Ferrari (NYSE:RACE – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.64 per share for the quarter. Ferrari has set its FY 2023 guidance at $6.81-$6.98 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Ferrari (NYSE:RACE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.22. Ferrari had a return on equity of 40.70% and a net margin of 19.60%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. On average, analysts expect Ferrari to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Ferrari Stock Down 0.5 %
Shares of NYSE RACE opened at $299.33 on Thursday. Ferrari has a one year low of $188.93 and a one year high of $329.88. The business has a 50-day moving average price of $303.25 and a two-hundred day moving average price of $302.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.04 and a current ratio of 3.91.
Institutional Trading of Ferrari
Wall Street Analyst Weigh In
RACE has been the subject of a number of recent research reports. Sanford C. Bernstein raised their price target on Ferrari from $250.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $340.00 price target on shares of Ferrari in a research note on Monday, July 31st. StockNews.com initiated coverage on Ferrari in a research note on Thursday, October 5th. They set a “buy” rating for the company. Jefferies Financial Group raised their price target on Ferrari from $275.00 to $300.00 and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, Bank of America raised their price objective on Ferrari from $350.00 to $380.00 in a research note on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.36.
Get Our Latest Stock Report on RACE
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.
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