Ferrari (RACE) Projected to Post Earnings on Thursday

Ferrari (NYSE:RACE - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 31st. Analysts expect Ferrari to post earnings of $2.60 per share and revenue of $2.05 billion for the quarter. Ferrari has set its FY 2025 guidance at 9.040- EPS.

Ferrari (NYSE:RACE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.06. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ferrari had a return on equity of 46.46% and a net margin of 23.00%. Ferrari's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.95 EPS. On average, analysts expect Ferrari to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Ferrari Trading Up 0.2%

Shares of RACE stock traded up $1.10 during trading hours on Friday, reaching $517.30. The company's stock had a trading volume of 271,703 shares, compared to its average volume of 401,909. The stock has a market capitalization of $125.38 billion, a P/E ratio of 54.74, a P/E/G ratio of 5.67 and a beta of 1.09. Ferrari has a one year low of $391.54 and a one year high of $519.10. The firm's fifty day simple moving average is $485.06 and its 200 day simple moving average is $462.46. The company has a current ratio of 5.09, a quick ratio of 4.04 and a debt-to-equity ratio of 0.93.

Analysts Set New Price Targets

Several equities research analysts recently commented on RACE shares. JPMorgan Chase & Co. dropped their price objective on Ferrari from $525.00 to $460.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Kepler Capital Markets raised shares of Ferrari from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Wall Street Zen lowered shares of Ferrari from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. UBS Group increased their price objective on shares of Ferrari from $520.00 to $560.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Barclays upgraded shares of Ferrari from an "equal weight" rating to an "overweight" rating in a report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $526.25.

Institutional Investors Weigh In On Ferrari

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

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.