News articles about Speedway Motorsports (NYSE:TRK) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Speedway Motorsports earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.4700152308695 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities analysts have commented on TRK shares. TheStreet raised Speedway Motorsports from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. BidaskClub raised Speedway Motorsports from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Speedway Motorsports from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a report on Thursday, July 27th. Finally, Macquarie raised Speedway Motorsports from an “underperform” rating to a “neutral” rating in a report on Friday, May 5th. They noted that the move was a valuation call.
Shares of Speedway Motorsports (NYSE TRK) traded down 1.06% during trading on Friday, hitting $20.48. The stock had a trading volume of 32,213 shares. Speedway Motorsports has a 12-month low of $16.80 and a 12-month high of $22.29. The stock has a market capitalization of $839.70 million, a P/E ratio of 21.40 and a beta of 0.84. The stock’s 50-day moving average is $19.58 and its 200-day moving average is $19.21.
Speedway Motorsports (NYSE:TRK) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.63 by $0.05. Speedway Motorsports had a net margin of 7.66% and a return on equity of 5.33%. The business had revenue of $179.25 million during the quarter. Analysts predict that Speedway Motorsports will post $1.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 2.93%. Speedway Motorsports’s dividend payout ratio is currently 62.50%.
Speedway Motorsports Company Profile
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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