18.58 0.00 (0.00%)
After hours: 5:53PM EDT
|Bid||18.60 x 1200|
|Ask||18.65 x 1400|
|Day's Range||18.54 - 18.72|
|52 Week Range||13.47 - 18.84|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||14.79|
|Forward Dividend & Yield||0.60 (3.30%)|
|1y Target Est||N/A|
Eric Kuby of North Star Investment Management explains why he is positive on stocks like Speedway Motorsports, CatchMark Timber and Monmouth Real Estate.
A rebate from Duke Energy made a difference in the decision to install 960 solar panels overlooking the fourth turn at Charlotte Motor Speedway. How important can such programs be for other types of projects?
Locally based racetrack operator Speedway Motorsports is trying to upgrade the fan experience in the lead up to the 60th running of the Coca-Cola 600.
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On a per-share basis, the Concord, North Carolina-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, came to 22 cents per share. The racetrack operator posted ...
The majority owners of Speedway Motorsports offered this week to buy the company’s outstanding shares, with plans to take it private.
The parent company of Speedway Motorsports Inc. has made an offer to acquire all of its outstanding common stock, the second move of its kind involving one of the key racetrack operators in NASCAR in the past five months. Sonic Financial Corp. has offered to buy back all outstanding SMI stock for $18 per share. Bruton Smith is the founder and majority stakeholder in SMI, which operates eight tracks that host NASCAR Cup Series races.
Motorsport.com reported Wednesday that Sonic's offer is similar to one made made in 2018 by NASCAR to buy outstanding shares of International Speedway Corp (NASDAQ: ISCA) another publicly traded NASCAR track operator.
Sonic Financial Corp., owned by Bruton Smith and his family, is trying to take Concord-based Speedway Motorsports Inc. private with a nearly $735 million offer. Another of his sons, David Smith, is CEO of Charlotte-based Sonic Automotive Inc. (NYSE: SAH). In response to the buyout offer, Speedway Motorsports' board of directors has created a special committee to evaluate the proposed deal and suggest actions to the full board.
Shares of Speedway Motorsports Inc. shot up 33% toward an 13-month high in morning trade Wednesday, enough to pace the NYSE's gainers, after the racetrack owner and operator said it received a buyout bid from Sonic Financial Corp. that values the company at about $734.6 billion. Sonic is Speedway's largest shareholder, with 58% of the shares outstanding, according to FactSet. Sonic is offering to pay $18 for each Speedway share outstanding that it doesn't already own, a 29% premium to Tuesday's closing price of $13.94. Speedway said it has formed a special committee of independent directors to consider the buyout proposal. The stock has now gained 1.8% over the past 12 months, while the Dow Jones Industrial Average has climbed 11%.
Marcus Smith became the CEO of Speedway Motorsports, Inc. (NYSE:TRK) in 2015. First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the growth in the...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Speedway Motorsports, Inc. (NYSE:TRK) is a small-cap stock with a market capitalization of US$574m. While investors primarily...
The dividend yield of Speedway Motorsports Inc stocks is 3.77%. Speedway Motorsports Inc had annual average EBITDA growth of 2.50% over the past five years. Warning! GuruFocus has detected 3 Warning Signs with TRK.
CONCORD, N.C. (AP) _ Speedway Motorsports Inc. (TRK) on Wednesday reported a fourth-quarter loss of $12.4 million, after reporting a profit in the same period a year earlier. Speedway expects full-year earnings in the range of 90 cents to $1.10 per share, with revenue in the range of $450 million to $470 million. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Today we are going to look at Speedway Motorsports, Inc.Read More...
Over the past 10 years Speedway Motorsports, Inc. (NYSE:TRK) has been paying dividends to shareholders. The stock currently pays out a dividend yield of 3.8%, and has a market cap Read More...
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]