NYSE:RACE - Ferrari Stock Price, Forecast & News

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

Ferrari declared an annual dividend on Thursday, February 28th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.1677 per share on Thursday, May 2nd. This represents a yield of 0.91%. The ex-dividend date is Tuesday, April 23rd. This is a boost from Ferrari's previous annual dividend of $0.88. View Ferrari's Dividend History.

Ferrari NV (NYSE:RACE) announced its quarterly earnings results on Monday, November, 4th. The company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by $0.03. The company earned $915 million during the quarter, compared to analysts' expectations of $889.08 million. Ferrari had a net margin of 19.67% and a return on equity of 51.17%. Ferrari's revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. View Ferrari's Earnings History.

Ferrari is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Ferrari.

Ferrari updated its FY19 earnings guidance on Monday, November, 4th. The company provided earnings per share (EPS) guidance of EUR 3.70-3.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.77. The company issued revenue guidance of EUR ~3.7 billion, compared to the consensus revenue estimate of $3.71 billion.

10 equities research analysts have issued 12 month price targets for Ferrari's shares. Their forecasts range from $143.04 to $225.00. On average, they expect Ferrari's share price to reach $183.67 in the next year. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Ferrari.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ferrari.

News headlines about RACE stock have trended positive recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ferrari earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Ferrari.

Ferrari saw a drop in short interest in December. As of December 31st, there was short interest totalling 2,090,000 shares, a drop of 5.4% from the December 15th total of 2,210,000 shares. Based on an average trading volume of 295,500 shares, the days-to-cover ratio is currently 7.1 days. Approximately 1.9% of the company's stock are sold short. View Ferrari's Current Options Chain.

Some companies that are related to Ferrari include VOLKSWAGEN AG/ADR (VWAGY), Tesla (TSLA), Daimler (DDAIF), General Motors (GM), Honda Motor (HMC), Ford Motor (F), VOLVO AB/ADR (VLVLY), PACCAR (PCAR), Fiat Chrysler Automobiles (FCAU), Nissan Motor (NSANY), PEUGEOT SA/ADR (PUGOY), SUBARU CORP/ADR (FUJHY), Hyundai Motor (HYMLF), GEELY AUTOMOBIL/ADR (GELYY) and Tata Motors (TTM).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA), NVIDIA (NVDA), Home Depot (HD), Visa (V), Netflix (NFLX), Cisco Systems (CSCO), Paypal (PYPL), Ford Motor (F), General Electric (GE) and Bank of America (BAC).

Ferrari's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Commerzbank Aktiengesellschaft FI (0.10%), Calamos Advisors LLC (0.01%), Assenagon Asset Management S.A. (0.00%), Wedbush Securities Inc. (0.00%), Sciencast Management LP (0.00%) and Carroll Financial Associates Inc. (0.00%).

RACE stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and Commerzbank Aktiengesellschaft FI.

RACE stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Sciencast Management LP, Huntington National Bank, Carroll Financial Associates Inc., Steward Partners Investment Advisory LLC and Wedbush Securities Inc..

Shares of RACE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of RACE stock can currently be purchased for approximately $173.94.

Ferrari has a market capitalization of $32.51 billion and generates $4.04 billion in revenue each year. The company earns $926.71 million in net income (profit) each year or $4.02 on an earnings per share basis. Ferrari employs 3,851 workers across the globe.View Additional Information About Ferrari.

The official website for Ferrari is http://www.ferrari.com/.

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The company can be reached via phone at 39-05-3694-9111.