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Last $19.54 USD
Change Today +0.14 / 0.72%
Volume 25.2K
TRK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

speedway motorsports inc (TRK) Snapshot

Open
$19.26
Previous Close
$19.40
Day High
$19.67
Day Low
$19.21
52 Week High
04/21/15 - $25.66
52 Week Low
10/7/14 - $16.45
Market Cap
806.8M
Average Volume 10 Days
55.9K
EPS TTM
$0.61
Shares Outstanding
41.3M
EX-Date
08/12/15
P/E TM
32.1x
Dividend
$0.60
Dividend Yield
3.07%
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 Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Full Year of 2015

Speedway Motorsports Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of USD 179,321,000 compared to USD 175,877,000 a year ago. Loss before income taxes was USD 52,881,000 compared to income before income taxes of USD 42,573,000 a year ago. Net loss was USD 32,224,000 compared to net income of USD 27,199,000 a year ago. Basic and diluted loss per share was USD 0.78 compared to basic and diluted earnings per share of USD 0.66 a year ago. Non-GAAP net income was USD 28,234,000 or USD 0.68 per diluted share compared to USD 27,305,000 or USD 0.66 per diluted share a year ago. For the six months, the company reported total revenues of USD 264,595,000 compared to USD 260,419,000 a year ago. Loss before income taxes was USD 59,599,000 compared to income before income taxes of USD 45,541,000 a year ago. Net loss was USD 36,623,000 compared to net income of USD 29,066,000 a year ago. Basic and diluted loss per share was USD 0.89 compared to basic and diluted earnings per share of USD 0.70 a year ago. Non-GAAP net income was USD 30,163,000 or USD 0.73 per diluted share compared to USD 28,381,000 or USD 0.69 per diluted share a year ago. Capital expenditures were USD 13.1 million. The company reaffirmed that second quarter 2015 results are consistent with its previous full year 2015 earnings guidance of USD 0.90 to USD 1.10 per diluted share, excluding non-recurring and other special items. The range of earnings guidance reflects the continuing negative impact of uncertain economic conditions, among other factors. The company still estimates that CapEx will approximate USD 20 million or USD 30 million.

Speedway Motorsports Inc., Q2 2015 Earnings Call, Jul 29, 2015

Speedway Motorsports Inc., Q2 2015 Earnings Call, Jul 29, 2015

Speedway Motorsports, Inc. Declares Quarterly Cash Dividend, Payable on September 4, 2015

Speedway Motorsports Inc. on July 15, 2015 declared a quarterly cash dividend of 15 cents per share of common stock. The quarterly dividend will be payable on September 4, 2015 to shareholders of record at the close of business on August 14, 2015.

 

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Industry Analysis

TRK

Industry Average

Valuation TRK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow 44.1x
TEV/Sales 0.7x
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