Speedway Motorsports (NYSE:TRK) Getting Somewhat Positive News Coverage, Report Shows

News stories about Speedway Motorsports (NYSE:TRK) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Speedway Motorsports earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.5390632106902 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

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Separately, Zacks Investment Research lowered Speedway Motorsports from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th.

Shares of NYSE TRK opened at $17.85 on Friday. Speedway Motorsports has a twelve month low of $16.80 and a twelve month high of $23.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.39. The stock has a market capitalization of $721.85, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05.

Speedway Motorsports (NYSE:TRK) last issued its earnings results on Wednesday, March 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $76.41 million for the quarter, compared to analysts’ expectations of $82.63 million. Speedway Motorsports had a net margin of 31.30% and a return on equity of 4.48%. research analysts forecast that Speedway Motorsports will post 1.1 EPS for the current fiscal year.

Speedway Motorsports announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 7th that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.36%. The ex-dividend date was Wednesday, February 28th. Speedway Motorsports’s dividend payout ratio is presently 65.93%.

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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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