Ferrari (NYSE:RACE) Releases FY 2025 Earnings Guidance

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Ferrari (NYSE:RACE - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 9.751- for the period. The company issued revenue guidance of -.

Ferrari Stock Down 1.5%

NYSE:RACE traded down $6.85 during trading hours on Friday, hitting $436.54. 1,677,924 shares of the stock traded hands, compared to its average volume of 382,362. The firm has a 50 day moving average price of $484.02 and a 200 day moving average price of $464.81. The company has a current ratio of 5.09, a quick ratio of 4.04 and a debt-to-equity ratio of 0.93. Ferrari has a fifty-two week low of $391.54 and a fifty-two week high of $519.10. The firm has a market cap of $105.81 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 4.86 and a beta of 1.09.

Ferrari (NYSE:RACE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 46.22%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned $2.29 EPS. The company's revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Ferrari will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on RACE. Cfra Research cut shares of Ferrari from a "hold" rating to a "moderate sell" rating in a report on Thursday. UBS Group boosted their price target on shares of Ferrari from $520.00 to $560.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Ferrari from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ferrari currently has a consensus rating of "Moderate Buy" and a consensus price target of $526.25.

Institutional Investors Weigh In On Ferrari

A number of large investors have recently bought and sold shares of RACE. AQR Capital Management LLC boosted its holdings in Ferrari by 78.9% in the first quarter. AQR Capital Management LLC now owns 3,568 shares of the company's stock worth $1,527,000 after purchasing an additional 1,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ferrari by 31.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company's stock worth $82,000 after purchasing an additional 46 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in Ferrari in the first quarter worth $1,519,000.

Ferrari Company Profile

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.