Ferrari N.V. (RACE)

NYSE: RACE · IEX Real-Time Price · USD
368.91
+0.64 (0.17%)
Nov 29, 2023, 9:43 AM EST - Market open
0.17%
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]

IPO Date Oct 21, 2015
Employees 4,919
Stock Exchange NYSE
Ticker Symbol RACE
Full Company Profile

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 Statements

Analyst 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.

Price Target
$322.88
(-12.33% downside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

1 day ago - GlobeNewsWire

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.

6 days ago - Bloomberg Markets and Finance

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...

13 days ago - Business Wire

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...

13 days ago - Business Wire

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.

14 days ago - CNBC Television

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.

15 days ago - Skynews

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...

15 days ago - Reuters

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...

15 days ago - GlobeNewsWire

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.

15 days ago - Forbes

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...

19 days ago - Business Wire

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...

21 days ago - GlobeNewsWire

Cramer's Stop Trading: Ferrari

CNBC's Jim Cramer explains why he is keeping an eye on shares of Ferrari.

22 days ago - CNBC Television

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...

27 days ago - Invezz

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...

27 days ago - Reuters

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.

27 days ago - CNBC

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...

27 days ago - Reuters

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...

27 days ago - GlobeNewsWire

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.

4 weeks ago - Reuters

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...

5 weeks ago - GlobeNewsWire

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.

6 weeks ago - Yahoo Finance

Ferrari announces it will accept crypto for its supercars

CNBC's Robert Frank reports on news from Bitcoin.

6 weeks ago - CNBC Television

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% ...

6 weeks ago - Market Watch

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...

6 weeks ago - PYMNTS

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...

6 weeks ago - Reuters

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...

7 weeks ago - Bloomberg Markets and Finance