Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, 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 provides direct or indirect finance and leasing services to retail clients and dealers; manages race tracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores. As of December 31, 2018, it had a total of 35 retail Ferrari stores, including 17 franchised stores and 18 owned stores. The company also sells its products through a network of 167 authorized dealers operating 190 points of sale worldwide, as well as through its Website, store.ferrari.com. Ferrari N.V. 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
Phone39-05-3694-9111
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$4.04 billion
Profitability
Miscellaneous
Employees3,851
Next Earnings Date5/7/2019 (Confirmed)
OptionableOptionable
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 often does Ferrari pay dividends? What is the dividend yield for Ferrari?
Ferrari announced an annual dividend on Thursday, February 28th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.1677 per share on Thursday, May 2nd. This represents a dividend yield of 0.91%. The ex-dividend date is Tuesday, April 23rd. This is a positive change from Ferrari's previous annual dividend of $0.88. View Ferrari's Dividend History.
How were Ferrari's earnings last quarter?
Ferrari NV (NYSE:RACE) issued its quarterly earnings results on Thursday, January, 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.88 by $0.26. The company earned $964.27 million during the quarter, compared to the consensus estimate of $967.04 million. Ferrari had a net margin of 22.91% and a return on equity of 58.04%. View Ferrari's Earnings History.
When is Ferrari's next earnings date?
How can I listen to Ferrari's earnings call?
Ferrari will be holding an earnings conference call on Tuesday, May 7th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Ferrari issued on next quarter's earnings?
Ferrari issued an update on its FY 2019 earnings guidance on Thursday, January, 31st. The company provided earnings per share guidance of $4.03-4.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.38. The company issued revenue guidance of $4.025 billion, compared to the consensus revenue estimate of $4.23 billion.
What price target have analysts set for RACE?
7 brokerages have issued 12-month target prices for Ferrari's stock. Their predictions range from $112.29 to $140.00. On average, they expect Ferrari's share price to reach $130.5725 in the next year. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Ferrari.
What is the consensus analysts' recommendation for Ferrari?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ferrari.
Has Ferrari been receiving favorable news coverage?
News articles about RACE stock have trended very negative on Thursday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ferrari earned a news impact score of -3.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
Who are some of Ferrari's key competitors?
Some companies that are related to Ferrari include VOLKSWAGEN AG/ADR (VWAGY), VOLKSWAGEN (VLKAY), Daimler (DDAIF), General Motors (GM), Honda Motor (HMC), Tesla (TSLA), Ford Motor (F), Fiat Chrysler Automobiles (FCAU), VOLVO AB/ADR (VLVLY), Nissan Motor (NSANY), PACCAR (PCAR), PEUGEOT SA/ADR (PUGOY), GEELY AUTOMOBIL/ADR (GELYY), Hyundai Motor (HYMLF) and SUBARU CORP/ADR (FUJHY).
What other stocks do shareholders of Ferrari own?
Who are Ferrari's key executives?
Ferrari's management team includes the folowing people:
- Mr. Louis C. Camilleri BA, CEO & Exec. Director (Age 64)
- Mr. Antonio Picca Piccon, Chief Financial Officer
- Mr. Michael Hugo Leiters, Chief Technology Officer (Age 48)
- Ms. Nicoletta Russo, Head of Investor Relations
- Mr. Carlo Daneo, Gen. Counsel
Who are Ferrari's major shareholders?
Ferrari's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Baskin Financial Services Inc. (0.05%), Virtu Financial LLC (0.00%), Quantitative Systematic Strategies LLC (0.00%), Wedbush Securities Inc. (0.00%), Carroll Financial Associates Inc. (0.00%) and Burns J W & Co. Inc. NY (0.00%).
Which institutional investors are buying Ferrari stock?
RACE stock was acquired by a variety of institutional investors in the last quarter, including Baskin Financial Services Inc., Quantitative Systematic Strategies LLC, Virtu Financial LLC, Burns J W & Co. Inc. NY, Carroll Financial Associates Inc., FNY Investment Advisers LLC, Quad Cities Investment Group LLC and Wedbush Securities Inc..
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 $137.69.
How big of a company is Ferrari?
Ferrari has a market capitalization of $26.02 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.
What is Ferrari's official website?
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 39-05-3694-9111.
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.
