Ferrari (RACE) Expected to Announce Earnings on Tuesday

Ferrari (NYSE:RACE - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $2.36 per share and revenue of $1.82 billion for the quarter.

Ferrari Price Performance

Shares of NYSE RACE traded up $2.80 during mid-day trading on Friday, reaching $462.92. The company had a trading volume of 408,398 shares, compared to its average volume of 331,287. The company has a 50-day moving average price of $441.99 and a two-hundred day moving average price of $447.11. The stock has a market cap of $112.20 billion, a PE ratio of 50.59, a P/E/G ratio of 4.43 and a beta of 1.13. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93. Ferrari has a 1-year low of $391.54 and a 1-year high of $509.13.

Ferrari Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $3.1265 per share. This represents a yield of 0.5%. The ex-dividend date is Wednesday, April 23rd. This is a boost from Ferrari's previous annual dividend of $2.44. Ferrari's payout ratio is 5.63%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group decreased their price target on shares of Ferrari from $584.00 to $520.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. StockNews.com cut shares of Ferrari from a "buy" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on Ferrari from $525.00 to $460.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Barclays upgraded Ferrari from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ferrari in a research note on Thursday, February 6th. They set a "hold" rating for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Ferrari presently has a consensus rating of "Moderate Buy" and an average price target of $481.60.

About Ferrari

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.