Ferrari (NYSE:RACE) Updates FY 2025 Earnings Guidance

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

Analyst Ratings Changes

RACE has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Ferrari from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $385.00 to $525.00 in a report on Friday, October 11th. StockNews.com lowered Ferrari from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Evercore ISI increased their price objective on Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, UBS Group lifted their target price on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $507.14.

Ferrari Stock Performance

Shares of RACE stock traded up $34.87 on Tuesday, hitting $463.81. 509,886 shares of the stock were exchanged, compared to its average volume of 288,932. The firm has a market capitalization of $113.05 billion, a PE ratio of 53.96, a P/E/G ratio of 3.72 and a beta of 0.95. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $433.65 and its two-hundred day moving average is $448.70. Ferrari has a one year low of $368.80 and a one year high of $498.23.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.13. Ferrari had a return on equity of 44.67% and a net margin of 22.16%. Sell-side analysts expect that Ferrari will post 8.59 earnings per share for the current fiscal 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.