Ferrari N.V. (RACE)
| Market Cap | 75.48B |
| Revenue (ttm) | 6.66B |
| Net Income (ttm) | 1.42B |
| Shares Out | 180.12M |
| EPS (ttm) | 7.85 |
| PE Ratio | 53.49 |
| Forward PE | 49.75 |
| Dividend | $2.60 (0.62%) |
| Ex-Dividend Date | Apr 22, 2024 |
| Volume | 180,307 |
| Open | 420.70 |
| Previous Close | 417.21 |
| Day's Range | 418.42 - 421.72 |
| 52-Week Range | 283.20 - 442.80 |
| Beta | 0.98 |
| Analysts | Buy |
| Price Target | 417.50 (-0.49%) |
| Earnings Date | May 7, 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 $417.5, which is a decrease of -0.49% from the latest price.
News
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...
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), May 6, 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 Novemb...
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...
Ferrari Challenge Europe Set to Thrill at Mugello with Laura Villars Among Competitors
New York, New York--(Newsfile Corp. - April 23, 2024) - Ferrari Challenge Europe is set for an exciting race at the Mugello Circuit, with notable participant Laura Villars among the lineup. Scheduled ...
Ford Doesn't Have a Ferrari Division, but Ford Pro Could Be a Stock Catalyst
Ford believes its Pro commercial business will provide an earnings boost thanks to the power of connectivity, data, and software.
Volkswagen holds keys to Porsche's race against Ferrari
Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to take a step back, giving the German sports car maker mor...
FERRARI TO ANNOUNCE FIRST QUARTER 2024 FINANCIAL RESULTS ON MAY 7
Maranello (Italy), April 22, 2024 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the first quarter of 2024 will be released on Tuesday, May 7, 2024.
Ferrari's CEO likes to run the luxury car company like a tech startup
Benedetto Vigna has been Ferrari's CEO since 2021, overseeing the company's transition to EVs. His background is in tech, with previous experience as an executive at a semiconductor company.
Ferrari Announces Voting Results From Its Annual General Meeting
Maranello (Italy), 17 April 2024 - Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/EXM: RACE) announced today that all resolutions proposed to Shareholders at the Ferrari's Annual General Meeting of ...
Ferrari steps up battery know-how though no plans to make them
Ferrari wants to increase its expertise in battery cells given their importance in its shift to electrified vehicles, but it has no plans to manufacture them itself, its CEO Benedetto Vigna said on Mo...
Ferrari to expand cooperation with battery supplier SK On
Luxury sports car manufacturer Ferrari has entered a preliminary agreement with its electric-vehicle (EV) battery supplier SK On on further expansion of their cooperation.
Ferrari sued for failing to fix brake defects after major recalls
According to a proposed class action, recalls in 2021 and 2022 to address leaking brake fluid were only an interim measure, allowing Ferrari to keep selling thousands of cars with defective brakes.
Ferrari cars are about the emotion you can deliver to the driver, says CEO
Benedetto Vigna, CEO of Ferrari, discusses the upcoming electric model that Ferrari is producing and how Ferrari will retain its racing heritage and experience while aiming to go carbon neutral by 203...
Ferrari is sued by US drivers over brake defect
Ferrari has been sued in the United States by drivers who said the Italian luxury sports car maker has failed to fix vehicles at risk of a partial or total loss of braking capability.
Ferrari boss promises 'emotion' won't be lost in EV engine roar
Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker's new electric vehicle will offer drivers the same roar as its historic combustion engines.
Jim Cramer looks at Europe's 'Super 7'
'Mad Money' host Jim Cramer looks at Europe's top performing stocks, deemed the 'Super 7'.