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About Ferrari (NYSE:RACE)
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
Industry Motor vehicles & car bodies
Sub-IndustryN/A
SectorAuto/Tires/Trucks
SymbolNYSE:RACE
CUSIPN/A
Phone00390536949111
Debt
Debt-to-Equity Ratio2.03
Current Ratio3.17
Quick Ratio2.56
Price-To-Earnings
Trailing P/E Ratio41.17
Forward P/E Ratio36.85
P/E Growth2.13
Sales & Book Value
Annual Sales$3.86 billion
Price / Sales6.42
Cash Flow$4.7653 per share
Price / Cash27.53
Book Value$5.84 per share
Price / Book22.46
Profitability
EPS (Most Recent Fiscal Year)$3.19
Net Income$605.15 million
Net Margins16.44%
Return on Equity79.32%
Return on Assets13.77%
Miscellaneous
Employees3,380
Outstanding Shares188,950,000
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 (NYSE:RACE) posted its quarterly earnings results on Thursday, May, 3rd. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.10. The firm earned $831 million during the quarter, compared to the consensus estimate of $835.47 million. Ferrari had a net margin of 16.44% and a return on equity of 79.32%. Ferrari's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. View Ferrari's Earnings History.
When is Ferrari's next earnings date?
What price target have analysts set for RACE?
9 equities research analysts have issued 1 year price objectives for Ferrari's stock. Their forecasts range from $100.00 to $160.00. On average, they anticipate Ferrari's stock price to reach $127.4286 in the next year. View Analyst Ratings for Ferrari.
Who are some of Ferrari's key competitors?
Some companies that are related to Ferrari include Daimler (DDAIF), Honda Motor (HMC), General Motors (GM), Tesla (TSLA), Ford Motor (F), Fiat Chrysler Automobiles (FCAU), Nissan (NSANY), AB Volvo (VLVLY), Hyundai Motor (HYMLF), Geely Auto (GELYY), SUBARU Corp/ADR (FUJHY), Paccar (PCAR), Tata Motors (TTM), Mazda Motor (MZDAY) and WABCO (WBC).
Who are Ferrari's key executives?
Ferrari's management team includes the folowing people:
- Mr. Sergio Marchionne, Chairman & CEO (Age 66)
- Mr. Alessandro Gili, Chief Financial Officer (Age 47)
- Mr. Michael Hugo Leiters, Chief Technology Officer (Age 47)
- 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 headlines about RACE stock have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferrari earned a news sentiment score of 0.18 on Accern's scale. They also gave media headlines about the company an impact score of 44.78 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.
Who are Ferrari's major shareholders?
Ferrari's stock is owned by many different of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (7.75%), AKO Capital LLP (2.10%), Winslow Capital Management LLC (0.78%), Amundi Pioneer Asset Management Inc. (0.61%), WCM Investment Management CA (0.60%) and JPMorgan Chase & Co. (0.43%). View Institutional Ownership Trends for Ferrari.
Which institutional investors are selling Ferrari stock?
RACE stock was sold by a variety of institutional investors in the last quarter, including AKO Capital LLP, JPMorgan Chase & Co., Baillie Gifford & Co., Wells Fargo & Company MN, Winslow Capital Management LLC, A.R.T. Advisors LLC, FIL Ltd and Royal Bank of Canada. View Insider Buying and Selling for Ferrari.
Which institutional investors are buying Ferrari stock?
RACE stock was acquired by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Jane Street Group LLC, OppenheimerFunds Inc., Jupiter Asset Management Ltd., Lord Abbett & CO. LLC, WCM Investment Management CA, Fiera Capital Corp and Northern Trust Corp. View Insider Buying and Selling for Ferrari.
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 $131.19.
How big of a company is Ferrari?
Ferrari has a market capitalization of $24.81 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 (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.
Ferrari (NYSE:RACE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Ferrari in the last 12 months. Their average twelve-month price target is $127.4286, suggesting that the stock has a possible downside of 2.87%. The high price target for RACE is $160.00 and the low price target for RACE is $100.00. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.44 | 2.40 | 2.40 | 2.44 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $127.4286 | $125.8571 | $116.00 | $109.50 |
| Price Target Upside: | 2.87% downside | 1.24% upside | 6.28% downside | 0.64% upside |
Ferrari (NYSE:RACE) Consensus Price Target History
Ferrari (NYSE:RACE) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Ferrari (NYSE:RACE) Dividend Information
Ferrari pays an annual dividend of $0.68 per share, with a dividend yield of 0.52%. RACE's most recent annual dividend payment was Tuesday, May 2. Ferrari pays out 21.32% of its earnings out as a dividend.
| Most Recent Dividend: | 5/2/2017 |
| Annual Dividend: | $0.68 |
| Dividend Yield: | 0.52% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 21.32% (Trailing 12 Months of Earnings)
19.10% (Based on This Year's Estimates)
17.44% (Based on Next Year's Estimates)
14.27% (Based on Cash Flow)
|
Ferrari (NYSE:RACE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/1/2017 | Annual | $0.6712 | | 4/24/2017 | 4/26/2017 | 5/2/2017 |
| 2/19/2016 | Annual | $0.5115 | | 5/23/2016 | 5/24/2016 | 5/30/2016 |
(Data available from 1/1/2013 forward)
Ferrari (NYSE RACE) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 32.13%
Ferrari (NYSE RACE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Ferrari (NYSE RACE) News Headlines
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Ferrari (NYSE:RACE) SEC Filings
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Ferrari (NYSE:RACE) Income Statement, Balance Sheet and Cash Flow Statement
Ferrari (NYSE RACE) Stock Chart for Friday, May, 25, 2018
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