Ferrari (NYSE:RACE) will be announcing its earnings results before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Ferrari has set its FY 2020
Pre-Market guidance at 2.65-3.42 EPS and its FY20 guidance at $2.40-3.10 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Ferrari (NYSE:RACE) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. Ferrari had a net margin of 18.23% and a return on equity of 47.13%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $852.32 million. On average, analysts expect Ferrari to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Ferrari stock opened at $181.70 on Friday. The company has a fifty day moving average price of $174.30 and a 200 day moving average price of $163.55. The company has a current ratio of 3.98, a quick ratio of 3.39 and a debt-to-equity ratio of 1.39. Ferrari has a twelve month low of $127.73 and a twelve month high of $185.36. The stock has a market cap of $33.67 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 4.90 and a beta of 0.92.
A number of analysts recently weighed in on RACE shares. HSBC reaffirmed a “buy” rating on shares of Ferrari in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Ferrari from $133.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, June 19th. Kepler Capital Markets raised shares of Ferrari to a “buy” rating in a research report on Thursday, June 18th. Royal Bank of Canada assumed coverage on shares of Ferrari in a report on Wednesday, July 8th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley boosted their price objective on shares of Ferrari from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Ferrari presently has an average rating of “Buy” and a consensus target price of $172.67.
Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.
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