Ferrari (NYSE:RACE) Updates FY 2025 Earnings Guidance

Ferrari (NYSE:RACE) updated its FY 2025 earnings guidance on Tuesday. 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Ferrari from a “neutral” rating to an “overweight” rating and raised their price target for the company from $385.00 to $525.00 in a report on Friday, October 11th. UBS Group raised their price target on shares of Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Ferrari from $475.00 to $565.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays lowered shares of Ferrari from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Finally, StockNews.com lowered shares of Ferrari from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Ferrari has an average rating of “Hold” and a consensus target price of $507.14.

Ferrari Stock Performance

Shares of NYSE:RACE traded down $1.53 during trading on Thursday, reaching $462.66. 229,508 shares of the company’s stock traded hands, compared to its average volume of 317,972. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. Ferrari has a 12 month low of $375.31 and a 12 month high of $498.23. The company has a 50 day moving average of $434.75 and a 200-day moving average of $449.16. The stock has a market capitalization of $112.77 billion, a P/E ratio of 53.74, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95.

Ferrari (NYSE:RACE) last posted its earnings results on Tuesday, November 5th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.03). Ferrari had a return on equity of 44.67% and a net margin of 22.16%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company posted $1.98 EPS. Ferrari’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that Ferrari will post 8.59 EPS for the current year.

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.