Shares of Speedway Motorsports, Inc. (NYSE:TRK) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation. Speedway Motorsports’ rating score has declined by 66.7% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus target price of $16.00 for the company and are anticipating that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Speedway Motorsports an industry rank of 175 out of 256 based on the ratings given to related companies.
Several equities analysts recently commented on TRK shares. Wells Fargo & Co lowered shares of Speedway Motorsports from a “market perform” rating to an “underperform” rating in a research report on Monday, July 15th. Zacks Investment Research lowered shares of Speedway Motorsports from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, ValuEngine raised shares of Speedway Motorsports from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th.
Shares of NYSE:TRK traded up $0.02 during trading on Monday, reaching $19.84. The stock had a trading volume of 86,200 shares, compared to its average volume of 68,564. Speedway Motorsports has a fifty-two week low of $13.47 and a fifty-two week high of $19.90. The company has a current ratio of 1.77, a quick ratio of 1.48 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $19.08. The firm has a market cap of $809.72 million, a PE ratio of 19.84 and a beta of 0.94.
Speedway Motorsports (NYSE:TRK) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.03). Speedway Motorsports had a return on equity of 4.22% and a net margin of 8.07%. The company had revenue of $141.87 million for the quarter, compared to analyst estimates of $143.46 million. Equities analysts anticipate that Speedway Motorsports will post 0.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, August 14th. Speedway Motorsports’s dividend payout ratio (DPR) is 60.00%.
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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