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

Ferrari (NYSE:RACE) issued its quarterly earnings data on Tuesday. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.13, Zacks reports. Ferrari had a return on equity of 44.67% and a net margin of 22.16%. Ferrari updated its FY 2025 guidance to 9.180- EPS.

Ferrari Stock Up 7.7 %

Shares of NYSE:RACE opened at $461.81 on Tuesday. The firm has a market capitalization of $112.57 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 3.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. Ferrari has a 52-week low of $368.80 and a 52-week high of $498.23. The firm has a fifty day moving average of $433.65 and a 200 day moving average of $448.70.

Analyst Ratings Changes

RACE has been the subject of several recent analyst reports. UBS Group upped their target price on Ferrari from $478.00 to $513.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded Ferrari from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $385.00 to $525.00 in a research note on Friday, October 11th. StockNews.com downgraded shares of Ferrari from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI upped their price target on shares of Ferrari from $475.00 to $565.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $507.14.

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.