|Bid||0.00 x 800|
|Ask||304.43 x 800|
|Day's range||296.60 - 299.01|
|52-week range||167.45 - 302.86|
|Beta (5Y monthly)||0.99|
|PE ratio (TTM)||50.72|
|Earnings date||31 Jan 2018 - 05 Feb 2018|
|Forward dividend & yield||2.00 (0.68%)|
|Ex-dividend date||24 Apr 2023|
|1y target est||315.02|
This automaker is late to the game with EVs -- but that might be great news for investors. Here's why.
(Bloomberg) -- Ferrari NV new factory making electric supercars as well as next-generation powertrains will be ready from the middle of next year to start the manufacturer’s EV chapter. Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock 16% US Profi
MILAN (Reuters) -Ferrari has no plans to purchase other sports car makers, the company's Chief Executive Benedetto Vigna said on Monday. "I don't think it makes sense for us to buy other supercar makers," Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by the Italian company. "Ferrari is a high luxury (company) with technology playing an important role," he added, reiterating that its strategy relied more on partnerships and stressing the importance for luxury companies to maintain their "DNA".
Maranello (Italy), June 5, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on December 1, 2022, as the second tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Second Tranche”), the additional common shares - reported in aggregate form, on a dail
Charles Leclerc and Carlos Sainz were left lamenting another day of disappointment for Ferrari on Sunday after they struggled to finish 12th and fifth respectively in the Spanish Grand Prix.Leclerc, who had hoped to mount a title challenge this year, is 128 points adrift of defending champion Max Verstappen in seventh place and on Sunday struggled to make any impact after starting from the pitlane.
ALSN vs. RACE: Which Stock Is the Better Value Option?
As the end of Succession nears, another billionaire power struggle is playing out in Italy.
A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis.
No doubt fans of Ferrari’s F1 team will be thoroughly fed up of the pesky Red Bull dominance as those hints of Charles Leclerc and Carlos Sainz Jr leading the Scuderia to a resurgence have stalled. Still, as with many sporting supporters’ struggles, there is always the opportunity to disappear into an alternate video game reality where you lead your team to triumph. And for racing, there is nothing quite like a decent steering wheel for full-on video game escapism.
CVGI vs. RACE: Which Stock Is the Better Value Option?
Ferrari's plans to continue building internal combustion engine cars powered by so called e-fuels does not conflict with its target to become carbon neutral by 2030, its chief executive said on Tuesday. "The two (targets) are very much compatible," CEO Benedetto Vigna told the Financial Times' 'Future of the Car' conference. Vigna had previously welcomed a European Union decision to exempt cars that run on e-fuels from its planned 2035 phase-out - or 2036 for so-called small volume manufacturers like Ferrari - of combustion engine vehicles.
Economists have historically done a bad job at predicting recessions. Although Ferrari is a household name, many may be unfamiliar with the iconic Birkin or Kelly bags of Hermes. The products of LVMH Moët Hennessy Louis Vuitton (LVMH for short) are more accessible.
Ferrari N.V. ( NYSE:RACE ) saw a decent share price growth in the teens level on the NYSE over the last few months...
Yahoo Finance’s Pras Subramanian joins the Live show to discuss key takeaways from Ferrari’s Q1 earnings call and CEO Benedetto Vigna’s remarks on the Italian luxury sports car manufacturer’s Purosangue SUV.
Italian automaker Ferrari reported a strong start to the year, as first quarter earnings highlighted the continued strength of its core, luxury clientele.
Ferrari (RACE) delivered earnings and revenue surprises of 10.83% and 4.22%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong second quarter, when deliveries start for its new Purosangue model, for which waiting lists extend to 2026. The Italian luxury sportscar maker said it was reopening orders for the Purosangue four-door, four-seater, which had been suspended due to initial "unprecedented" demand. CEO Benedetto Vigna said Ferrari's overall order book covered production until the end of 2025.
FERRARI: STRONG RESULTS, WITH DEMAND HEADING INTO 2025 Total shipments of 3,567 units, up 9.7% versus Q1 2022Net revenues of Euro 1,429 million, up 20.5% versus prior yearAdjusted EBITDA(1) of Euro 537 million, up 27.0% versus prior yearAdjusted EBIT(1) of Euro 385 million, up 25.3% versus prior yearAdjusted EBITDA(1) margin of 37.6% and Adjusted EBIT(1) margin of 26.9% in the quarterAdjusted net profit(1) of Euro 297 million and adjusted diluted EPS(1) at Euro 1.62Industrial free cash flow(1) g
Investing.com -- Ferrari NV (BIT:RACE) has posted stronger-than-expected income in the first quarter, as the Italian sports car maker was boosted by an uptick in prices and an almost 10% rise in vehicle deliveries.
aranello (Italy), 3 May 2023 - Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announces that Ferrari S.p.A., a wholly owned Italian subsidiary, has entered into a multi-year partnership agreement with DXC Technology (NYSE:DXC) a global technology services company specialising in the production of advanced digital solutions for the automotive sector. This agreement, which comes into effect as from the fifth round of the Formula 1 season, the Miami Grand Prix (5-7 May 2023), sees DXC Technology become
Italian sports car maker Ferrari said it has signed a deal with Enel's Enel X to build a 1 megawatt peak (MWp) solar energy plant next to its Fiorano test track in order to offer green energy to the local community. The so-called Ferrari Energy Community should be completed by December and is expected to have an annual average production capacity of about 1,500 megawatt hours (MWh). Local citizens, institutions, commercial activities and factories will also be allowed to link up to the solar plant, Ferrari said on Tuesday.
ALSN vs. RACE: Which Stock Is the Better Value Option?
Lear (LEA) delivered earnings and revenue surprises of 9.02% and 6.19%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Harrow Health and CDW have been highlighted as Zacks Bull and Bear of the Day.
Volkswagen's (VWAGY) efforts in electric vehicle production, battery technology, sustainable raw materials sourcing and charging infrastructure position it well to achieve its ambitious goals and drive its future success.