Ferrari Company Profile (NYSE:RACE)

About Ferrari (RACE)

Ferrari logoFerrari NV, known as New Business Netherlands NV, is an Italy-based company, incorporated in the Netherlands, that is engaged in designing, manufacturing and selling sports cars under the Ferrari brand. Its products include nine sports car models, including seven sports cars: 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A; as well as two grand tourer (GT) cars: California T and FF. In addition, the Company produces a limited edition supercar, LaFerrari, and limited series and one-off cars. It licenses its Ferrari brand to various produces and retailers of goods. The Company divides its regional markets in EMEA (Europe, the Middle East, India and Africa), Americas, Greater China and Rest of APAC (Asia-Pacific region, excluding Greater China). The Company is active in over 60 markets worldwide through a network of 182 authorized dealers operating 204 points of sale. The Company operates as a subsidiary of Fiat Chrysler Automobiles NV.

Industry, Sector and Symbol:
  • Sector: Auto/Tires/Trucks
  • Industry: Auto Manufacturers - Major
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: RACE
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $73.34
  • 50 Day Moving Average: $70.16
  • 200 Day Moving Average: $60.99
  • 52-Week Range: $38.71 - $74.99
  • Trailing P/E Ratio: 32.74
  • Foreward P/E Ratio: 26.29
  • P/E Growth: 1.51
  • Market Cap: $13.86B
  • Outstanding Shares: 188,943,000
  • Beta: 1.79
Profitability:
  • Net Margins: 12.88%
  • Return on Equity: 286.55%
  • Return on Assets: 9.92%
Debt:
  • Debt-to-Equity Ratio: 9.41%
  • Current Ratio: 3.15%
  • Quick Ratio: 2.76%

Analyst Ratings

Consensus Ratings for Ferrari (NYSE:RACE) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $63.67 (13.19% downside)

Analysts' Ratings History for Ferrari (NYSE:RACE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/18/2017Jefferies Group LLCReiterated RatingBuy$74.00LowView Rating Details
3/23/2017Citigroup IncUpgradeNeutral -> BuyLowView Rating Details
3/23/2017Morgan StanleyReiterated RatingOverweight$72.00MediumView Rating Details
11/28/2016Berenberg BankReiterated RatingBuyN/AView Rating Details
11/8/2016Evercore ISIUpgradeSell -> HoldN/AView Rating Details
10/13/2016Societe GeneraleInitiated CoverageSell$45.00N/AView Rating Details
4/19/2016JPMorgan Chase & Co.Reiterated RatingNeutral$46.00 -> $51.00N/AView Rating Details
2/18/2016Banca AkrosInitiated CoverageBuyN/AView Rating Details
2/5/2016Bank of America CorpReiterated RatingBuy$60.00 -> $56.00N/AView Rating Details
1/20/2016Barclays PLCInitiated CoverageHoldN/AView Rating Details
11/16/2015Mediobanca SpAInitiated CoverageOutperform$64.00N/AView Rating Details
11/16/2015BNP ParibasInitiated CoverageUnderperform$46.00N/AView Rating Details
(Data available from 4/24/2015 forward)

Earnings

Earnings History for Ferrari (NYSE:RACE)
Earnings by Quarter for Ferrari (NYSE:RACE)
Earnings History by Quarter for Ferrari (NYSE:RACE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017        
11/7/2016Q316$0.53$0.59$826.93 million$783.00 millionViewListenView Earnings Details
5/2/2016Q116$0.30$0.41$648.56 million$675.00 millionViewListenView Earnings Details
2/2/2016Q415$0.35$0.28$746.55 million$744.00 millionViewListenView Earnings Details
10/28/2015Q315$0.56$804.27 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ferrari (NYSE:RACE)
Current Year EPS Consensus Estimate: $2.69 EPS
Next Year EPS Consensus Estimate: $2.79 EPS

Dividends

Current Dividend Information for Ferrari (NYSE:RACE)
Next Dividend:5/2/2017
Annual Dividend:$0.52
Dividend Yield:0.71%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:22.32% (Trailing 12 Months of Earnings)
19.33% (Based on This Year's Estimates)
18.64% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Ferrari (NYSE:RACE)

Dividend History by Quarter for Ferrari (NYSE:RACE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/1/2017Annual$0.674/24/20174/26/20175/2/2017
2/19/2016Annual$0.515/23/20165/24/20165/30/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Ferrari (NYSE:RACE)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Ferrari (NYSE:RACE)
Latest Headlines for Ferrari (NYSE:RACE)
Source:
DateHeadline
americanbankingnews.com logoFerrari (RACE) Earning Favorable Media Coverage, Analysis Shows
www.americanbankingnews.com - April 23 at 8:09 PM
nasdaq.com logoFerrari N.V. (RACE) Ex-Dividend Date Scheduled for April 24, 2017 - Nasdaq
www.nasdaq.com - April 23 at 9:13 AM
investopedia.com logoFerrari Stock Trades Ex-Dividend Monday (RACE)
www.investopedia.com - April 21 at 7:15 PM
finance.yahoo.com logoFerrari Stock Trades Ex-Dividend Monday
finance.yahoo.com - April 21 at 7:15 PM
americanbankingnews.com logoFerrari Announces Dividend of $0.67 (RACE)
www.americanbankingnews.com - April 19 at 9:49 AM
usatoday.com logoLatest gee-whiz cruise ship attraction: A Ferrari-themed race track
www.usatoday.com - April 18 at 9:33 AM
finance.yahoo.com logoNetflix Is Still a Beast, Despite Wall Street's Doubt
finance.yahoo.com - April 18 at 9:33 AM
finance.yahoo.com logoThe Case for the Odd, Overlooked 2017 Ferrari GTC4Lusso
finance.yahoo.com - April 17 at 6:32 PM
americanbankingnews.com logoFerrari (RACE) Getting Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - April 17 at 4:22 PM
nytimes.com logoVettel Loving Life With Revived Ferrari
www.nytimes.com - April 17 at 9:22 AM
finance.yahoo.com logoMotor racing - Bottas bounces back in Bahrain with first pole
finance.yahoo.com - April 16 at 9:09 AM
nytimes.com logoMotor Racing-Ricciardo Looks to Second Half of the Season
www.nytimes.com - April 15 at 8:35 AM
nytimes.com logoMotor Racing: Ferrari First and Last in Bahrain Practice
www.nytimes.com - April 14 at 6:59 PM
finance.yahoo.com logoFERRARI announces voting results from its Annual General Meeting
finance.yahoo.com - April 14 at 6:59 PM
americanbankingnews.com logoZacks: Analysts Expect Ferrari (RACE) to Announce $0.52 EPS
www.americanbankingnews.com - April 13 at 8:30 PM
bloomberg.com logoFerrari Shares Beat Tesla as Higher Supercar Output Lifts Profit - Bloomberg
www.bloomberg.com - April 12 at 11:58 AM
americanbankingnews.com logoFerrari (RACE) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 11 at 10:05 AM
finance.yahoo.com logoWhy Shares of Ferrari Jumped 13% in March
finance.yahoo.com - April 7 at 7:47 PM
finance.yahoo.com logoETFs with exposure to Ferrari NV : April 7, 2017
finance.yahoo.com - April 7 at 7:47 PM
finance.yahoo.com logoVroom! The Rally in Ferrari Is Leaving Everyone in the Dust
finance.yahoo.com - April 7 at 12:10 PM
finance.yahoo.com logoEven Rich Wall Street Bankers Won't Be Able to Order a Ferrari in This Color, Ever
finance.yahoo.com - April 7 at 12:10 PM
finance.yahoo.com logoTrump's bright red Ferrari sold for $270,000 at auction — here's a closer look at the car
finance.yahoo.com - April 7 at 12:10 PM
americanbankingnews.com logoZacks Investment Research Downgrades Ferrari (RACE) to Hold
www.americanbankingnews.com - April 5 at 12:34 PM
thestreet.com logoFerrari: Cramer's Top Takeaways
www.thestreet.com - April 3 at 11:57 PM
finance.yahoo.com logoMotegi Racing Wheels Becomes Technical Partner for Ferrari Challenge and GT Championship Series
finance.yahoo.com - April 3 at 6:55 PM
cnbc.com logoCramer: Ferrari's stock is off to the races. Here's why I won't take the ride
www.cnbc.com - April 3 at 6:55 PM
investorplace.com logo‘Trump’ Ferrari Sells for $270,000 at Auction
investorplace.com - April 3 at 12:57 PM
americanbankingnews.com logoFerrari (RACE) Rating Increased to C at TheStreet
www.americanbankingnews.com - April 2 at 10:55 PM
thestreet.com logo10 Most Costly Supercars You Can Buy Online
www.thestreet.com - April 2 at 11:15 AM
reuters.com logoMotor racing: Ferrari engine may be better than Mercedes, says Haas boss - Reuters
www.reuters.com - April 1 at 10:55 AM
nytimes.com logoMotor Racing: Ferrari Engine May Be Better Than Mercedes, Says Haas Boss
www.nytimes.com - March 31 at 7:36 PM
forbes.com logoHow Ferrari's F1 Renaissance Could Spark A Fresh Rivalry Between Lewis Hamilton And Sebastien Vettel
www.forbes.com - March 31 at 12:45 AM
cnbc.com logoItalian cops arrest 34 in race to foil plot to steal Enzo Ferrari's corpse
www.cnbc.com - March 30 at 8:45 AM
nbcnews.com logoItalian Cops Arrest 34 in Race to Foil Plot to Steal Enzo Ferrari’s Corpse
www.nbcnews.com - March 30 at 1:17 AM
wsj.com logoIndia's Mahindra Considers Electric Vehicles for U.S. and China
www.wsj.com - March 30 at 1:17 AM
americanbankingnews.com logoFerrari (RACE) Upgraded to Buy at Citigroup Inc
www.americanbankingnews.com - March 29 at 8:38 AM
americanbankingnews.com logoMorgan Stanley Reaffirms Overweight Rating for Ferrari (RACE)
www.americanbankingnews.com - March 29 at 8:25 AM
thestreet.com logoEuropean Picks That Could Be Worth the Trip
www.thestreet.com - March 28 at 7:16 PM
finance.yahoo.com logoRally off the Lows and Gold Gets Pounded - Dave's Daily Dive
finance.yahoo.com - March 28 at 7:16 PM
cnn.com logoF1: 'Ferrari are back in business'
www.cnn.com - March 27 at 3:18 PM
seekingalpha.com logoFormer Ferrari chairman in lead to chair Telecom Italia board
seekingalpha.com - March 27 at 2:00 PM
usatoday.com logoVettel's drought-breaker for Ferrari sets up F1 duel in 2017
www.usatoday.com - March 27 at 9:32 AM
reuters.com logoMotor racing-It's about time, says Marchionne after Ferrari win - Reuters
www.reuters.com - March 27 at 9:32 AM
finance.yahoo.com logoFerrari Jumps to Record as Formula One Team Regains Top Spot
finance.yahoo.com - March 27 at 9:32 AM
finance.yahoo.com logoMotor racing-Vettel savours win as Ferrari strike first blow
finance.yahoo.com - March 26 at 6:58 PM
reuters.com logoMotor racing: Ferrari prancing as Vettel wins in Australia - Reuters
www.reuters.com - March 26 at 6:01 AM
streetinsider.com logoMorgan Stanley Bull Case For Ferrari (RACE): $100 Price Target - StreetInsider.com
www.streetinsider.com - March 25 at 12:19 AM
fool.com logoWall Street Is Racing to Buy Ferrari Stock - Motley Fool
www.fool.com - March 25 at 12:19 AM
seekingalpha.com logoAll-time high for Ferrari in Milan and New York
seekingalpha.com - March 23 at 1:57 PM
americanbankingnews.com logoFerrari (RACE) Stock Rating Upgraded by Citigroup Inc
www.americanbankingnews.com - March 23 at 1:31 PM

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Frequently Asked Questions for Ferrari (NYSE:RACE)

What is Ferrari's stock symbol?

Ferrari trades on the New York Stock Exchange (NYSE) under the ticker symbol "RACE."

How often does Ferrari pay dividends? What is the dividend yield for Ferrari?

Ferrari announced an annual dividend on Wednesday, March 1st. Investors of record on Wednesday, April 26th will be paid a dividend of $0.6712 per share on Tuesday, May 2nd. The ex-dividend date is Monday, April 24th.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) posted its earnings results on Monday, May, 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.30 by $0.11. The firm earned $675 million during the quarter, compared to analysts' expectations of $648.56 million. Ferrari had a return on equity of 286.55% and a net margin of 12.88%. The company's revenue for the quarter was up 8.7% on a year-over-year basis.

When will Ferrari make its next earnings announcement?

Ferrari is scheduled to release their next quarterly earnings announcement on Thursday, May, 4th 2017.

Where is Ferrari's stock going? Where will Ferrari's stock price be in 2017?

6 analysts have issued 12-month price targets for Ferrari's stock. Their predictions range from $45.00 to $74.00. On average, they anticipate Ferrari's stock price to reach $63.67 in the next twelve months.

What are analysts saying about Ferrari stock?

Here are some recent quotes from research analysts about Ferrari stock:

  • 1. According to Zacks Investment Research, "Ferrari N.V. is engaged in designing, manufacturing and selling sports cars. Its products include sports car models consists of 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A as well as two grand tourer (GT) cars: California T and FF. The Company also produces a limited edition supercar, LaFerrari and limited series and one-off cars. It operates primarily in Europe, the Middle East, India, Africa, Americas, Greater China and Rest of Asia-Pacific region. Ferrari N.V. is headquartered in Maranello, Italy. " (4/5/2017)
  • 2. Jefferies Group LLC analysts commented, "We initiate coverage with a BUY rating and '70/$74PT. Ferrari should grow EPS at twice the pace of revenue in the coming 5 years given mix trends and latent operating leverage. We also think capital intensity is misunderstood and that returns already exceed the best in luxury goods. The investment case is not without risks, from F1 to diversification, but these also offer meaningful upside." (3/13/2017)

Who owns Ferrari stock?

Ferrari's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.02%), Douglass Winthrop Advisors LLC (0.01%), Navellier & Associates Inc (0.00%), Carroll Financial Associates Inc. (0.00%), Kessler Investment Group LLC (0.00%) and Creative Planning (0.00%).

Who sold Ferrari stock? Who is selling Ferrari stock?

Ferrari's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Carroll Financial Associates Inc., Kessler Investment Group LLC and Creative Planning.

Who bought Ferrari stock? Who is buying Ferrari stock?

Ferrari's stock was acquired by a variety of institutional investors in the last quarter, including Navellier & Associates Inc, Fox Run Management L.L.C. and Quadrant Capital Group LLC.

How do I buy Ferrari stock?

Shares of Ferrari can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Ferrari stock cost?

One share of Ferrari stock can currently be purchased for approximately $73.34.

Ferrari (RACE) Chart for Monday, April, 24, 2017

This page was last updated on 4/24/2017 by MarketBeat.com Staff