Somewhat Positive Press Coverage Somewhat Unlikely to Affect Speedway Motorsports (TRK) Stock Price
Headlines about Speedway Motorsports (NYSE:TRK) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Speedway Motorsports earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.0761629599407 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Speedway Motorsports: Fade The Gains Off A Weak Earnings ‘Beat’ – Speedway Motorsports, Inc. (NYSE:TRK) (screenny.com)
- BidaskClub Upgrades Speedway Motorsports, Inc. (TRK) to “Buy” (americanbankingnews.com)
- Analysts Expect Speedway Motorsports, Inc. (NYSE:TRK) Will Post Earnings of $0.32 Per Share (americanbankingnews.com)
- Analyzing Speedway Motorsports (NYSE:TRK) and Dover Motorsports (DVD) (americanbankingnews.com)
- Speedway Motorsports, Inc. :TRK-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
Shares of Speedway Motorsports (NYSE:TRK) traded down 1.32% on Monday, hitting $21.62. The company’s stock had a trading volume of 11,122 shares. The stock’s 50-day moving average price is $18.60 and its 200-day moving average price is $19.20. Speedway Motorsports has a 52 week low of $16.73 and a 52 week high of $22.28. The firm has a market cap of $886.44 million, a price-to-earnings ratio of 22.59 and a beta of 0.84.
Speedway Motorsports (NYSE:TRK) last released its earnings results on Wednesday, July 26th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $179.25 million during the quarter. Speedway Motorsports had a return on equity of 5.33% and a net margin of 7.66%. Equities analysts expect that Speedway Motorsports will post $0.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. Speedway Motorsports’s payout ratio is 62.50%.
A number of brokerages have issued reports on TRK. Zacks Investment Research cut Speedway Motorsports from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. BidaskClub raised Speedway Motorsports from a “hold” rating to a “buy” rating in a report on Thursday. TheStreet cut Speedway Motorsports from a “b-” rating to a “c+” rating in a report on Tuesday, May 23rd. Finally, Macquarie raised Speedway Motorsports from an “underperform” rating to a “neutral” rating in a report on Friday, May 5th. They noted that the move was a valuation call.
About Speedway Motorsports
Speedway Motorsports, Inc (SMI), through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company’s operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.
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