Ferrari - RACE Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RACE shares.
View RACE analyst ratings or view top-rated stocks.

12 Wall Street analysts have issued 12-month price targets for Ferrari's stock. Their RACE share price forecasts range from $180.00 to $330.00. On average, they expect the company's share price to reach $250.06 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
View analysts price targets for RACE or view top-rated stocks among Wall Street analysts.

Ferrari's stock was trading at $214.22 on January 1st, 2023. Since then, RACE stock has increased by 21.4% and is now trading at $260.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our RACE earnings forecast.

Ferrari (NYSE:RACE) posted its quarterly earnings results on Tuesday, November, 2nd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. The business earned $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. Ferrari had a trailing twelve-month return on equity of 39.77% and a net margin of 18.44%. During the same period in the prior year, the business earned $1.08 earnings per share.

Ferrari declared an annual dividend on Thursday, April 14th. Shareholders of record on Wednesday, April 20th will be given a dividend of $1.362 per share on Friday, May 6th. This represents a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, April 19th.
Read our dividend analysis for RACE.

Ferrari (NYSE:RACE) pays an annual dividend of $0.51 per share and currently has a dividend yield of 0.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RACE will have a dividend payout ratio of 7.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RACE.

Ferrari updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $6.12-$6.33 for the period, compared to the consensus estimate of $6.43. The company issued revenue guidance of $5.82 billion-$5.82 billion, compared to the consensus revenue estimate of $6.02 billion.

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

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

Ferrari's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (4.14%), Bank of Italy (0.00%), AKO Capital LLP (0.52%), AustralianSuper Pty Ltd (0.00%), Allspring Global Investments Holdings LLC (0.15%) and Bank of Montreal Can (0.00%).

Shares of RACE stock 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 $260.04.

Ferrari (NYSE:RACE) has a market capitalization of $48.04 billion and generates $4.90 billion in revenue each year. The company earns $982.88 million in net income (profit) each year or $5.38 on an earnings per share basis.

The company employs 4,609 workers across the globe.

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The official website for the company is www.ferrari.com. The company can be reached via phone at 390536949111.