18.25 -0.18 (-1.00%)
After hours: 4:52PM EDT
|Bid||18.40 x 1400|
|Ask||18.43 x 900|
|Day's Range||18.20 - 18.49|
|52 Week Range||13.47 - 18.84|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||14.67|
|Earnings Date||Oct 24, 2017 - Oct 30, 2017|
|Forward Dividend & Yield||0.60 (3.27%)|
|1y Target Est||16.00|
Charlotte Motor Speedway is trying to upgrade the fan experience in the lead up to the 60th running of the Coca-Cola 600 as admissions revenues drop for Speedway Motorsports Inc.
CONCORD, N.C., May 20, 2019 -- Speedway Motorsports, Inc. (“SMI” or the “Company”) (NYSE: TRK) today announced that the Special Committee (the “Special Committee”) of its Board.
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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 ...
CONCORD, N.C., May 01, 2019 -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported first quarter 2019 total revenues of $107.9 million, net income of $8.6 million or.
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%.
Speedway Motorsports, Inc. (“SMI” or the “Company”) (TRK) announced that on April 23, 2019, its Board of Directors (the “Board”) received a non-binding proposal from Sonic Financial Corporation (a company owned and controlled by O. Bruton Smith and his family) (“Sonic Financial”), to acquire all of the outstanding shares of common stock of the Company, other than the shares held by Sonic Financial, O. Bruton Smith, his family and entities controlled by Mr. Smith and his family (collectively, the “Smith Group”), for cash consideration of $18.00 per share. A copy of Sonic Financial’s non-binding proposal letter is attached as Exhibit 99.1 to the Company’s Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission today.
CONCORD, N.C., April 23, 2019 -- Speedway Motorsports, Inc. (NYSE: TRK), a leading marketer, promoter and sponsor of motorsports entertainment, will host its quarterly.
CONCORD, N.C., April 23, 2019 -- Speedway Motorsports, Inc. (SMI) (NYSE:TRK) on April 23, 2019 declared a quarterly cash dividend of 15 cents per share of common stock. The.
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.
CONCORD, N.C., March 13, 2019 -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported fourth quarter 2018 total revenues of $56.4 million, a net loss of $12.4 million or.