Ferrari (NYSE:RACE) Releases FY 2025 Earnings Guidance

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

Ferrari Stock Up 8.1 %

Shares of Ferrari stock traded up $34.87 on Tuesday, reaching $463.81. The company’s stock had a trading volume of 509,886 shares, compared to its average volume of 288,932. Ferrari has a 52 week low of $368.80 and a 52 week high of $498.23. The firm’s fifty day simple moving average is $433.65 and its two-hundred day simple moving average is $448.70. 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 company has a market capitalization of $113.05 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 3.72 and a beta of 0.95.

Ferrari (NYSE:RACE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $2.28 EPS for the quarter, topping 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%. Equities analysts anticipate that Ferrari will post 8.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RACE has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com lowered shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. UBS Group lifted their price objective on Ferrari from $478.00 to $513.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upgraded 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 research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Ferrari presently has a consensus rating of “Moderate Buy” and an average target price of $507.14.

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.