Last $21.49 USD
Change Today -0.41 / -1.87%
Volume 93.6K
TRK On Other Exchanges
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Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

speedway motorsports inc (TRK) Snapshot

Open
$21.75
Previous Close
$21.90
Day High
$21.78
Day Low
$21.16
52 Week High
12/10/14 - $22.15
52 Week Low
10/7/14 - $16.45
Market Cap
888.1M
Average Volume 10 Days
55.2K
EPS TTM
$0.94
Shares Outstanding
41.3M
EX-Date
11/12/14
P/E TM
23.0x
Dividend
$0.60
Dividend Yield
2.80%
Current Stock Chart for SPEEDWAY MOTORSPORTS INC (TRK)

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speedway motorsports inc (TRK) Details

Speedway Motorsports, Inc., through its subsidiaries, operates as a promoter, marketer, and sponsor of motorsports activities in the United States. The company owns and operates 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. As of December 31, 2013, its racing facilities included total seating capacity of approximately 888,000 with 831 luxury suites. The company also licenses network television, cable television, and radio rights to broadcast racing events. In addition, the company provides event and non-event souvenir merchandising and distribution services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. Further, it distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel; manufactures and distributes modified racing cars and parts; sells tickets to motorsports races and other events; produces and sells environmentally-friendly micro-lubricant, as well as leases oil and gas mineral rights; and rents industrial park and offices. Speedway Motorsports, Inc. was founded in 1959 and is based in Concord, North Carolina.

805 Employees
Last Reported Date: 03/7/14
Founded in 1959

speedway motorsports inc (TRK) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $600.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $550.0K
Vice-Chairman, Chief Financial Officer, Princ...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

speedway motorsports inc (TRK) Key Developments

Speedway Motorsports Inc.'s Director, Robert L. Rewey, Passes Away

Speedway Motorsports Inc. announced that its director, Robert L. Rewey, passed away on Nov. 29, 2014. Rewey, served on the Speedway Motorsports Board of Directors since Nov. 8, 2001 following a distinguished 38-year career with Ford Motor Company.

Speedway Motorsports Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Earnings Guidance for the Year 2014

Speedway Motorsports Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $139,837,000 compared to $137,500,000 a year ago. Income from continuing operations before income taxes was $18,353,000 compared to $17,519,000 a year ago. Net income was $14,995,000 or $0.36 per basic and diluted share compared to $12,294,000 or $0.30 per basic and diluted share a year ago. The company believes that many of the company's revenue categories continue to be negatively impacted by the ongoing weak and uncertain economic conditions, including underemployment and high food and health-care costs. Non-GAAP net income was $11.5 million or $0.28 per diluted share in 2014 compared to $10.7 million or $0.26 per diluted share in 2013. For the nine months period, the company reported total revenues of $400,256,000 compared to $398,485,000 a year ago. Income from continuing operations before income taxes was $63,962,000 compared to loss from continuing operations before income taxes of $49,889,000 a year ago. Net income was $44,061,000 or $1.06 per basic and diluted share compared to net loss of $56,885,000 or $1.37 per basic and diluted share a year ago. Non-GAAP net income was $39.9 million or $0.96 per diluted share in 2014 compared to $35.8 million or $0.86 per diluted share in 2013. The company reaffirmed that third quarter 2014 results are consistent with its previous full year 2014 earnings guidance of $0.90-$1.10 per diluted share from continuing operations, excluding non-recurring and other special items.

Speedway Motorsports Inc., Q3 2014 Earnings Call, Oct 29, 2014

Speedway Motorsports Inc., Q3 2014 Earnings Call, Oct 29, 2014

 

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Industry Analysis

TRK

Industry Average

Valuation TRK Industry Range
Price/Earnings 10.0x
Price/Sales 1.8x
Price/Book 1.0x
Price/Cash Flow 6.0x
TEV/Sales 0.8x
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