Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Speedway Motorsports (TRK) Share Price
Media headlines about Speedway Motorsports (NYSE:TRK) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Speedway Motorsports earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.4705071184483 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms have commented on TRK. BidaskClub raised shares of Speedway Motorsports from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet raised shares of Speedway Motorsports from a “c+” rating to a “b” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Speedway Motorsports from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research note on Thursday, July 27th. Finally, Macquarie raised shares of Speedway Motorsports from an “underperform” rating to a “neutral” rating in a research note on Friday, May 5th. They noted that the move was a valuation call.
Speedway Motorsports (NYSE:TRK) opened at 20.48 on Friday. Speedway Motorsports has a one year low of $16.80 and a one year high of $22.29. The firm has a market cap of $839.70 million, a P/E ratio of 21.40 and a beta of 0.84. The stock has a 50 day moving average price of $19.58 and a 200-day moving average price of $19.21.
Speedway Motorsports (NYSE:TRK) last issued its earnings results on Wednesday, July 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.05. Speedway Motorsports had a return on equity of 5.33% and a net margin of 7.66%. The firm had revenue of $179.25 million for the quarter. Analysts predict that Speedway Motorsports will post $1.00 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, August 11th. Speedway Motorsports’s dividend payout ratio (DPR) is currently 62.50%.
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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.
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