Ferrari (NYSE:RACE) Posts Earnings Results, Beats Expectations By $0.13 EPS

Ferrari (NYSE:RACE) announced its 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 net margin of 22.16% and a return on equity of 44.67%. Ferrari updated its FY 2025 guidance to 9.180- EPS.

Ferrari Trading Up 7.7 %

Shares of RACE stock opened at $461.81 on Tuesday. The stock has a 50-day moving average of $433.65 and a 200-day moving average of $448.70. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93. Ferrari has a 1-year low of $368.80 and a 1-year high of $498.23. The stock has a market cap of $112.57 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 3.72 and a beta of 0.95.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RACE. UBS Group increased their price target on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded Ferrari from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI increased their price target on Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised shares of Ferrari from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $385.00 to $525.00 in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ferrari presently has a consensus 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.