Ferrari (NYSE:RACE) Releases Earnings Results, Beats Estimates By $0.10 EPS

Ferrari (NYSE:RACE) posted its earnings results on Tuesday. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.10, Zacks reports. Ferrari had a return on equity of 45.41% and a net margin of 22.95%. Ferrari updated its FY 2025 guidance to 10.290- EPS.

Ferrari Stock Performance

Shares of NYSE RACE traded up $12.10 during midday trading on Tuesday, hitting $404.13. 950,839 shares of the company’s stock were exchanged, compared to its average volume of 494,149. The firm has a market cap of $97.95 billion, a P/E ratio of 41.72, a PEG ratio of 4.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. Ferrari has a twelve month low of $372.31 and a twelve month high of $519.10. The stock’s 50 day moving average price is $451.64 and its 200-day moving average price is $467.43.

Analyst Ratings Changes

A number of brokerages recently weighed in on RACE. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. HSBC raised Ferrari from a “hold” rating to a “buy” rating and set a $470.00 price objective on the stock in a research note on Thursday, October 2nd. Zacks Research downgraded Ferrari from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. UBS Group lowered their price objective on Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, Citigroup decreased their price objective on Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $501.14.

Hedge Funds Weigh In On Ferrari

Hedge funds have recently bought and sold shares of the business. Viking Global Investors LP raised its stake in shares of Ferrari by 432.7% in the second quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after acquiring an additional 585,872 shares during the last quarter. Man Group plc increased its holdings in shares of Ferrari by 463.4% during the second quarter. Man Group plc now owns 62,880 shares of the company’s stock worth $30,858,000 after purchasing an additional 51,719 shares during the period. BNP Paribas Financial Markets boosted its position in Ferrari by 102.4% in the second quarter. BNP Paribas Financial Markets now owns 93,659 shares of the company’s stock valued at $45,962,000 after buying an additional 47,387 shares in the last quarter. Shellback Capital LP bought a new position in Ferrari during the second quarter worth $14,722,000. Finally, SALT Holding Corp. increased its stake in Ferrari by 41.6% in the second quarter. SALT Holding Corp. now owns 42,500 shares of the company’s stock valued at $20,856,000 after purchasing an additional 12,490 shares in the last quarter.

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.