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Ferrari NV (RACE)
NYSE:RACE
Ferrari (RACE) Stock Price & Analysis
2,077 Followers
RACE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$283.20 - $439.98
Previous Close$416.31
Volume102.68K
Average Volume (3M)226.86K
Market Cap
$101.83B
Enterprise Value$103.65B
Total Cash (Recent Filing)€1.12B
Total Debt (Recent Filing)€2.48B
Price to Earnings (P/E)53.1
Beta1.05
Next Earnings
Aug 01, 2024EPS Estimate
$2.26Last Dividend Ex-Date
Apr 22, 2024Dividend Yield0.63%
Share Statistics
EPS (TTM)7.84
Shares Outstanding243,750,962
10 Day Avg. Volume201,511
30 Day Avg. Volume226,862
Standard Deviation0.08
R-Squared0.48
Alpha0.00861
Financial Highlights & Ratios
Price to Book (P/B)118.07
Price to Sales (P/S)12.53
Price to Cash Flow (P/CF)47.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$425.46Price Target Upside2.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Ferrari News
PremiumCompany Announcements
Ferrari Set to Unveil Q2 2024 Financials
PremiumCompany Announcements
Ferrari Advances Multi-Year Share Buyback Plan
PremiumCompany Announcements
Ferrari Advances in its €2 Billion Share Buyback
Bulls Say, Bears Say
Bulls Say
Financial PerformanceA strong contribution from the Daytona and series models can lead to an adjusted EBITDA margin of around 41% and an adjusted EBIT margin of around 31%.
Orderbook And Earnings VisibilityOrderbook remains impressive with orders filled through 2025, with most models substantially sold out, which helps to drive earnings visibility.
Revenue GrowthFerrari aims to achieve revenues of up to €6.7bn by 2026, driven by volume growth and strong product mix from the launch of 15 new models.
Bears Say
DemandKey risks include a major slowdown in demand for its vehicles and headwinds in the execution of its BEV transition/strategy, which could pose a downside earnings risk.
EarningsCertain one-off costs during 2Q may impact financial performance.
ShipmentsIn H2, the number of Daytona shipments will decline sequentially, with a negative impact on mix.
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Ownership Overview
Currently, No data available
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Ferrari
Desktop Users
Mobile Users
RACE FAQ
What was Ferrari NV’s price range in the past 12 months?
Ferrari NV lowest stock price was $283.20 and its highest was $439.98 in the past 12 months.
What is Ferrari NV’s market cap?
Currently, no data Available
When is Ferrari NV’s upcoming earnings report date?
Ferrari NV’s upcoming earnings report date is Aug 01, 2024 which is in 10 days.
How were Ferrari NV’s earnings last quarter?
Ferrari NV released its earnings results on May 07, 2024. The company reported $2.124 earnings per share for the quarter, beating the consensus estimate of $2.038 by $0.086.
Is Ferrari NV overvalued?
According to Wall Street analysts Ferrari NV’s price is currently Undervalued.
Does Ferrari NV pay dividends?
Ferrari NV pays a Annually dividend of $2.66 which represents an annual dividend yield of 0.63%. See more information on Ferrari NV dividends here
What is Ferrari NV’s EPS estimate?
Ferrari NV’s EPS estimate is $2.26.
How many shares outstanding does Ferrari NV have?
Ferrari NV has 193,923,500 shares outstanding.
What happened to Ferrari NV’s price movement after its last earnings report?
Ferrari NV reported an EPS of $2.124 in its last earnings report, beating expectations of $2.038. Following the earnings report the stock price went down -6.234%.
Which hedge fund is a major shareholder of Ferrari NV?
Among the largest hedge funds holding Ferrari NV’s share is Sands Capital Management LLC. It holds Ferrari NV’s shares valued at 96M.
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Ferrari Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$425.46 (2.20% Upside)
$425.46 (2.20% Upside)
Blogger Sentiment
Bullish
RACE Sentiment 81%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 63.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
30.48%
12-Months-Change
Fundamentals
Return on Equity
43.10%
Trailing 12-Months
Asset Growth
7.17%
Trailing 12-Months
Company Description
Ferrari NV
Italy-based Ferrari NV designs, manufactures 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. It participates in car racing such as Formula One.
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RACE Company Deck
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RACE Earnings Call
Q1 2024
0:00 / 0:00
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RACE Stock 12 Month Forecast
Average Price Target
$425.46
▲(2.20% Upside)
Technical Analysis
Best Analysts Covering RACE
1 Year
1 Year Success Rate
28/32 ratings generated profit
1 Year Average Return
+39.07%
assigned a buy rating 28 days ago
Copying Michael Binetti's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +39.07% per trade.
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