Speedway Motorsports, Inc. (TRK) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Speedway Motorsports, Inc. (NYSE:TRK) posted its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06), Bloomberg Earnings reports. Speedway Motorsports had a return on equity of 5.33% and a net margin of 7.66%. The company had revenue of $137.61 million for the quarter, compared to the consensus estimate of $141.79 million.

Speedway Motorsports (NYSE TRK) traded down 0.81% during mid-day trading on Thursday, reaching $19.60. 22,488 shares of the company were exchanged. The stock has a market capitalization of $803.62 million, a price-to-earnings ratio of 20.48 and a beta of 0.86. Speedway Motorsports has a 12-month low of $16.80 and a 12-month high of $23.47. The company’s 50 day moving average price is $21.56 and its 200-day moving average price is $19.58.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.60 dividend on an annualized basis and a yield of 3.04%. Speedway Motorsports’s payout ratio is currently 62.50%.

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Several research analysts have recently issued reports on TRK shares. TheStreet upgraded shares of Speedway Motorsports from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. BidaskClub upgraded shares of Speedway Motorsports from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Speedway Motorsports from a “buy” rating to a “hold” rating in a report on Friday, September 15th.

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.

Earnings History for Speedway Motorsports (NYSE:TRK)

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