Ferrari N.V. (RACE)
| Market Cap | 66.58B |
| Revenue (ttm) | 6.19B |
| Net Income (ttm) | 1.25B |
| Shares Out | 180.63M |
| EPS (ttm) | 7.13 |
| PE Ratio | 51.92 |
| Forward PE | 35.21 |
| Dividend | $2.00 (0.54%) |
| Ex-Dividend Date | Apr 24, 2023 |
| Volume | 19,240 |
| Open | 368.46 |
| Previous Close | 368.27 |
| Day's Range | 368.41 - 369.46 |
| 52-Week Range | 209.88 - 369.91 |
| Beta | 0.98 |
| Analysts | Buy |
| Price Target | 322.88 (-12.33%) |
| Earnings Date | Nov 2, 2023 |
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 2022, Ferrari's revenue was 5.10 billion, an increase of 19.30% compared to the previous year's 4.27 billion. Earnings were 932.61 million, an increase of 12.26%.
Financial numbers in EUR Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for RACE stock is "Buy." The 12-month stock price forecast is $322.88, which is a decrease of -12.33% from the latest price.
News
Ferrari N.v.: Periodic Report on the Buyback Program
Maranello (Italy), November 27, 2023 – 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 ...
Ferrari CEO on new EV, Sustainability and Surging Demand
Francine Lacqua sits down with Benedetto Vigna, CEO of Ferrari. Vigna is overseeing a new era, as the iconic carmaker, famous for its roaring engine, transitions to electric.
The ZCG / Scuderia Ferrari Fan Zone Hosted at Silver Sevens Hotel & Casino to Include Exclusive Appearances by Scuderia Ferrari Official Driver Charles Leclerc, Team Manager & General Manager Fred Vasseur, and Reserve Driver Robert Shwartzman
LAS VEGAS--(BUSINESS WIRE)--ZCG, Team Partner of Scuderia Ferrari, announced today the exciting activities dedicated to race fans which will take place at the ZCG/Scuderia Ferrari Team Partner Fan Zon...
The ZCG / Scuderia Ferrari Fan Zone Hosted at Silver Sevens Hotel & Casino to Include Exclusive Appearances by Scuderia Ferrari Offical Driver Charles Leclerc, Team Manager & General Manager Fred Vasseur, and Reserve Driver Robert Shwartzman
LAS VEGAS--(BUSINESS WIRE)--ZCG, Team Partner of Scuderia Ferrari, announced today the exciting activities dedicated to race fans which will take place at the ZCG/Scuderia Ferrari Team Partner Fan Zon...
This Ferrari GTO from 1962 just sold for record-breaking $51.7 million at auction
This car, chassis no. 3765, has become the most valuable Ferrari ever sold at auction and has the second-highest price ever achieved for any car at auction.
Iconic 1962 race car becomes most expensive Ferrari ever sold at auction
A 1962 Ferrari has sold for a record $51.7m (£42m) at a Sotheby's auction in New York.
Ferrari to hire 250 in first half of next year, launch employee share plan
Luxury sportscar maker Ferrari said on Monday it would hire 250 people in the first six months of next year and announced progammes for workers including a new share ownership plan and an enhanced bon...
Ferrari: New Hires and New Initiatives for Its People
Maranello, 13 November 2023 – Ferrari announces 250 new hires in the first six months of 2024, half of which should be confirmed in January, and will also launch a series of initiatives to provide eve...
Ferrari Reports Improved Profits, Expects Even More
Ferrari races along, relentlessly making more money. After improving profits, it raised its forecast for the year, and analysts expect bottom line health to continue.
Rock & Roll Hall of Famer Sammy Hagar to Auction One-of-One 2015 Ferrari LaFerrari at Flagship Barrett-Jackson Scottsdale Auction, January 20-28
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #barrettjackson--Barrett-Jackson, The World's Greatest Collector Car Auctions, will auction a highly desirable, one-of-one 2015 Ferrari LaFerrari owned by legendar...
Ferrari N.V.: Announcement of the Fourth Tranche of the Multi-Year Share Repurchase Program
Maranello (Italy), November 7, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces its intention to continue its multi-year share buyback program of approximately Euro 2 billio...
Cramer's Stop Trading: Ferrari
CNBC's Jim Cramer explains why he is keeping an eye on shares of Ferrari.
Don't buy Aston Martin shares: buy this stock instead if you can
Aston Martin Lagonda (LON: AML) share price has been in a freefall after the company published weak financial results. The stock plunged to a low of 176.4p this week, down by more than 54% from the hi...
Ferrari deploys electronic device testing technique to speed EV car development
Ferrari is relying on a technique normally used for tests of electronic devices to accelerate the development of its first fully electric car, which is expected in late 2025, Chief executive Benedetto...
Ferrari again raises guidance as customers opt for high-priced, personalized sports cars
Ferrari raised guidance after its third-quarter profit surged 46% year over year. Its customers continue to load up their new Ferraris with expensive options.
Ferrari nudges ups forecasts for FY again after beating estimates in Q3
Luxury sports car maker Ferrari on Thursday slightly raised its forecasts for its full-year core earnings, after beating estimates with its third quarter results thanks to strong pricing power and pro...
ANOTHER RECORD QUARTER SUSTAINING UPWARD REVISED YEAR-END OUTLOOK
“Another record quarter with profit growth driven by an even richer mix and by the continuing appeal of personalizations leading us to increase year-end guidance. The order book remains at highest lev...
Ferrari has no current plans to move registered office from the Netherlands
Luxury sports carmaker Ferrari has no plans to transfer its registered office from the Netherlands at the moment, a spokesperson for the company said on Wednesday.
Ferrari N.V.: Completion of the Third Tranche of the Multi-Year Share Repurchase Program
Maranello (Italy), October 23, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on J...
Ferrari woos buyers with newer models, now accepting crypto
Ferrari (RACE) is hosting a gala in New York City's Hudson Yards complex. While showcasing some of their historic vehicles, the automaker is also attempting to reach potentially new clientele.
Ferrari announces it will accept crypto for its supercars
CNBC's Robert Frank reports on news from Bitcoin.
Millions (or less) in Bitcoin and other crypto will now buy you a Ferrari
Space travel, luxury watches and Starbucks all fall under the category of what consumers can buy with cryptocurrencies these days. Add Italian luxury sports cars to that list, as Ferrari RACE, +1.28% ...
Ferrari Hopes Crypto Payments Can Widen Customer Base
Ferrari has reportedly begun accepting cryptocurrency payments for its vehicles in the U.S. That's according to a Saturday (Oct. 14) report by Reuters, citing comments from the luxury carmaker's marke...
Ferrari to accept crypto as payment for its cars in the US
Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and com...
Ferrari CEO Vigna on Fully Electric Model Prototype
"I like it a lot." Ferrari NV Chief Executive Officer Benedetto Vigna shares his take on the prototype of the Italian luxury automaker's first fully electric supercar that is scheduled to debut in 202...