Ferrari (NYSE:RACE) Updates FY 2026 Earnings Guidance

Ferrari (NYSE:RACEGet Rating) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of $8.08-$8.98 for the period. The company issued revenue guidance of -$7.52 billion. Ferrari also updated its FY 2022 guidance to $5.11-$5.33 EPS.

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Ferrari from $230.00 to $210.00 in a research note on Monday, April 25th. BNP Paribas raised shares of Ferrari from a neutral rating to an outperform rating and set a $255.00 price objective for the company in a research note on Tuesday, April 12th. UBS Group lifted their price objective on shares of Ferrari from $260.00 to $263.00 and gave the stock a buy rating in a research note on Monday, April 4th. Morgan Stanley lowered their target price on shares of Ferrari from $350.00 to $300.00 and set an overweight rating for the company in a research note on Tuesday, May 24th. Finally, StockNews.com raised shares of Ferrari from a hold rating to a buy rating in a research note on Monday, June 20th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $249.90.

NYSE:RACE opened at $187.94 on Friday. Ferrari has a 1-year low of $167.45 and a 1-year high of $278.78. The company has a 50-day moving average of $191.74 and a 200 day moving average of $214.98. The firm has a market cap of $34.72 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 3.48 and a beta of 0.94. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.82 and a quick ratio of 3.24.

Ferrari (NYSE:RACEGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.17 billion. Ferrari had a net margin of 19.46% and a return on equity of 40.26%. Sell-side analysts anticipate that Ferrari will post 4.89 EPS for the current fiscal year.

The company also recently announced an annual dividend, which was paid on Friday, May 6th. Shareholders of record on Wednesday, April 20th were issued a $1.362 dividend. The ex-dividend date was Tuesday, April 19th. This represents a yield of 0.66%.

A number of institutional investors have recently made changes to their positions in RACE. Compton Capital Management Inc. RI increased its holdings in shares of Ferrari by 16.7% during the first quarter. Compton Capital Management Inc. RI now owns 1,400 shares of the company’s stock valued at $305,000 after acquiring an additional 200 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Ferrari by 54.8% during the first quarter. Private Advisor Group LLC now owns 1,553 shares of the company’s stock valued at $339,000 after acquiring an additional 550 shares in the last quarter. KB Financial Partners LLC increased its holdings in shares of Ferrari by 20.1% during the first quarter. KB Financial Partners LLC now owns 1,718 shares of the company’s stock valued at $375,000 after acquiring an additional 287 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Ferrari by 9.2% during the first quarter. Cetera Investment Advisers now owns 2,556 shares of the company’s stock valued at $565,000 after acquiring an additional 215 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in Ferrari by 2.1% in the 1st quarter. Blair William & Co. IL now owns 3,112 shares of the company’s stock worth $679,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 38.36% of the company’s stock.

Ferrari Company Profile (Get Rating)

Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.

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