Ferrari N.V. (RACE)
| Market Cap | 74.64B |
| Revenue (ttm) | 6.66B |
| Net Income (ttm) | 1.42B |
| Shares Out | 180.12M |
| EPS (ttm) | 7.76 |
| PE Ratio | 52.84 |
| Forward PE | 49.75 |
| Dividend | $2.60 (0.63%) |
| Ex-Dividend Date | Apr 22, 2024 |
| Volume | 200,181 |
| Open | 406.38 |
| Previous Close | 410.24 |
| Day's Range | 405.96 - 414.38 |
| 52-Week Range | 285.02 - 442.80 |
| Beta | 1.01 |
| Analysts | Buy |
| Price Target | 421.25 (+1.66%) |
| Earnings Date | Aug 1, 2024 |
About RACE
Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in... [Read more]
Financial Performance
In 2023, Ferrari's revenue was 5.97 billion, an increase of 17.17% compared to the previous year's 5.10 billion. Earnings were 1.25 billion, an increase of 34.25%.
Financial numbers in EUR Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for RACE stock is "Buy." The 12-month stock price forecast is $421.25, which is an increase of 1.66% from the latest price.
News
Ferrari launches battery replacement scheme to preserve performance, value of its cars
Luxury sports car maker Ferrari on Monday announced two new warranty extension schemes allowing owners of its hybrid models to have the batteries of their vehicles replaced at given times.
Ferrari N.V.: Completion of the Fourth Tranche and Announcement of the Fifth Tranche of the Multi-Year Share Repurchase Program
Maranello (Italy), June 28, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on Nove...
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), June 24, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on Nove...
Ferrari (RACE) Gets Into The E.V. Game
The new Ferrari (RACE) factory in Italy is set to house both the E.V. and hybrid production.
Ferrari Unveils New EV Factory in Italy
Ferrari has unveiled a new factory in Italy where it build the company's first all-electric supercar. The site in Maranello will also make hybrid models and cars powered by combustion engines.
Ferrari says new plant will boost flexibility, shorten car development times
Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxur...
Why I Can't Bring Myself to Buy Ferrari
I have been neutral on Ferrari NV (RACE, Financial) for some time. However, with momentum dwindling and the stock's valuation unjustifiable in my view, I am expecting to see the car company give back ...
Ferrari to unveil new 'e-building': Here's what to know
CNBC's Robert Frank joins 'Squawk Box' to discuss the latest news from Ferrari.
Ferrari's first electric car reportedly to cost whopping $500K: ‘Increasing demand out there'
The price tag, which doesn't include features and personal touches that typically add 15-20%, is well above the average sale price of around 350,000 euros, including extras, for a Ferrari in the first...
Exclusive: Ferrari's first electric car to cost over $500,000, source says
Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model - an...
Ferrari's New Electric Supercar 'Unique': CEO
Ferrari CEO Benedetto Vigna is confident the manufacturer's first fully electric supercar can sell just as well as its roaring combustion-engine models. In an exclusive interview with Bloomberg's Fran...
China EV Rivalry a 'Call to Action' For Europe: Ferrari CEO
Ferrari CEO Benedetto Vigna says the trade spat with China over electric vehicles is a 'call to action' for Europe. Tensions between China and Europe are growing as a deadline approaches for the Europ...
China Market Needs to 'Mature': Ferrari CEO
Ferrari CEO Benedetto Vigna says the Chinese market needs more time to mature. In an exclusive interview with Bloomberg's Francine Lacqua, Vigna said China sales won't top 10% and the country isn't be...
Ferrari CEO Vigna on Electric Car Plans, China Market Share
Ferrari CEO Benedetto Vigna discusses the luxury carmaker's electric-vehicle plans and the luxury autos market in China, which he says needs more time to mature. Ferrari's first fully electric car — t...
FERRARI ANNOUNCES SETTLEMENT OF ITS NOTES OFFERING
corporate. ferrari.com Maranello (Italy), 21 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces the settlement of the offering, previously announced, of Euro 500 million in aggregate principal amount ...
Ferrari Pricing of Issue of Notes
Maranello (Italy), 14 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) (the “Issuer”) today announces the pricing of a Euro 500 million issue of notes due in May 2030 (the “Notes”), being well over two times ...
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
M aranello (Italy), May 13 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on Novem...
Ferrari Announces Offering of Notes
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PE...
Ferrari Falls Despite Earnings Beat as Shipments Remain Flat
Ferrari (RACE) shares fell in intraday trading Tuesday after the luxury car maker's shipped vehicles were roughly flat in the first quarter, even as earnings topped expectations.
Ferrari reports double digit profits and revenues in earnings today, reaffirms 2024 guidance
Luxury supercar maker Ferrari reported positive earnings for Q1 2024 today, proving that companies which cater to the rich and famous have had far less of the inflationary pressures of other brands. E...
Ferrari's core earnings rose in Q1, sticks to FY guidance
Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year as the luxury sports car maker was supported by pricing power and product mix, as well as by a greater contribution ...
Robust Mix Sustained a Strong Start to the Year
Robust Mix Sustained a Strong Start to the Year Net revenues of Euro 1,585 million, up 10.9% versus prior year, with total shipments of 3,560 units $1flat versus Q1 2023 Adjusted EBIT(1) of Euro 442 m...
HP CEO on multi-year partnership with Ferrari
HP CEO Enrique Lores joins 'Money Movers' to discuss HP's title partnership with Ferrari, how the partnership with Ferrari works, and more.
Ferrari appeals to traditional base with two new V12 cars
Luxury sports car maker Ferrari has unveiled two new models, the 12Cilindri and the 12Cilindri Spider, appealing to lovers of its most powerful roaring petrol engines.
Ferrari enters into a partnership agreement with HP
Maranello (Italy), April 24, 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces that Ferrari S.p.A., wholly-owned Italian subsidiary of Ferrari N.V., today has signed a multiyear partnership agreement wit...