Ferrari Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 3 sell ratings, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Ferrari stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RACE, but not buy additional shares or sell existing shares.
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Ferrari is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Ferrari.

Ferrari (NYSE:RACE) announced its earnings results on Monday, February, 1st. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.24. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.05 billion. Ferrari had a trailing twelve-month return on equity of 34.85% and a net margin of 15.50%. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS.
View Ferrari's earnings history.

Ferrari's stock was trading at $143.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RACE shares have increased by 45.0% and is now trading at $207.42.
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Ferrari declared an annual dividend on Friday, April 17th. Shareholders of record on Tuesday, April 21st will be given a dividend of $1.2351 per share on Tuesday, May 5th. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. This is an increase from Ferrari's previous annual dividend of $1.17.
View Ferrari's dividend history.

Ferrari updated its FY21 earnings guidance on Tuesday, February, 2nd. The company provided earnings per share guidance of $4.00-4.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.96. The company issued revenue guidance of $4.3 billion, compared to the consensus revenue estimate of $4.18 billion.

16 brokers have issued 1 year price targets for Ferrari's stock. Their forecasts range from $108.00 to $273.00. On average, they anticipate Ferrari's stock price to reach $214.33 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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Some companies that are related to Ferrari include Daimler (DDAIF), General Motors (GM), Honda Motor (HMC), AB Volvo (publ) (VLVLY), Ford Motor (F), NIO (NIO), Fiat Chrysler Automobiles (FCAU), PACCAR (PCAR), XPeng (XPEV), Geely Automobile (GELYY), Stellantis (PUGOY), Nissan Motor (NSANY), Hyundai Motor (HYMLF), Li Auto (LI) and Subaru (FUJHY).
View all of RACE's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA), NVIDIA (NVDA), The Home Depot (HD), Intel (INTC), Netflix (NFLX), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Bank of America (BAC), salesforce.com (CRM) and The Walt Disney (DIS).

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

Ferrari's stock is owned by a variety of retail and institutional investors. Top institutional investors include Stonebridge Capital Management Inc. (0.01%), FDx Advisors Inc. (0.00%), Coastal Investment Advisors Inc. (0.00%), Carroll Financial Associates Inc. (0.00%) and Farmers & Merchants Investments Inc. (0.00%).

RACE stock was sold by a variety of institutional investors in the last quarter, including FDx Advisors Inc., and Carroll Financial Associates Inc..

RACE stock was purchased by a variety of institutional investors in the last quarter, including Stonebridge Capital Management Inc., Coastal Investment Advisors Inc., and Farmers & Merchants Investments Inc..

Shares of RACE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RACE stock can currently be purchased for approximately $207.42.

Ferrari has a market capitalization of $38.32 billion and generates $4.22 billion in revenue each year. The company earns $779.32 million in net income (profit) each year or $4.16 on an earnings per share basis.

Ferrari employs 4,556 workers across the globe.

The following companies are subsidiares of Ferrari: Ferrari (HK) Limited, Ferrari Australasia Pty Limited, Ferrari Central Europe GmbH (1), Ferrari Far East Pte Limited, Ferrari Financial Services Inc., Ferrari International Cars Trading (Shanghai) Co. L.t.d., Ferrari Japan KK, Ferrari Management Consulting (Shanghai) Co. L.t.d., Ferrari North America Inc., Ferrari S.p.A., Ferrari South West Europe S.a.r.l., G.S.A. S.A., and Mugello Circuit S.p.A..

Ferrari was founded in 1947.

The official website for Ferrari is www.ferrari.com.

Ferrari is headquartered at VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053.

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.