Ferrari (RACE) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RACE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RACE, but not buy additional shares or sell existing shares.
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10 brokerages have issued 12 month price objectives for Ferrari's stock. Their RACE share price targets range from $260.00 to $512.00. On average, they predict the company's share price to reach $393.86 in the next year. This suggests that the stock has a possible downside of 3.6%.
View analysts price targets for RACE or view top-rated stocks among Wall Street analysts.

Ferrari's stock was trading at $338.43 at the start of the year. Since then, RACE shares have increased by 20.7% and is now trading at $408.65.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our RACE earnings forecast.

Ferrari (NYSE:RACE) announced its earnings results on Thursday, February, 1st. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.15. The company earned $1.64 billion during the quarter, compared to the consensus estimate of $1.61 billion. Ferrari had a net margin of 21.06% and a trailing twelve-month return on equity of 43.84%.

Ferrari announced an annual dividend on Saturday, April 13th. Investors of record on Tuesday, April 23rd will be paid a dividend of $2.443 per share on Friday, May 3rd. This represents a dividend yield of 0.62%. The ex-dividend date is Monday, April 22nd.
Read our dividend analysis for RACE.

Ferrari (NYSE:RACE) pays an annual dividend of $0.51 per share and currently has a dividend yield of 0.00%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RACE will have a dividend payout ratio of 5.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RACE.

Ferrari updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 8.070- for the period, compared to the consensus EPS estimate of 8.260. The company issued revenue guidance of $6.9 billion-, compared to the consensus revenue estimate of $7.1 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Netflix (NFLX), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Salesforce (CRM) and Walt Disney (DIS).

Ferrari's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Rheos Capital Works Inc. (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.00%), Allspring Global Investments Holdings LLC (0.00%), Douglas Lane & Associates LLC (0.00%), Stonebridge Capital Management Inc. (0.00%) and Maryland State Retirement & Pension System (0.00%).

Shares of RACE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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