0RDT.IL - FERRARI NV FERRARI ORD SHS

IOB - IOB Delayed price. Currency in EUR
141.07
+1.10 (+0.79%)
At close: 4:45PM BST
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Previous close139.98
Open141.50
Bid0.00 x 0
Ask0.00 x 0
Day's range139.10 - 141.55
52-week range84.08 - 152.60
Volume72,534
Avg. volume74,457
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • How to Invest in Car Stocks
    Motley Fool

    How to Invest in Car Stocks

    Here's what you need to know to find the gems in a fast-changing industry.

  • Ferrari Continues to Wow Investors With Steady Performance and New Cars
    Motley Fool

    Ferrari Continues to Wow Investors With Steady Performance and New Cars

    Ferrari's earnings were positive, but the update on its upcoming cars stole the show.

  • Why Ferrari Is Recession-Resilient
    Motley Fool

    Why Ferrari Is Recession-Resilient

    The automaker should see strong demand even in a tough economy, due to its status as an ultraluxury brand and its two-year waiting list.

  • Why Ferrari Is Sputtering after Its Q2 Results
    Market Realist

    Why Ferrari Is Sputtering after Its Q2 Results

    Ferrari (RACE) stock was down 2.4% as of 1:23 PM ET today. The luxury sports car maker reported strong second-quarter results today.

  • Ferrari's Profit Rose 8%, but Sales Growth Slowed
    Motley Fool

    Ferrari's Profit Rose 8%, but Sales Growth Slowed

    The company did well, but was it enough to satisfy investors?

  • Ferrari N.V. (RACE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Ferrari N.V. (RACE) Q2 2019 Earnings Call Transcript

    RACE earnings call for the period ending July 30, 2019.

  • Ferrari's Growth Momentum on Profit, Shipments Slows Down
    Bloomberg

    Ferrari's Growth Momentum on Profit, Shipments Slows Down

    (Bloomberg) -- Supercar manufacturers typically operate in the rarefied sphere of recession-proof consumption, where wealthy customers possess enough money to drop $300,000 or more on their purchases.On Friday, Ferrari NV experienced the limits of that behavior, reporting growth in the second quarter far behind the first three months of the year, sending its stock tumbling. Both profit and shipments slowed from more buoyant demand at the start of the year.The shares fell as much as 6.9%, before closing 4.4% lower in Milan trading. Ferrari fell the most in almost ten months after climbing 70% this year before Friday’s setback. Some investors had hoped to see a raised outlook, which didn’t materialize. It shows even a supercar maker isn’t immune to a car market that has rapidly deteriorated in recent months, with companies from Daimler to BMW to Toyota cutting their goals as customers have second thoughts about purchases.The company’s deliveries rose 8% during the second quarter compared with last year, less than a 23% gain during the first three months of the year, Ferrari said. Sequentially, shipments and profits were flat. The slowdown followed rival Aston Martin Lagonda this week reporting lower vehicle prices, an ominous development for an elite brand.Still, Chief Executive Officer Louis Camilleri pointed to an acceleration in demand in coming months.“Ferrari’s order book has reached record-levels,” Camilleri told analysts on a call, with the pace of orders set to quicken during the remainder of the year.The carmaker plans to unveil a record five new models in the coming months with a goal of delivering about 10,000 vehicles in 2019, he said. That’s up from total shipments of 9,251 cars last year.Operating return on sales was “a touch” worse than expectations, Mediobanca analyst Andrea Balloni said in a note. Ferrari’s own forecast range on annual operating profit is below market expectations, he said.While rising sales of the entry-level Portofino model continue to drive volumes, this was partially offset by lower deliveries of high-end vehicles like the 488 GTB, Ferrari said. Adjusted earnings before interest and amortization rose to 314 million euros ($349 million). Analysts’ estimates averaged 315.1 million euros.Ferrari’s results remain more encouraging than the profit warnings and sharp declines in profit across other manufacturers. The industry faces an economic slowdown and trade tensions against a backdrop of the need for unprecedented spending on electric cars.Demand in China has shrunk 12% through June, as Ferrari’s deliveries in the world’s biggest car market jumped up by more than half.Ferrari fell 3.8% to 143.70 euros at 5:34 p.m. in Milan trading.Profit GoalCEO Camilleri is pursuing a target to generate 2 billion euros in operating profit before some items no later than 2022 for the brand with the prancing-horse logo. To get there, he’s planning more profit-boosting limited-edition sports cars.In May, Ferrari showed off its plug-in hybrid designed for a full production run, the 1,000-horsepower SF90 Stradale, designed to keep pace with tightening emissions regulations while still satisfying its power-hungry customers.\--With assistance from Karen Lin.To contact the reporter on this story: Daniele Lepido in Milan at dlepido1@bloomberg.netTo contact the editors responsible for this story: Elisabeth Behrmann at ebehrmann1@bloomberg.net, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 3-Ferrari shares fall after it fails to upgrade guidance despite earnings rise

    Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. For 2019, Ferrari forecasts its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to rise around 10% to between 1.2-1.25 billion euros. Chief Executive Louis Camilleri said there were several factors behind the decision not to lift earnings guidance.

  • Ferrari shares fall after it fails to upgrade guidance despite earnings rise
    Reuters

    Ferrari shares fall after it fails to upgrade guidance despite earnings rise

    Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. For 2019, Ferrari forecasts its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to rise around 10% to between 1.2-1.25 billion euros. Chief Executive Louis Camilleri said there were several factors behind the decision not to lift earnings guidance.

  • Auto Industry Earnings This Week: RACE, FCAU, GM
    Market Realist

    Auto Industry Earnings This Week: RACE, FCAU, GM

    Auto industry majors Ferrari (RACE), Fiat Chrysler Automobiles (FCAU), and General Motors (GM) are all set to report their second-quarter earnings this week.

  • Reuters - UK Focus

    UPDATE 2-Motor racing-Leclerc keeps Ferrari on top in practice

    Ferrari's Charles Leclerc was fastest in practice at the German Grand Prix on Friday, trading places with team mate Sebastian Vettel at the top of the timesheets, while Pierre Gasly crashed his Red Bull. Leclerc was 0.124 seconds quicker than home hero Vettel in the afternoon session at a scorching Hockenheim, with a best lap of one minute 13.449 seconds.

  • Chevy reveals new 2020 Corvette Stingray as it guns for Ferrari with first mid-engine design
    CNBC

    Chevy reveals new 2020 Corvette Stingray as it guns for Ferrari with first mid-engine design

    The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds" when equipped with an optional performance package, the automaker claims.

  • Reuters - UK Focus

    Motor racing-Vettel struggling to get the right feel for his Ferrari

    Sebastian Vettel said he had struggled to get the right feel for his Ferrari after qualifying a disappointing sixth at the British Grand Prix on Saturday. The four-times world champion, and last year's race winner at Silverstone, will line up a row behind Monegasque team mate Charles Leclerc, in third, and with both the Red Bulls also ahead of him. It was the third race in a row that Vettel had been out-qualified by the 21-year-old, in Leclerc's first full season with Ferrari.

  • These are the top 10 most Instagrammed cars — only one is a supercar
    CNBC

    These are the top 10 most Instagrammed cars — only one is a supercar

    The most Instagrammed car in the world got nearly 12 million hashtags, according to Veygo.

  • Reuters - UK Focus

    UPDATE 2-Motor racing-Bottas crashes in Austrian GP practice, Ferrari fastest

    Valtteri Bottas and Max Verstappen crashed in an accident-strewn Austrian Grand Prix practice on Friday while Charles Leclerc stayed out of trouble and sent Ferrari back to the top of the timesheets. Bottas was sent to the medical centre as a precaution after smashing head-on into the barriers at the downhill turn six, with his badly damaged Mercedes brought back to the pits on a truck. The incident on a gusty day at the Red Bull Ring brought out red flags for the second time in an error-strewn afternoon session, with last year's race winner Verstappen also caught out.

  • Reuters - UK Focus

    Motor racing-Ferrari dismiss speculation about aerodynamic boost

    Ferrari have poured cold water on speculation they have discovered an aerodynamic mapping error that has cost them precious lap time in the battle with Formula One champions Mercedes. The sport's oldest and most successful team looked as if they were a step ahead in pre-season testing but Mercedes have won all seven races so far, including one-two finishes in the first five. Motorsport magazine reported speculation an 'aero glitch', a discrepancy between the wind tunnel and track data, had cost Ferrari 0.3 seconds a lap.

  • Reuters - UK Focus

    UPDATE 2-Motor racing-Mercedes dominate French Grand Prix practice

    Mercedes dominated French Grand Prix practice on Friday with Formula One championship leader Lewis Hamilton and team mate Valtteri Bottas each top of the timesheets in soaring temperatures. Ferrari, whose attempt to overturn the result of the previous Canadian race and have Sebastian Vettel restored as winner was later dashed by stewards, were once again the best of the rest.

  • Reuters - UK Focus

    UPDATE 1-Motor racing-Ferrari may seek review of Canadian stewards' decision

    Ferrari will not formally appeal the penalty that cost Sebastian Vettel victory in the Canadian Grand Prix, the team said on Thursday, but could still seek a review of the decision by presenting fresh evidence. The team had said on Sunday they intended to appeal after stewards handed Vettel a five-second penalty for going off track and returning in what they deemed to be an unsafe fashion.

  • Reuters - UK Focus

    Motor racing-Ferrari set to drop protest, seek review of Canada penalty

    Ferrari will not formally appeal the penalty that cost Sebastian Vettel victory in the Canadian Grand Prix, sources said on Thursday, but could still seek a review of the decision by presenting fresh evidence. The deadline for the Formula One team to lodge a formal protest is Thursday evening, 96 hours after the end of the race in Montreal. A source at the governing International Automobile Federation (FIA) told Reuters the team would not be making a formal appeal.

  • These Ads Could Be Bad for Your Financial Health
    Bloomberg

    These Ads Could Be Bad for Your Financial Health

    Of course the 2CV wasn’t as fast a Ferrari -- unless the Ferrari had the brakes on. If only one could say the same of today’s ads for retirement products. This suggests that the annuity could have delivered a return slightly better than the S&P 500, but without the latter’s volatile swings.

  • Ferrari's first plug-in hybrid is here -- and it's faster than ever
    TechCrunch

    Ferrari's first plug-in hybrid is here -- and it's faster than ever

    Ferrari has finally cracked open the door for electrification. The Italian supercar manufacturer unveiled the SF90 Stradale, its first plug-in hybrid. Purists might turn their noses up to Stradale's mere 15.5 miles of all electric range.

  • Reuters

    Ferrari accelerates its move into hybrid cars

    Ferrari presented a luxury car with a difference on Wednesday -- a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour. Fitted with a 1,000 horsepower engine developed from Formula One, the new 4WD SF90 Stradale hybrid sports car was proudly displayed at the company's historic base in Maranello, near Modena, in northern Italy. Chief Executive Louis Camilleri described the new car as "astounding, fast and completely revolutionary".

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