Dover Motorsports, Inc. (DVD) Announces Earnings Results
Dover Motorsports, Inc. (NYSE:DVD) issued its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Dover Motorsports had a return on equity of 8.01% and a net margin of 8.30%. The business had revenue of $2.74 million during the quarter.
Shares of Dover Motorsports (NYSE:DVD) traded down 2.50% on Friday, hitting $1.95. The stock had a trading volume of 9,544 shares. The firm’s 50-day moving average price is $2.08 and its 200 day moving average price is $2.08. Dover Motorsports has a 12 month low of $1.80 and a 12 month high of $2.50. The firm has a market cap of $71.94 million, a P/E ratio of 18.57 and a beta of 0.46.
The company also recently disclosed an annual dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 10th will be given a dividend of $0.08 per share. This is a positive change from Dover Motorsports’s previous annual dividend of $0.05. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 4%. Dover Motorsports’s dividend payout ratio (DPR) is presently 50.00%.
Separately, TheStreet upgraded Dover Motorsports from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th.
About Dover Motorsports
Dover Motorsports, Inc is a marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee. The Dover International Speedway is located in Dover, Delaware, on approximately 770 acres of land.
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