Ferrari N.V. (RACE)
| Market Cap | 82.06B |
| Revenue (ttm) | 6.82B |
| Net Income (ttm) | 1.49B |
| Shares Out | 179.40M |
| EPS (ttm) | 8.22 |
| PE Ratio | 54.71 |
| Forward PE | 49.06 |
| Dividend | $2.60 (0.57%) |
| Ex-Dividend Date | Apr 22, 2024 |
| Volume | 278,243 |
| Open | 456.65 |
| Previous Close | 449.53 |
| Day's Range | 454.49 - 459.71 |
| 52-Week Range | 296.34 - 498.23 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 481.67 (+5.31%) |
| Earnings Date | Oct 31, 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 8 analysts, the average rating for RACE stock is "Buy." The 12-month stock price forecast is $481.67, which is an increase of 5.31% from the latest price.
News
Market Navigator: Trading Ferrari to the downside
Tony Zhang, Options Play chief strategist, joins 'Power Lunch' to discuss trading Ferrari to the downside.
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), October 7, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on Ju...
Ferrari shuts down gas-fuelled plant to double solar production
Ferrari has shut down a methane gas-fueled electricity generation plant its home town of Maranello as it aims to double its solar power production, the Italian luxury sports carmaker said on Tuesday.
Ferrari stock is severely overvalued: is it an attractive buy?
Ferrari, the biggest merchant of super expensive super cars, has also become one of the most expensive companies in Wall Street. Its stock has jumped by 40% this year and by 736% since going public al...
From Track To Ticker: Evaluating Ferrari And Lamborghini
Ferrari and Lamborghini are luxury supercar brands targeting high-net-worth individuals. Since the Volkswagen takeover, Lamborghini has climbed its way up to being considered Ferrari's closest peer. L...
Ferrari N.v.: Periodic Report on the Buyback Program
aranello (Italy), September 2, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on J...
FERRARI AND UNICREDIT TOGETHER FOR A MULTI-YEAR PARTNERSHIP
Maranello, September 2, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (‘Ferrari' or the ‘Company') announces that, effective January 1, 2025, UniCredit S.p.A. will partner with Ferrari S.p.A., its wholly-owned...
FERRARI AND SANTANDER END THEIR PARTNERSHIP
Maranello, August 30, 2024 - Ferrari N.V. (NYSE/ EXM: RACE) (‘Ferrari' or the ‘Company') announces the termination of the partnership between Ferrari S.p.A., its wholly-owned subsidiary, and Santander...
Calls of the Day: Ferrari, Cleveland Cliffs, Carlyle Group and BlackRock
The Investment Committee debate the latest Calls Of The Day.
Here's why Ferrari's stock can zoom past $500, Morgan Stanley says
Ferrari N.V.'s “resilient and proven business model” led Morgan Stanley on Tuesday to raise its price target on the luxury carmaker's stock to $520, among the highest forecasts on Wall Street.
Calls of the Day: Ferrari, Snowflake, Lululemon, Mastercard, Sweetgreen, Shake Shack and Live Nation
The Investment Committee discuss the latest Calls of the Day.
Ferrari: After Q2 Earnings Beat, Consensus Estimates Still Seem Low
Ferrari reported strong second quarter results, beating estimates with revenue growth, margin improvement, and EPS growth. The company's unique business model, scarcity of products, and control over s...
Ferrari Lifts Full-Year Guidance on Q2 Shipment Growth
Ferrari (RACE) boosted its full-year guidance when delivering second-quarter results that topped revenue expectations on Thursday.
Ferrari N.V. (RACE) Q2 2024 Earnings Call Transcript
Ferrari N.V. (NYSE:RACE) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Confe...
Ferrari ups FY forecasts after strong Q2 on larger offer, personalisations
Ferrari on Thursday raised its forecasts for its full-year revenues core earnings, after the luxury sports car maker beat estimates in the second quarter, supported by a richer product offer and incre...
Q2 2024 RESULTS CONFIRM STRONG EXECUTION AND CONTINUED GROWTH 2024 GUIDANCE REVISED UPWARD
Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results(1) for the second quarter and six months ended June 30, 2024:
Ferrari & Stellantis chairman John Elkann on family auto legacy, auto pressures and luxury demand
Stellantis and Ferrari chairman John Elkann joins 'Squawk Box' to discuss the Agnelli family auto legacy, pressures facing the auto industry, sustainability efforts at the Paris Olympic games, state o...
Ferrari shores up cooperation with Italian tax authority to ensure transparency
Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and preemptive checks aimed a...
Ferrari to accept crypto-payments in Europe
Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.
Ferrari extends cryptocurrency payment system to Europe after US launch
Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after starting in the U...
Ferrari: Quantitative Analysis Suggests The Stock Is Overvalued
Ferrari leads the Luxury Performance Car Industry with a 25% market share and plans to release its first electric car in Q4 2025. Financial performance is strong, with revenue growth of 7% and earning...
CNBC takes a tour of Ferrari's new e-building
CNBC gained exclusive access to Ferrari's HQ in Maranello, Italy, to explore the company's new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contribu...
Emotion can come from different technologies: Ferrari CEO
Benedetto Vigna, the CEO of Ferrari, discusses the company's venture into electric vehicles as the company prepares to unveil its first fully electric car by the end of 2025.
Ferrari to Announce Second Quarter 2024 Financial Results on August 1
Maranello (Italy), July 17, 2024 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024.
QYLD: Buying A Ferrari Only To Set Its Speed Limit At 100 Mph
QYLD is an ETF that employs a covered call strategy on the Nasdaq index, giving away upside potential when the market rallies. The fund pays out monthly dividends with an 11% distribution yield, but l...