Speedway Motorsports (NYSE:TRK) will be releasing its earnings data before the market opens on Wednesday, July 31st. Analysts expect Speedway Motorsports to post earnings of $0.47 per share for the quarter. Speedway Motorsports has set its FY 2019 guidance at $0.90-1.10 EPS.

Speedway Motorsports (NYSE:TRK) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.29. The company had revenue of $107.89 million for the quarter, compared to the consensus estimate of $74.35 million. Speedway Motorsports had a net margin of 10.63% and a return on equity of 5.62%. On average, analysts expect Speedway Motorsports to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TRK stock traded up $0.01 during trading on Monday, hitting $19.81. The company had a trading volume of 51,345 shares, compared to its average volume of 91,238. The stock has a market cap of $808.58 million, a price-to-earnings ratio of 19.81 and a beta of 0.94. Speedway Motorsports has a 52-week low of $13.47 and a 52-week high of $19.88. The firm has a 50 day moving average of $18.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.58 and a quick ratio of 1.48.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.03%. The ex-dividend date is Wednesday, August 14th. Speedway Motorsports’s dividend payout ratio is presently 60.00%.

A number of equities analysts have issued reports on TRK shares. Wells Fargo & Co reissued a “sell” rating on shares of Bausch Health Companies in a research report on Monday, July 15th. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th.

Speedway Motorsports Company Profile

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.

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Earnings History for Speedway Motorsports (NYSE:TRK)

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