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Ferrari NV (RACE)
NYSE:RACE
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RACE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$285.02 - $498.23
Previous Close$462.82
Volume308.43K
Average Volume (3M)248.59K
Market Cap
$113.35B
Enterprise Value$115.14B
Total Cash (Recent Filing)€1.12B
Total Debt (Recent Filing)€2.48B
Price to Earnings (P/E)55.8
Beta1.03
Next Earnings
Nov 05, 2024EPS Estimate
$2.22Last Dividend Ex-Date
Apr 22, 2024Dividend Yield0.57%
Share Statistics
EPS (TTM)8.31
Shares Outstanding243,750,962
10 Day Avg. Volume275,903
30 Day Avg. Volume248,591
Standard Deviation0.08
R-Squared0.43
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)36.43
Price to Sales (P/S)16.99
Price to Cash Flow (P/CF)N/A
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
$469.51Price Target Upside2.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Ferrari News
PremiumCompany Announcements
Ferrari Advances Multibillion-Euro Buyback Plan
PremiumCompany Announcements
Ferrari Advances Multi-Year Share Buyback Plan
Bulls Say, Bears Say
Bulls Say
Financial PerformanceFerrari reported 2Q24 adjusted net income of EUR413mn, marking an 18% increase quarter-over-quarter and a 24% increase year-over-year, significantly beating expectations.
Market Position And StrategyFerrari's strong brand equity, exclusivity, engineering excellence, and significant presence in the car racing industry are key competitive strengths supporting its market position.
Order Book And SalesFerrari's vehicle lines are sold out until the end of their production life, with the order book stretching well into 2026.
Bears Say
DemandMajor slowdown in demand for its vehicles and headwinds in the execution of its BEV transition/strategy could post a downside earnings risk to the company.
Financial PerformanceCertain one-off costs during 2Q may impact financial performance.
Product MixIn 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 $285.02 and its highest was $498.23 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 Nov 05, 2024 which is in 47 days.
How were Ferrari NV’s earnings last quarter?
Ferrari NV released its earnings results on Aug 01, 2024. The company reported $2.548 earnings per share for the quarter, beating the consensus estimate of $2.265 by $0.284.
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 $2.72 which represents an annual dividend yield of 0.57%. See more information on Ferrari NV dividends here
What is Ferrari NV’s EPS estimate?
Ferrari NV’s EPS estimate is $2.22.
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 $2.548 in its last earnings report, beating expectations of $2.265. Following the earnings report the stock price went up 2.085%.
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 89M.
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Ferrari Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$469.51 (2.62% Upside)
$469.51 (2.62% Upside)
Blogger Sentiment
Bullish
RACE Sentiment 83%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 9.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 1.2%
Last 30 Days ▲ 1.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
54.76%
12-Months-Change
Fundamentals
Return on Equity
47.62%
Trailing 12-Months
Asset Growth
9.84%
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
Q2 2024
0:00 / 0:00
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RACE Stock 12 Month Forecast
Average Price Target
$469.51
▲(2.62% Upside)
Technical Analysis
Best Analysts Covering RACE
1 Year
1 Year Success Rate
26/28 ratings generated profit
1 Year Average Return
+33.61%
reiterated a buy rating 23 days ago
Copying Tom Narayan's trades and holding each position for 1 Year would result in 92.86% of your transactions generating a profit, with an average return of +33.61% per trade.
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