stock worth $2,835,000 after acquiring an additional 3,595 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Speedway Motorsports by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 282,320 shares of the company’s stock worth $4,901,000 after acquiring an additional 5,301 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Speedway Motorsports by 73.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,525 shares of the company’s stock worth $356,000 after acquiring an additional 8,725 shares in the last quarter. Institutional investors own 21.69% of the company’s stock.
Speedway Motorsports Company Profile
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.
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