Speedway Motorsports Inc. (TRK) Announces Quarterly Dividend of $0.15
Speedway Motorsports (NYSE:TRK) announced a quarterly dividend on Thursday, October 17th, StockRatingsNetwork.com reports. Stockholders of record on Friday, November 15th will be paid a dividend of $0.15 per share on Friday, December 6th. This represents a $0.60 annualized dividend and a dividend yield of 3.10%.
TRK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Speedway Motorsports from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $18.30 price target on the stock. On the ratings front, analysts at Thomson Reuters/Verus downgraded shares of Speedway Motorsports from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Finally, analysts at TheStreet downgraded shares of Speedway Motorsports from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 22nd.
Speedway Motorsports (NYSE:TRK) traded up 0.73% during mid-day trading on Thursday, hitting $19.36. The stock had a trading volume of 10,214 shares. Speedway Motorsports has a 52-week low of $14.18 and a 52-week high of $19.86. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $18.07. The company’s market cap is $801.6 million.
Speedway Motorsports (NYSE:TRK) last released its earnings data on Wednesday, July 31st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.02. The company had revenue of $176.80 million for the quarter, compared to the consensus estimate of $181.80 million. On average, analysts predict that Speedway Motorsports will post $1.00 earnings per share for the current fiscal year.
Speedway Motorsports, Inc (NYSE:TRK) is a promoter, marketer and sponsor of motorsports activities in the United States.
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