Speedway Motorsports Inc. (TRK, Financial) filed Quarterly Report for the period ended 2012-06-30.
Speedway Motorsports, Inc. has a market cap of $683.7 million; its shares were traded at around $15.2 with a P/E ratio of 15.4 and P/S ratio of 1.4. The dividend yield of Speedway Motorsports, Inc. stocks is 3.6%. Speedway Motorsports, Inc. had an annual average earning growth of 2.5% over the past 10 years.
Other Operating Revenue for the three months ended June 30, 2012 increased by $806,000, or 10.8%, over such revenue for the same period last year. This increase reflects TMS oil and gas mineral rights revenue (none was recognized in 2011) and higher Oil-Chem revenues in the current period as compared to the same period last year.
Other Direct Operating Expense for the three months ended June 30, 2012 decreased by $586,000, or 10.3%, from such expense for the same period last year. This decrease is due to lower operating costs associated with non-event souvenir merchandising revenues and a combination of individually insignificant items in the current period.
Total Revenues for the six months ended June 30, 2012 increased by $26.1 million, or 10.9%, over such revenues for the same period last year due to the factors discussed below.
Other Operating Revenue for the six months ended June 30, 2012 increased by $2.0 million, or 13.5%, over such revenue for the same period last year. This increase reflects TMS oil and gas mineral rights revenue (none was recognized in 2011) and, to a lesser extent, higher Oil-Chem revenues in the current period as compared to the same period last year. The overall increase was partially offset by lower non-event souvenir merchandising revenues in the current period.
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Speedway Motorsports, Inc. has a market cap of $683.7 million; its shares were traded at around $15.2 with a P/E ratio of 15.4 and P/S ratio of 1.4. The dividend yield of Speedway Motorsports, Inc. stocks is 3.6%. Speedway Motorsports, Inc. had an annual average earning growth of 2.5% over the past 10 years.
Highlight of Business Operations:
Total Revenues for the three months ended June 30, 2012 increased by $27.9 million, or 18.3%, over such revenues for the same period last year due to the factors discussed below.Other Operating Revenue for the three months ended June 30, 2012 increased by $806,000, or 10.8%, over such revenue for the same period last year. This increase reflects TMS oil and gas mineral rights revenue (none was recognized in 2011) and higher Oil-Chem revenues in the current period as compared to the same period last year.
Other Direct Operating Expense for the three months ended June 30, 2012 decreased by $586,000, or 10.3%, from such expense for the same period last year. This decrease is due to lower operating costs associated with non-event souvenir merchandising revenues and a combination of individually insignificant items in the current period.
Total Revenues for the six months ended June 30, 2012 increased by $26.1 million, or 10.9%, over such revenues for the same period last year due to the factors discussed below.
Other Operating Revenue for the six months ended June 30, 2012 increased by $2.0 million, or 13.5%, over such revenue for the same period last year. This increase reflects TMS oil and gas mineral rights revenue (none was recognized in 2011) and, to a lesser extent, higher Oil-Chem revenues in the current period as compared to the same period last year. The overall increase was partially offset by lower non-event souvenir merchandising revenues in the current period.
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