Shares of Speedway Motorsports, Inc. (NYSE:TRK) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus price objective of $16.00 for the company and are predicting that the company will post $0.69 EPS for the current quarter, according to Zacks. Zacks has also assigned Speedway Motorsports an industry rank of 204 out of 256 based on the ratings given to related companies.
TRK has been the topic of several recent analyst reports. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd.
Shares of TRK stock traded up $0.08 during trading hours on Friday, hitting $18.73. The company had a trading volume of 13,728 shares, compared to its average volume of 29,737. The business’s fifty day moving average is $18.45. The company has a quick ratio of 1.48, a current ratio of 1.58 and a debt-to-equity ratio of 0.21. Speedway Motorsports has a fifty-two week low of $13.47 and a fifty-two week high of $18.93. The firm has a market capitalization of $761.62 million, a PE ratio of 18.73 and a beta of 0.94.
Speedway Motorsports (NYSE:TRK) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.29. Speedway Motorsports had a net margin of 10.63% and a return on equity of 5.62%. The firm had revenue of $107.89 million for the quarter, compared to analyst estimates of $74.35 million. Equities research analysts expect that Speedway Motorsports will post 0.95 earnings per share for the current year.
About Speedway Motorsports
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.
Featured Article: What Does Beta Mean In Stock Selection
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Speedway Motorsports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Speedway Motorsports and related companies with MarketBeat.com's FREE daily email newsletter.