Ferrari (NYSE:RACE) Updates FY 2026 Earnings Guidance

Ferrari (NYSE:RACE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 11.001- for the period, compared to the consensus earnings per share estimate of 11.350. The company issued revenue guidance of $8.7B-, compared to the consensus revenue estimate of $8.9 billion.

Ferrari Price Performance

Shares of RACE traded up $9.53 during mid-day trading on Wednesday, reaching $334.97. The company had a trading volume of 327,260 shares, compared to its average volume of 718,444. The company has a market capitalization of $78.37 billion, a P/E ratio of 33.17, a P/E/G ratio of 3.21 and a beta of 0.95. Ferrari has a twelve month low of $312.51 and a twelve month high of $519.10. The company’s 50-day moving average is $346.49 and its 200-day moving average is $365.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.70 and a quick ratio of 4.38.

Ferrari Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 21st were given a $3.615 dividend. This represents a yield of 119.0%. The ex-dividend date was Tuesday, April 21st. This is a positive change from Ferrari’s previous annual dividend of $3.13.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a research report on Thursday, February 12th. UBS Group cut their price target on Ferrari from $555.00 to $483.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of Ferrari in a research note on Wednesday, February 11th. Zacks Research raised Ferrari from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $469.06.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Solid Q1 results: strong revenue, expanded margins, and robust cash generation (Q1 net revenues €1.848B; EBITDA €722M; EBITDA margin 39.1%; industrial free cash flow €653M; EPS ~€2.33 / $2.70). This underpins profitability and cash metrics that investors value. ANOTHER QUARTER OF STRONG MIX – 2026 GUIDANCE CONFIRMED
• Positive Sentiment: Guidance confirmed and order book extended toward end?2027 — management reconfirmed full?year 2026 guidance and said the backlog now stretches into late 2027, providing visibility into revenue/mix through upcoming model launches. Ferrari confirms full-year guidance as order book extends toward end of 2027 ahead of May 25 Ferrari Luce premiere
• Positive Sentiment: Near-term product catalyst: the Ferrari Luce EV premiere (May 25) and continued demand for personalised/high?mix models are cited as growth drivers and a reason some investors are upbeat. Ferrari confirms full-year guidance as order book extends toward end of 2027 ahead of May 25 Ferrari Luce premiere
• Neutral Sentiment: Company filed its Q1 interim report / Form 6?K and posted the earnings presentation — useful for modeling details and guidance assumptions. Ferrari Files Q1 2026 Interim Financial Report with U.S. SEC
• Neutral Sentiment: Operational note: Middle East shipping frictions were flagged but management says it has workarounds and no unusual cancellations to date — monitor regional trade/FX for potential execution risk. Ferrari Finds Workaround For Middle East Snags, Sees No Unusual Cancellations
• Negative Sentiment: Market reaction strain: after the report shares earlier weakened as some investors focused on guidance that trailed some analyst expectations, FX headwinds and US tariff comments — reasons for short?term profit?taking. Ferrari slides 3.5% after Q1 results as investors digest deliveries, FX headwinds, and unchanged outlook
• Negative Sentiment: Large institutional position changes reported in recent quarters (several big fund reductions) — could influence longer?term liquidity/sentiment if reallocations continue. Ferrari N.V. (RACE) stock falls on Q1 2026 Earnings
• Negative Sentiment: Reputational/PR item: internal F1 investigation pushed after comments between drivers — unlikely to move fundamentals but worth noting for brand/press cycles. Ferrari told to launch second investigation by Charles Leclerc after Lewis Hamilton remark

Institutional Trading of Ferrari

Several hedge funds have recently added to or reduced their stakes in the business. Amundi raised its stake in Ferrari by 11.1% during the 4th quarter. Amundi now owns 3,303,264 shares of the company’s stock worth $1,220,754,000 after buying an additional 330,896 shares during the period. Morgan Stanley raised its stake in Ferrari by 43.4% during the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock worth $941,109,000 after buying an additional 771,039 shares during the period. The Manufacturers Life Insurance Company raised its stake in Ferrari by 103.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 790,374 shares of the company’s stock worth $292,429,000 after buying an additional 401,534 shares during the period. Viking Global Investors LP raised its stake in Ferrari by 432.7% during the 2nd quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock worth $353,526,000 after buying an additional 585,872 shares during the period. Finally, Credit Agricole S A acquired a new stake in Ferrari during the 3rd quarter worth $279,003,000.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.