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: $67.09
  • 50 Day Moving Average: $65.90
  • 200 Day Moving Average: $57.54
  • 52-Week Range: $38.71 - $69.50
  • Trailing P/E Ratio: 30.34
  • Foreward P/E Ratio: 25.35
  • P/E Growth: 1.44
  • Market Cap: $12.88B
  • 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: $50.67 (25.69% downside)

Analysts' Ratings History for Ferrari (NYSE:RACE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/23/2017Citigroup IncUpgradeNeutral -> BuyLowView Rating Details
3/13/2017Jefferies Group LLCInitiated CoverageBuyLowView Rating Details
11/22/2016Berenberg BankInitiated CoverageBuyN/AView Rating Details
10/13/2016Societe GeneraleInitiated CoverageSell$45.00N/AView Rating Details
8/17/2016Morgan StanleyBoost Price TargetOverweight$54.00 -> $56.00N/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
11/16/2015Evercore ISIInitiated CoverageSell$40.00N/AView Rating Details
(Data available from 3/23/2015 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
5/2/2016Q116$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$0.56ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ferrari (NYSE:RACE)
Current Year EPS Consensus Estimate: $2.62 EPS
Next Year EPS Consensus Estimate: $2.69 EPS

Dividends

Current Dividend Information for Ferrari (NYSE:RACE)
Most Recent Dividend:5/30/2016
Annual Dividend:$0.52
Dividend Yield:0.76%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:22.32% (Trailing 12 Months of Earnings)
19.85% (Based on This Year's Estimates)
19.33% (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
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
seekingalpha.com logoAll-time high for Ferrari in Milan and New York (NYSE:RACE)
seekingalpha.com - March 23 at 1:57 PM
News IconFerrari (RACE) Stock Rating Upgraded by Citigroup Inc (NYSE:RACE)
www.americanbankingnews.com - March 23 at 1:31 PM
fool.com logoWall Street Is Racing to Buy Ferrari Stock (NYSE:RACE)
www.fool.com - March 23 at 1:16 PM
reuters.com logoFerrari must take test performances into first race, says Hakkinen (NYSE:RACE)
www.reuters.com - March 22 at 7:22 PM
us.rd.yahoo.com logoThe New RWD Huracán Is Everything a Lamborghini Should Be (NYSE:RACE)
us.rd.yahoo.com - March 21 at 10:39 AM
finance.yahoo.com logoZacks.com featured highlights: Ferrari N.V., Preferred Bank, Applied Optoelectronics, II-VI and Ebix (NYSE:RACE)
finance.yahoo.com - March 21 at 10:39 AM
foxnews.com logoPink Floyd drummer Nick Mason crashes multi-million dollar McLaren F1 GTR (NYSE:RACE)
www.foxnews.com - March 20 at 5:30 PM
reuters.com logoMotor racing: Hamilton is still the man to beat (NYSE:RACE)
www.reuters.com - March 18 at 12:34 AM
nytimes.com logoMotor Racing: Team-By-Team Prospects for the 2017 Season (NYSE:RACE)
www.nytimes.com - March 17 at 1:41 AM
News IconFerrari (RACE) Given Consensus Rating of “Hold” by Analysts (NYSE:RACE)
www.americanbankingnews.com - March 16 at 12:19 PM
nytimes.com logoMotor Racing: Ferrari's Italian Stallion Has a Spring in Its Step (NYSE:RACE)
www.nytimes.com - March 16 at 8:21 AM
reuters.com logoMotor racing - Ferrari's Italian stallion has a spring in its step (NYSE:RACE)
www.reuters.com - March 16 at 12:40 AM
finance.yahoo.com logoCoverage initiated on Ferrari by Jefferies (NYSE:RACE)
finance.yahoo.com - March 13 at 7:12 PM
finance.yahoo.com logoHere's Why Ferrari Shares Are A Buy (NYSE:RACE)
finance.yahoo.com - March 13 at 7:12 PM
News IconFerraris and Porsches auctioned at Amelia Island Concours D ... - Business Insider (NYSE:RACE)
www.businessinsider.com - March 10 at 9:43 PM
thestreet.com logoA $500,000 Mercedes-Benz SUV Isn't the Only Ride Blowing Minds at the Geneva Auto Show (NYSE:RACE)
us.rd.yahoo.com - March 8 at 8:50 AM
News IconThe McLaren supercar designed to beat Ferrari has arrived (NYSE:RACE)
www.businessinsider.com - March 7 at 7:19 PM
thestreet.com logoThis $500,000 Mercedes-Benz SUV Isn't the Only Ride Blowing Minds at the Geneva Auto Show (NYSE:RACE)
www.thestreet.com - March 7 at 7:19 PM
thestreet.com logoHere Is a Must See -- A Flashy New Rolls-Royce That Is Decked Out in 1000 Diamonds (NYSE:RACE)
us.rd.yahoo.com - March 6 at 6:48 PM
thestreet.com logoStock Prices Have Surged So Someone Asked Rolls-Royce to Put 1000 Diamonds on Their New Supercar (NYSE:RACE)
www.thestreet.com - March 6 at 9:24 AM
usatoday.com logoWinter testing for F1 means new look, faster cars (NYSE:RACE)
www.usatoday.com - March 4 at 7:25 PM
finance.yahoo.com logoFERRARI: Ferrari Publishes Agenda for the 2017 AGM (NYSE:RACE)
finance.yahoo.com - March 3 at 7:29 PM
finance.yahoo.com logoFERRARI: Ferrari releases its 2016 Annual Report and files annual report on Form 20-F (NYSE:RACE)
finance.yahoo.com - March 3 at 8:25 AM
seekingalpha.com logoFerrari Represents Nearly A 13% Downside From Its Current Share Market Price (NYSE:RACE)
seekingalpha.com - March 2 at 7:35 PM

Social

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 were Ferrari's earnings last quarter?

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

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

6 brokerages have issued 1 year price targets for Ferrari's shares. Their forecasts range from $45.00 to $56.00. On average, they anticipate Ferrari's stock price to reach $50.67 in the next twelve months.

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 $68.18.

Ferrari (RACE) Chart for Thursday, March, 23, 2017

This page was last updated on 3/23/2017 by MarketBeat.com Staff