Ferrari (NYSE: RACE – Get Rating) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $ 8.08- $ 8.98 for the period. The company issued revenue guidance of – $ 7.52 billion. Ferrari also updated its FY 2022 guidance to $ 5.11- $ 5.33 EPS.
Several equities analysts recently commented on the company. Kepler Capital Markets upgraded Ferrari from a reduce rating to a hold rating in a research report on Wednesday, June 8th. Cheuvreux upgraded Ferrari from a reduce rating to a hold rating in a research report on Wednesday, June 8th. BNP Paribas upgraded Ferrari from a neutral rating to an outperform rating and set a $ 255.00 target price for the company in a research report on Tuesday, April 12th. JPMorgan Chase & Co. cut their target price on Ferrari from $ 230.00 to $ 210.00 in a research report on Monday, April 25th. Finally, StockNews.com upgraded Ferrari from a hold rating to a buy rating in a research report on Monday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Ferrari has a consensus rating of Moderate Buy and an average target price of $ 249.90.
NYSE RACE opened at $ 183.75 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 3.24 and a current ratio of 3.82. Ferrari has a 52 week low of $ 167.45 and a 52 week high of $ 278.78. The stock has a fifty-day moving average of $ 196.28 and a 200-day moving average of $ 218.59. The stock has a market capitalization of $ 33.95 billion, a P / E ratio of 33.84, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94.
Ferrari (NYSE: RACE – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $ 1.45 EPS for the quarter, topping analysts’ consensus estimates of $ 1.26 by $ 0.19. Ferrari had a return on equity of 40.26% and a net margin of 19.46%. The business had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.17 billion. Equities research analysts forecast that Ferrari will post 4.89 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which was paid on Friday, May 6th. Investors of record on Wednesday, April 20th were paid a dividend of $ 1,362 per share. The ex-dividend date was Tuesday, April 19th. This represents a dividend yield of 0.66%.
A number of large investors have recently bought and sold shares of RACE. Vanguard Group Inc. grew its stake in Ferrari by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,242,136 shares of the company’s stock valued at $ 925,168,000 after acquiring an additional 151,938 shares during the period. BlackRock Inc. grew its stake in Ferrari by 3.3% in the first quarter. BlackRock Inc. now owns 1,066,538 shares of the company’s stock valued at $ 232,602,000 after acquiring an additional 33,643 shares during the period. Royal London Asset Management Ltd. acquired a new position in Ferrari in the first quarter valued at about $ 3,327,000. Invesco Ltd. lifted its holdings in shares of Ferrari by 12.2% in the first quarter. Invesco Ltd. now owns 51,451 shares of the company’s stock valued at $ 11,222,000 after purchasing an additional 5,579 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ferrari by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 67,953 shares of the company’s stock valued at $ 14,820,000 after purchasing an additional 5,286 shares in the last quarter. 38.36% of the stock is owned by hedge funds and other institutional investors.
Ferrari Company Profile (Get Rating)
Ferrari NV, through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.
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