Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports cars, GT cars, special series cars, limited edition supercars, limited editions series, and one-off cars; and open air roadsters and two-seater mid-rear-engined roadsters. It also provides non-registered racing cars; and parts, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; and Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates. Further, it offers non-registered racing cars; and parts, as well as after sales, repair, maintenance, and restoration services for cars. Additionally, the company provides direct or indirect finance and leasing services to retail clients and dealers; and manages race tracks, as well as owns and manages two museums in Maranello and Modena, Italy. As of December 31, 2017, it had a total of 48 retail Ferrari stores, including 30 franchised stores and 18 owned stores. The company also sells its products through a network of 164 authorized dealers operating 185 points of sale worldwide, as well as through its Website, store.ferrari.com. The company was founded in 1947 and is headquartered in Maranello, Italy.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Motor vehicles & car bodies
Sub-IndustryN/A
SectorAuto/Tires/Trucks
SymbolNYSE:RACE
CUSIPN/A
Phone00390536949111
Debt
Debt-to-Equity Ratio2.00
Current Ratio3.36
Quick Ratio2.71
Price-To-Earnings
Trailing P/E Ratio37.95
Forward P/E Ratio38.17
P/E Growth2.2
Sales & Book Value
Annual Sales$3.86 billion
Price / Sales5.92
Cash Flow$4.7845 per share
Price / Cash25.29
Book Value$4.69 per share
Price / Book25.80
Profitability
EPS (Most Recent Fiscal Year)$3.19
Net Income$605.15 million
Net Margins17.18%
Return on Equity72.38%
Return on Assets13.94%
Miscellaneous
Employees3,380
Outstanding Shares188,950,000
Market Cap$22.79 billion
Ferrari (NYSE:RACE) Frequently Asked Questions
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 NV (NYSE:RACE) announced its quarterly earnings results on Wednesday, August, 1st. The company reported $1.00 EPS for the quarter, beating the Zacks' consensus estimate of $0.90 by $0.10. The company had revenue of $906 million for the quarter, compared to analysts' expectations of $925.46 million. Ferrari had a net margin of 17.18% and a return on equity of 72.38%. Ferrari's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. View Ferrari's Earnings History.
When is Ferrari's next earnings date?
What price target have analysts set for RACE?
8 analysts have issued 12 month price targets for Ferrari's stock. Their predictions range from $105.00 to $160.00. On average, they expect Ferrari's share price to reach $133.6667 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price. View Analyst Price Targets for Ferrari.
What is the consensus analysts' recommendation for Ferrari?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ferrari.
Who are some of Ferrari's key competitors?
Some companies that are related to Ferrari include VOLKSWAGEN (VLKAY), Daimler (DDAIF), Tesla (TSLA), Honda Motor (HMC), General Motors (GM), Ford Motor (F), Nissan Motor (NSANY), VOLVO AB/ADR (VLVLY), Fiat Chrysler Automobiles (FCAU), Hyundai Motor (HYMLF), SUBARU CORP/ADR (FUJHY), PACCAR (PCAR), GEELY AUTOMOBIL/ADR (GELYY), Tata Motors (TTM) and MAZDA Mtr Corp/ADR (MZDAY).
Who are Ferrari's key executives?
Ferrari's management team includes the folowing people:
- Mr. Sergio Marchionne FCA, Chairman & CEO (Age 66)
- Mr. Michael Hugo Leiters, Chief Technology Officer (Age 47)
- Ms. Nicoletta Russo, Head of Investor Relations
- Mr. Enrico Galliera, Chief Marketing & Commercial Officer (Age 52)
- Mr. Michele Antoniazzi, Chief HR Officer (Age 49)
Has Ferrari been receiving favorable news coverage?
Media coverage about RACE stock has trended positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ferrari earned a coverage optimism score of 0.26 on Accern's scale. They also assigned media headlines about the company an impact score of 46.40 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Ferrari.
Who are Ferrari's major shareholders?
Ferrari's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (7.65%), AKO Capital LLP (1.94%), Canada Pension Plan Investment Board (1.39%), Winslow Capital Management LLC (0.75%), Morgan Stanley (0.66%) and Bank of America Corp DE (0.55%).
Which major investors are selling Ferrari stock?
RACE stock was sold by a variety of institutional investors in the last quarter, including AKO Capital LLP, Baillie Gifford & Co., Renaissance Technologies LLC, Ardevora Asset Management LLP, Morgan Stanley, Winslow Capital Management LLC, Bank of America Corp DE and Bank of New York Mellon Corp.
Which major investors are buying Ferrari stock?
RACE stock was purchased by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Victory Capital Management Inc., Russell Investments Group Ltd., Pelham Capital Ltd., State of Wisconsin Investment Board, GAM Holding AG, BTG Pactual Global Asset Management Ltd and Marshall Wace LLP.
How do I buy shares of Ferrari?
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, Scottrade, Fidelity and Charles Schwab.
What is Ferrari's stock price today?
One share of RACE stock can currently be purchased for approximately $121.00.
How big of a company is Ferrari?
Ferrari has a market capitalization of $22.79 billion and generates $3.86 billion in revenue each year. The company earns $605.15 million in net income (profit) each year or $3.19 on an earnings per share basis. Ferrari employs 3,380 workers across the globe.
How can I contact Ferrari?
Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The company can be reached via phone at 00390536949111.
MarketBeat Community Rating for Ferrari (NYSE RACE)
MarketBeat's community ratings are surveys of what our community members think about Ferrari and other stocks. Vote "Outperform" if you believe RACE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RACE will underperform the S&P 500 over the long term. You may vote once every thirty days.
