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Last $22.62 USD
Change Today 0.00 / 0.00%
Volume 43.9K
TRK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

speedway motorsports inc (TRK) Snapshot

Open
$22.59
Previous Close
$22.62
Day High
$22.76
Day Low
$22.29
52 Week High
04/21/15 - $25.66
52 Week Low
10/7/14 - $16.45
Market Cap
934.8M
Average Volume 10 Days
40.5K
EPS TTM
$0.58
Shares Outstanding
41.3M
EX-Date
05/13/15
P/E TM
39.1x
Dividend
$0.60
Dividend Yield
2.65%
Current Stock Chart for SPEEDWAY MOTORSPORTS INC (TRK)

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speedway motorsports inc (TRK) Details

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. As of December 31, 2014, its racing facilities included total seating capacity of approximately 808,000 with 763 luxury suites. The company also provides event and non-event souvenir merchandising and distribution services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it manufactures and distributes modified racing cars and parts; produces and sells environmentally-friendly micro-lubricant; distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel; leases oil and gas mineral rights; and rents warehouse, industrial park, and office space, as well as tracks for motorsports and non-motorsports events and activities, and driving schools. Speedway Motorsports, Inc. was founded in 1959 and is based in Concord, North Carolina.

839 Employees
Last Reported Date: 03/6/15
Founded in 1959

speedway motorsports inc (TRK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $550.0K
Executive Chairman
Total Annual Compensation: $600.0K
Vice Chairman, Chief Financial Officer, Princ...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

speedway motorsports inc (TRK) Key Developments

Speedway Motorsports Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015

Speedway Motorsports Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $85,274,000 against $84,542,000 a year ago. Loss before income taxes was $6,718,000 against income before income taxes of $2,968,000 a year ago. Net loss was $4,399,000 or $0.11 per diluted share against net income of $1,867,000 or $0.05 per diluted share a year ago. Consolidated diluted loss per share using GAAP was $0.11 compared to consolidated earnings per share of $0.05 a year ago. Non-GAAP net income was $1,929,000 or $0.05 per diluted share against $1,076,000 or $0.03 per diluted share a year ago. Comparing the three months ended March 31, 2015, to the three months ended in March 31, 2014, total revenues for that period increased by $732,000 or about 0.9%. This is primarily due to race date changes. It also reflects lower overall attendance at NASCAR racing events on a comparable year-over-year basis. Event-related revenue for the three months decreased by $1.7 million or 7.2%. This decrease was due primarily to the race date changes and, to a lesser extent, decreases in track rentals at some of speedways in the first quarter. This overall decrease was partially offset by higher radio broadcasting revenues. The company reaffirmed that first quarter 2015 results are consistent with its previous full year 2015 earnings guidance of $0.90 to $1.10 per diluted share, excluding non-recurring and other special items. The company again expects capital projects to approximate $20 million to $30 million for 2015.

Speedway Motorsports Inc., Q1 2015 Earnings Call, Apr 29, 2015

Speedway Motorsports Inc., Q1 2015 Earnings Call, Apr 29, 2015

Speedway Motorsports, Inc. Declares Quarterly Cash Dividend Payable on June 5, 2015

Speedway Motorsports Inc. on April 15, 2015 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on June 5, 2015 to shareholders of record at the close of business on May 15, 2015.

 

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Industry Analysis

TRK

Industry Average

Valuation TRK Industry Range
Price/Earnings 48.9x
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow 12.0x
TEV/Sales 0.9x
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