Speedway Motorsports (TRK) Announces Quarterly Earnings, Misses Estimates By $0.07 EPS
Speedway Motorsports (NYSE:TRK) issued its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.07, Analyst Ratings Network reports. The company had revenue of $137.50 million for the quarter, compared to the consensus estimate of $144.10 million.
A number of analysts have recently weighed in on TRK shares. Analysts at McLean Capital Management upgraded shares of Speedway Motorsports from a “sell” rating to a “neutral” rating in a research note to investors on Friday, October 25th. On the ratings front, 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. Finally, 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.
Shares of Speedway Motorsports (NYSE:TRK) opened at 19.45 on Wednesday. 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 $805.3 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 3.08%. 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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