RACE - Ferrari N.V.

NYSE - NYSE Delayed price. Currency in USD
163.93
-2.29 (-1.38%)
At close: 4:02PM EST
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Previous close166.22
Open166.16
Bid161.13 x 800
Ask166.70 x 1100
Day's range163.55 - 166.25
52-week range93.85 - 172.89
Volume288,519
Avg. volume348,639
Market cap41B
Beta (5Y Monthly)1.34
PE ratio (TTM)36.55
EPS (TTM)4.49
Earnings date31 Jan 2018 - 5 Feb 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2018-04-23
1y target est171.47
  • Ferrari Unveils Its New Roma Coupe
    Bloomberg

    Ferrari Unveils Its New Roma Coupe

    Nov.14 -- Ferrari has unveiled the Roma Coupe, a car recalling, according to the company, “a contemporary representation of the carefree, pleasurable way of life that characterized Rome in the 1950s and 1960s.” The car was unveiled to clients in Rome. The turbo-charged V8 propels the sports car to a top speed of almost 200 miles per hour.

  • Reuters - UK Focus

    UPDATE 2-Motor racing-Ferrari boss 'flattered' by Hamilton's interest

    Lewis Hamilton and Ferrari chairman John Elkann have met socially but talk of a move for the six times Formula One world champion is premature, according to chief executive Louis Camilleri. Ferrari had previously not confirmed the meetings, while not denying them either.

  • Ferrari CEO does not expect fully-electric model until after 2025
    Reuters

    Ferrari CEO does not expect fully-electric model until after 2025

    Ferrari won't have its first fully electric model ready until after 2025 as the battery technology requires more development, Chief Executive Louis Camilleri said, pushing back expectations. "The battery technology is not where it should be yet," Camilleri told reporters during a lunch in the Centro Stile at Ferrari's Maranello factory. Camilleri said Ferrari was "certainly" studying a fully electric grand tourer car (GT), but that it would stick to hybrid vehicles for the "current foreseeable future".

  • Did You Miss Ferrari's (NYSE:RACE) Impressive 185% Share Price Gain?
    Simply Wall St.

    Did You Miss Ferrari's (NYSE:RACE) Impressive 185% Share Price Gain?

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a...

  • Reuters - UK Focus

    Motor racing-Hamilton not ruling out a Ferrari switch

    Six times world champion Lewis Hamilton did not deny meeting Ferrari chairman John Elkann when asked on Sunday about speculation linking the Mercedes driver with a move to the Italian team in 2021. The next deal will probably be Hamilton’s last in Formula One and he has said he is considering options outside of Mercedes, where team principal Toto Wolff’s future is also up in the air. "What happens behind closed doors is always private with whoever it is you end up sitting with," Hamilton said in response to a question about Italian media reports that he had twice met Elkann.

  • Reuters - UK Focus

    UPDATE 3-Motor racing-Hamilton ends the F1 season in style in Abu Dhabi

    Six-times world champion Lewis Hamilton wrapped up the Formula One season in style on Sunday by cruising unchallenged to a dominant victory in Abu Dhabi in his 250th grand prix. The 34-year-old Mercedes driver led every lap from pole position to chequered flag, banging in a fastest lap for good measure to emphasise his supremacy under the Yas Marina floodlights.

  • Reuters - UK Focus

    Motor racing-Ferrari happy to hear Hamilton could be available in 2021

    Ferrari principal Mattia Binotto sang Lewis Hamilton's praises on Friday, fuelling speculation that the Italian team could seek to sign the six times Formula One world champion for 2021. "Lewis is certainly an outstanding driver, a fantastic driver," Binotto told reporters at the season-ending Abu Dhabi Grand Prix when asked if he would like to sign Mercedes' Briton.

  • New Roma model joins Ferrari's 'prancing horse' stable
    Reuters

    New Roma model joins Ferrari's 'prancing horse' stable

    Ferrari on Thursday rolled out the Roma, a record fifth new model announced this year, as the Italian luxury carmaker with the famous "prancing horse" logo looks to sustain profit and share price growth. The new grand tourer (GT) made its debut in an event inspired by director Federico Fellini's 1960 film "La Dolce Vita" held at Foro Italico, Rome's monumental sports centre and site of the 1960 Olympic games. GTs are designed to be more comfortable on long journeys than sports cars and some GTs from the 1960s among the most popular models at auctions of Ferraris.

  • Reuters

    Italy's Salini looking to wrap up Astaldi deal in first half of 2020

    Salini Impregilo expects to wrap up the acquisition of smaller building rival Astaldi early next year as it pushes ahead with plans to create a domestic construction champion, the group's general manager said on Wednesday. Italy's biggest construction company has made itself the cornerstone of a state-backed plan dubbed 'Project Italy' to revive the country's ailing construction industry by aggregating other players. The acquisition of Astaldi, currently under a Chapter 11-like credit protection scheme, is a key part of the project.

  • Hong Kong protests: How they're hurting big companies
    Yahoo Finance

    Hong Kong protests: How they're hurting big companies

    The ongoing pro-democracy protests in Hong Kong have ravaged the region and are threatening the safety and livelihood of residents — and businesses.

  • Ferrari Trails Behind Porsche in One Crucial Race
    Bloomberg

    Ferrari Trails Behind Porsche in One Crucial Race

    (Bloomberg Opinion) -- The mood music in the car sector is pretty melancholy right now because of Donald Trump’s trade wars and rising technology costs. But Ferrari NV is dancing to a different tune, thanks to its wealthy customers.Revenues rose 9% in the third quarter of 2019 and operating profit jumped 12% year-on-year, the Italian manufacturer reported Monday.Ferrari’s patrons are still ordering new cars despite worries that a recession might be around the corner; many are happy to pay a premium to personalize their vehicle. Ferrari was confident enough to raise its cash flow and profit guidance for 2019. On both metrics it should accomplish this year what it had planned to achieve in 2020. It even announced a more convincing strategy to extend its brand beyond cars, an area where it’s fallen short.The Italian company is making this look easy, but lifting sales while preserving exclusivity is a difficult balancing act in the luxury autos business; just look at the struggles of Aston Martin Lagonda Global Holdings Plc. That company’s shares have dropped 66% this year while Ferrari’s have gained 77%, valuing the prancing horse at more than 28 billion euros ($31 billion). That’s more than its former parent Fiat Chrysler Automobiles NV, which sells as many cars in a day as Ferrari does in a year. Investors would now have to fork out about 41 times estimated earnings to buy Ferrari stock, approaching the exalted 45 times multiple of handbag maker Hermes International. German premium carmaker BMW AG trades on less than 9 times earnings. While this is the very definition of a luxury problem for Ferrari, it still leaves very little room for error.When Ferrari listed its shares in 2015, it implored investors not to think of it as a regular carmaker but rather as a luxury goods company like Hermes. Much of that sales pitch made sense: Ferrari can charge plenty for its cars because customers expect them to hold their value or even increase. Its 25% operating profit margin is much higher than that of other carmakers and should be more resilient. There are waiting lists for some models. Unlike much of the industry, Ferrari sales held up in the last recession.Even so, it has to spend heavily on factory equipment and technology development (including for its struggling Formula 1 racing team). That will always be an impediment to matching Hermes’ operating profit margins, which exceed 35%.The biggest beef with Ferrari’s luxury company aspirations was that its non-car branded products, many produced under licensing agreements, weren’t appealing. What’s the point of a $100 Ferrari polo shirt or $250 wristwatch? Not so long ago you could even buy a Ferrari surfboard. While Ferrari dithered over how to improve things, the brand suffered.On Monday, the company sketched out a plan to slim down its clothing and accessories lines and move them upmarket with the assistance of Giorgio Armani SpA. Meanwhile, it will open driving simulation centers and expand in e-sports to get young customers excited about the brand. Within a decade it hopes these products and services will contribute about 10% of operating profit. That’s still far from certain — brand diversification is notoriously difficult — but the success of the core business leaves room for maneuver.Unlike peers such as Rolls-Royce Motor Cars and Volkswagen AG’s Lamborghini, Ferrari isn’t yet selling high-margin sports utility vehicles. The Italian carmaker’s Purosangue isn’t slated to arrive for a couple more years.But judging by Ferrari’s profit and loss statement, its refreshed product line, including the single-seat Monza SP1 and 812 Superfast, is delivering. Upcoming hybrid models such as the 1,000-horsepower SF90 Stradale supercar should increase confidence that Ferrari has the technical know-how for tougher emissions regulations.Still, it’s surprising that the carmaker seems in no hurry to build a fully electric car. Some caution is natural: An electric Ferrari won’t have the famous engine growl and some Ferrari purists are skeptical, management said on Monday’s investor call. Yet Porsche’s electric Taycan shows sportscar brands can deliver the same excitement with a much smaller carbon footprint. Ferrari proved skeptics wrong once before. It can do so again. To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Ferrari (RACE) Q3 Earnings and Revenues Surpass Estimates
    Zacks

    Ferrari (RACE) Q3 Earnings and Revenues Surpass Estimates

    Ferrari (RACE) delivered earnings and revenue surprises of 7.53% and 1.96%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Ferrari looks to capitalise on brand name as it promises faster growth
    Reuters

    Ferrari looks to capitalise on brand name as it promises faster growth

    Strong sales of Ferrari's Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth. Ferrari's Milan-listed shares rose as much as 7.4% to an all-time high of 155.15 euros after it reported "solid" third quarter results and signalled a strong year ahead. The 'Cavallino Rampante', or 'Prancing Horse', launched a plan to enhance its brand through new apparel and accessory collections, entertainment offers, and luxury products and services for clients.

  • Ferrari looks to capitalize on brand name as it promises faster growth
    Reuters

    Ferrari looks to capitalize on brand name as it promises faster growth

    Strong sales of Ferrari's Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth. Ferrari's Milan-listed shares rose as much as 7.4% to an all-time high of 155.15 euros after it reported "solid" third quarter results and signaled a strong year ahead. The 'Cavallino Rampante', or 'Prancing Horse', launched a plan to enhance its brand through new apparel and accessory collections, entertainment offers, and luxury products and services for clients.

  • Reuters - UK Focus

    Motor racing-Former McLaren and Ferrari engineer Fry joining Renault

    Former McLaren and Ferrari engineer Pat Fry will join Renault next year, the Formula One team announced at the U.S. Grand Prix on Saturday. The Briton started out with Benetton before joining McLaren in 1993, winning world championships with Mika Hakkinen and Lewis Hamilton, before joining Ferrari as deputy technical director in 2010. "His arrival is yet another step as we build and improve our team structure," said Renault's executive director Marcin Budkowski, who worked previously with Fry at McLaren.

  • Will Ferrari (RACE) Beat Estimates Again in Its Next Earnings Report?
    Zacks

    Will Ferrari (RACE) Beat Estimates Again in Its Next Earnings Report?

    Ferrari (RACE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Is Ferrari N.V. (NYSE:RACE) A High Quality Stock To Own?
    Simply Wall St.

    Is Ferrari N.V. (NYSE:RACE) A High Quality Stock To Own?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Is Tesla Stock Staring at a 17% Downside?
    Market Realist

    Is Tesla Stock Staring at a 17% Downside?

    Tesla is up 31% in October amid market recovery and better-than-expected earnings. However, Wall Street doesn’t seem that excited about the stock.

  • Ferrari (RACE) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Ferrari (RACE) Reports Next Week: Wall Street Expects Earnings Growth

    Ferrari (RACE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Tesla Stock: J.P. Morgan, RBC Raise Price Targets
    Market Realist

    Tesla Stock: J.P. Morgan, RBC Raise Price Targets

    Tesla (TSLA) stock spiked 20% after hours yesterday following its Q3 earnings release. J.P. Morgan and RBC raised their price targets on TSLA.

  • Lamborghini Looks at Some Ferrari-Style Engineering
    Bloomberg

    Lamborghini Looks at Some Ferrari-Style Engineering

    (Bloomberg Opinion) -- At various times during his 14-year tenure as chief executive officer of Fiat Chrysler Automobiles NV, the late Sergio Marchionne held takeover talks with Volkswagen AG.The news that VW is considering a stock-market listing of its Lamborghini supercar division suggests Marchionne continues to influence the German carmaking giant. By spinning off high-value operations such as trucks and sports cars, VW’s boss Herbert Diess would be imitating his Italian peer’s successful approach to creating shareholder value. But Diess is struggling to be as daring, which will make it harder to achieve his goals.When Marchionne took the helm at Italy’s Fiat SpA in 2004, its market capitalization was a pitiful 5.3 billion euros ($5.9 billion). During his reign, he merged Fiat with America’s Chrysler and spun off Ferrari NV and Fiat’s trucks and agriculture machinery business (CNH) into separate companies. When he died last year, the combined equity value of Ferrari, Fiat Chrysler and CNH Industrial NV was 57 billion euros. His successor then completed the 6.2 billion-euro sale of the Magneti Marelli SpA auto parts division.Diess wants VW to hit a market value of 200 billion euros — up from 80 billion euros now, Bloomberg News reported as it broke the news about Lamborghini, adding that a sale of the brand is also under consideration. (VW says there are “no plans for a sale or public offering of Lamborghini”). Including all of Volkswagen’s 12 brands, its financial services arm and its Chinese joint ventures, the company’s sum-of-the-parts valuation could top 215 billion euros, Bloomberg Intelligence analyst Michael Dean estimated in August.In an attempt to realize that value, Diess has started off by following the Marchionne playbook. Fiat began by spinning off CNH in 2012. Diess also kicked off with a June listing of VW’s trucks arm, Traton SE.Marchionne followed the CNH divestment with the listing of Ferrari in 2016, and now it looks like Diess’s next step might be his own supercar brand. A sale of Volkswagen’s industrial machinery operations Renk AG and MAN Energy Solutions, which is being considered, would be akin to the Magneti Marelli sale. Analysts have even speculated that VW’s alliance with Ford Motor Co. could evolve into a merger, similar to the Fiat-Chrysler deal.Yet there’s a difference between the boldness of the two companies. Fiat spun out CNH by distributing the stock to existing shareholders, and it did the same with what was left of Ferrari’s equity after selling 20% of the company in an initial public offering in New York. Volkswagen, by contrast, sold just 11.5% of Traton to new investors in an IPO and then kept the rest of the stock for itself. In fairness, Diess has to manage a difficult set of stakeholders. The Porsche-Piech family controls VW, while the German state of Lower Saxony has 20% of the voting shares. He also has employee representatives on the board. The Agnelli family, which controls Fiat, backed Marchionne’s ambitions — and became significantly wealthier.Because of its arcane multiple voting-class structure, most Volkswagen shareholders have no say in the running of the company. That might explain why Diess opted for an IPO of Traton rather than a spin-off: Replicating the current VW voting arrangements in a new company wouldn’t have been attractive for new investors. But the listing was so small as not to give new investors any real say in the company’s running anyway. If the Porsche-Piech dynasty really want Diess to increase their riches, they should encourage offerings that unpick some of their own control.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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