Ferrari (NYSE:RACE) Issues FY 2025 Earnings Guidance

Ferrari (NYSE:RACE - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 9.180- for the period, compared to the consensus estimate of 9.000. The company issued revenue guidance of $7.5 billion-, compared to the consensus revenue estimate of $7.2 billion.

Analysts Set New Price Targets

Several research firms recently issued reports on RACE. Evercore ISI increased their price target on shares of Ferrari from $475.00 to $565.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. UBS Group boosted their target price on shares of Ferrari from $478.00 to $513.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com downgraded Ferrari from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upgraded Ferrari from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $385.00 to $525.00 in a report on Friday, October 11th. Finally, Barclays downgraded Ferrari from an "overweight" rating to an "equal weight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $507.14.

Ferrari Stock Up 0.7 %

Ferrari stock traded up $3.43 during trading hours on Wednesday, hitting $462.73. The company had a trading volume of 396,971 shares, compared to its average volume of 315,127. The firm has a market capitalization of $112.79 billion, a P/E ratio of 53.78, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. The firm's fifty day moving average is $434.09 and its 200-day moving average is $449.06. Ferrari has a fifty-two week low of $373.79 and a fifty-two week high of $498.23.

Ferrari (NYSE:RACE - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.03). The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ferrari had a return on equity of 44.67% and a net margin of 22.16%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 earnings per share. On average, research analysts forecast that Ferrari will post 8.59 earnings per share for the current year.

Ferrari Company Profile

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.