Ferrari (NYSE:RACE) Issues Quarterly Earnings Results

Ferrari (NYSE:RACE) posted its quarterly earnings results on Tuesday. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.13, Zacks reports. Ferrari had a return on equity of 44.67% and a net margin of 22.16%. Ferrari updated its FY 2025 guidance to 9.180- EPS.

Ferrari Price Performance

NYSE:RACE traded up $36.27 during trading hours on Tuesday, hitting $465.21. 312,535 shares of the company’s stock traded hands, compared to its average volume of 284,187. The firm has a market cap of $113.40 billion, a P/E ratio of 54.22, a P/E/G ratio of 3.72 and a beta of 0.95. The company has a quick ratio of 3.55, a current ratio of 4.57 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $433.65 and its two-hundred day simple moving average is $448.70. Ferrari has a 52 week low of $368.80 and a 52 week high of $498.23.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Ferrari from a “neutral” rating to an “overweight” rating and upped their price objective for the company 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 research report on Wednesday, October 16th. UBS Group increased their price target on Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Evercore ISI increased their target price on Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Ferrari presently has an average rating of “Moderate Buy” and an average target price of $507.14.

About Ferrari

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.