Speedway Motorsports Upgraded by McLean Capital Management to “Neutral” (TRK)
Speedway Motorsports (NYSE:TRK) was upgraded by research analysts at McLean Capital Management from a “sell” rating to a “neutral” rating in a report released on Friday, StockRatingsNetwork reports.
Several other analysts have also recently commented on the stock. 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. Separately, 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 down 0.41% during mid-day trading on Friday, hitting $19.22. 5,569 shares of the company’s stock traded hands. Speedway Motorsports has a one year low of $14.18 and a one year 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 $795.8 million.
Speedway Motorsports (NYSE:TRK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters 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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, November 13th.
Speedway Motorsports, Inc (NYSE:TRK) is a promoter, marketer and sponsor of motorsports activities in the United States.
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