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

Ferrari (NYSE:RACE) posted its quarterly earnings results on Tuesday. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 8.5 %

Shares of RACE stock traded up $36.27 on Tuesday, hitting $465.21. The company had a trading volume of 312,535 shares, compared to its average volume of 284,187. Ferrari has a twelve month low of $368.80 and a twelve month high of $498.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. The firm has a market cap of $113.40 billion, a P/E ratio of 54.22, a P/E/G ratio of 3.72 and a beta of 0.95. The stock’s 50-day moving average is $433.65 and its two-hundred day moving average is $448.70.

Analyst Ratings Changes

Several brokerages recently weighed in on RACE. StockNews.com downgraded Ferrari from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. 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 research note on Wednesday, November 6th. JPMorgan Chase & Co. upgraded shares of Ferrari from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $385.00 to $525.00 in a research report on Friday, October 11th. Finally, Evercore ISI raised their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Ferrari 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.