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Speedway Motorsports (TRK) Company Profile

Updated Aug 8, 2019
Speedway Motorsports has the following business profile:
Company's Full Name:Speedway Motorsports, Inc.
Short Name:Speedway Motorsports
Trading Ticker Symbol:TRK
Primary Exchange:NYSE
Headquarter City/Country:North Carolina, NC
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Amusement and Recreation
Main Business Areas: Consumer Services, Amusement and Recreation, Consumer Cyclical, Leisure
Dividend Payments:Dividend History

Market and Trading Information for Speedway Motorsports

The following details were available for trading and market data about the stock of Speedway Motorsports as of writing:
Current Share Price:$19.82
Previous Year's Closing Price:$16.27
Percentage Price Change (YTD):21.82%
Market Cap:$809.72 million
52-week Price Range:$13.47 - $19.9
Dividend Per Share:$0.6
EPS (TTM):0.93
Price-Earnings (Trailing):21.33
Price-Earnings (Forward):21.78

Company Profile and Business Description for Speedway Motorsports

Speedway Motorsports, Inc. (SMI), incorporated on December 20, 1994, through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company's operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States. Its segments include motorsports event related and all other. Its motorsports event related segment consists of National Association for Stock Car Auto Racing, Inc. (NASCAR) broadcasting and event motorsports merchandising activities. The motorsports event related segment includes motorsports related events and operations for all the Company speedways, NASCAR broadcasting and ancillary media rights, Performance Racing Network (PRN), and Speedway Motorsports, Inc. (SMI) Properties and SMI Trackside motorsports merchandising at Company and non-Company speedways.

The Company's all other operations consist of SMIP subsidiary non-event motorsports and non-motorsports merchandising, US Legend Cars International subsidiary (Legend Cars) non-event merchandising and sanctioning body activities, Oil-Chem micro-lubricant activities, Texas Motor Speedway (TMS) natural gas mineral rights lease and related revenues, and office rentals at certain Company speedways. Its all other operations also consists of expenses associated with collegiate football games.

The Company owns and operates racing facilities in media markets in the United States through its subsidiaries: Atlanta Motor Speedway (AMS), Bristol Motor Speedway (BMS), Charlotte Motor Speedway (CMS), Kentucky Speedway (KyS), Las Vegas Motor Speedway (LVMS), New Hampshire Motor Speedway (NHMS), Sonoma Raceway (SR) and Texas Motor Speedway (TMS). The Company also provides souvenir merchandising, including screen-printing and embroidery, and food, beverage and hospitality catering services through its SMI Properties subsidiaries; provides radio programming, production and distribution through its PRN subsidiary; distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel through its SMI Properties and SMI Trackside subsidiaries, and manufactures and distributes smaller-scale, modified racing cars and parts through its Legend Cars.

The Company engages in licensing of network television, cable television and radio rights to broadcast racing events; sales of tickets to motorsports races and other events held at its speedways; sales of sponsorships and promotions to companies desiring to advertise or sell their products or services surrounding its events; commissions earned on sales of food, beverages and hospitality catering (through a third-party concessionaire); event sales and commissions from motorsports souvenir merchandise; rental of luxury suites during events and other track facilities; tracking rentals for motorsports and non-motorsports events and activities and driving schools; sales of smaller-scale, modified racing cars and parts; radio motorsports programming, production and distribution, and non-event sales of wholesale and retail racing and other sports-related souvenir merchandise and apparel. At December 31, 2016, its total permanent seating capacity was approximately 784,000, with 760 luxury suites.

The Company competes with International Speedway Corporation.

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Peer / Competitor Companies of Amusement and Recreation Sector

Along with Speedway Motorsports, Inc., the following other peer (competitor) companies also exist within the same Amusement and Recreation - Consumer Services sector whose company profile and dividend history is as follows:

▶ 500.com (WBAI): 500.com Limited, through its subsidiaries, provides online gaming services primarily in the People's Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto....See Detailed Company Profile  and Dividend History.

▶ Alliance MMA (AMMA): Alliance MMA, Inc. is a mixed martial arts organization offering the premier developmental league for mixed martial arts (MMA) fighters to advance to the sports highest level of professional competition. ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Alliance Partnership (AAPC): Atlantic Alliance Partnership Corp., incorporated on January 14, 2015, is a blank check company. The Company is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction ....See Detailed Company Profile  and Dividend History.

▶ Canterbury Park Holding (CPHC): Canterbury Park Holding Corporation, incorporated on March 24, 1994, conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park Racetrack and Card Casino facility in Shakopee, Minnesota. ....See Detailed Company Profile  and Dividend History.

▶ Cedar Fair (FUN): Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water p....See Detailed Company Profile  and Dividend History.

▶ Churchill Downs (CHDN): Churchill Downs Incorporated, incorporated on February 17, 1937, is a racing, gaming and online entertainment company. The Company is engaged in brick-and-mortar casino gaming with approximately 9,030 gaming positions in ....See Detailed Company Profile  and Dividend History.

▶ Dover Downs Gaming and Entertainment (DDE): Dover Downs Gaming & Entertainment, Inc., incorporated on November 16, 2001, is a holding company. The Company, through its subsidiaries, operates gaming and entertainment resort destination. The Company operates through ....See Detailed Company Profile  and Dividend History.

▶ Dover Motorsports (DVD): Dover Motorsports, Inc., incorporated on August 1, 1994, is a marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates Dover International ....See Detailed Company Profile  and Dividend History.

▶ Golden Entertainment (GDEN): Golden Entertainment, Inc., incorporated on June 18, 1998, is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. The Company ....See Detailed Company Profile  and Dividend History.

▶ Iao Kun Holding (IKGH): ....See Detailed Company Profile  and Dividend History.

▶ International Game Technology (IGT): International Game Technology PLC (IGT PLC), incorporated on July 11, 2014, is an end-to-end gaming company. The Company is engaged in operating and providing an integrated portfolio of technology products ....See Detailed Company Profile  and Dividend History.

▶ International Speedway (ISCA): International Speedway Corporation, incorporated on May 7, 1953, is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Companys motorsports themed ....See Detailed Company Profile  and Dividend History.

▶ Intrawest Resorts (SNOW): Intrawest Resorts Holdings, Inc., incorporated on August 30, 2013, is a mountain resort, adventure and real estate company. The Company operates through three segments: Mountain, Adventure and Real Estate. As ....See Detailed Company Profile  and Dividend History.

▶ Live Nation Entertainment (LYV): Live Nation Entertainment, Inc. (Live Nation), incorporated on August 2, 2005, is a live entertainment company. The Companys businesses consist of the promotion of live events, including ticketing, sponsorship and ....See Detailed Company Profile  and Dividend History.

▶ Manchester United (MANU): Manchester United plc, incorporated on April 30, 2012, is engaged in the operation of a professional football club together with related and ancillary activities. The Companys football operations primarily comprise ....See Detailed Company Profile  and Dividend History.

▶ MSG Networks (MSG): The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainmen....See Detailed Company Profile  and Dividend History.

▶ Nevada Gold and Casinos (UWN): Nevada Gold & Casinos, Inc., incorporated on April 7, 1977, is a gaming company involved in financing, developing, owning and operating gaming properties and projects. The Companys segments include Washington, ....See Detailed Company Profile  and Dividend History.

▶ SeaWorld Entertainment (SEAS): SeaWorld Entertainment, Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld br....See Detailed Company Profile  and Dividend History.

▶ Six Flags Entertainment New (SIX): Six Flags Entertainment Corporation (Six Flags), incorporated on December 9, 1997, is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 ....See Detailed Company Profile  and Dividend History.

▶ Vail Resorts (MTN): Vail Resorts, Inc., incorporated on October 15, 1985, is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Companys Mountain segment operates over 10 ....See Detailed Company Profile  and Dividend History.

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