Media stories about Speedway Motorsports (NYSE:TRK) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 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 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5390632106902 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Separately, Zacks Investment Research lowered shares of Speedway Motorsports from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th.
TRK stock opened at $17.24 on Friday. The company has a market capitalization of $721.85, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. Speedway Motorsports has a 12 month low of $16.80 and a 12 month high of $23.47. The company has a current ratio of 1.39, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24.
Speedway Motorsports (NYSE:TRK) last announced its earnings results on Wednesday, March 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Speedway Motorsports had a return on equity of 4.48% and a net margin of 31.30%. The firm had revenue of $76.41 million for the quarter, compared to analyst estimates of $82.63 million. equities analysts anticipate that Speedway Motorsports will post 1.1 EPS for the current fiscal year.
Speedway Motorsports announced that its Board of Directors has initiated a share buyback program on Wednesday, March 7th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 3.48%. Speedway Motorsports’s dividend payout ratio (DPR) is currently 65.93%.
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About Speedway Motorsports
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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