Ferrari (NYSE:RACE) Issues FY 2026 Earnings Guidance
by Teresa Graham · The Cerbat GemFerrari (NYSE:RACE – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 11.001- for the period, compared to the consensus EPS estimate of 11.350. The company issued revenue guidance of $8.7B-, compared to the consensus revenue estimate of $8.9 billion.
Analysts Set New Price Targets
Several analysts recently weighed in on RACE shares. HSBC reaffirmed a “hold” rating on shares of Ferrari in a report on Tuesday, January 13th. Morgan Stanley set a $420.00 target price on shares of Ferrari in a research note on Monday, February 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $410.00 price target on shares of Ferrari in a report on Wednesday, February 11th. Zacks Research upgraded Ferrari from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Citigroup upgraded Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ferrari currently has a consensus rating of “Moderate Buy” and an average price target of $469.06.
Check Out Our Latest Stock Report on Ferrari
Ferrari Stock Performance
Shares of RACE stock opened at $338.74 on Tuesday. The stock’s 50-day moving average price is $347.32 and its 200 day moving average price is $366.19. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $79.25 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 3.23 and a beta of 0.95. Ferrari has a 52-week low of $312.51 and a 52-week high of $519.10.
Ferrari Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st will be given a $3.615 dividend. This is a positive change from Ferrari’s previous annual dividend of $3.13. The ex-dividend date is Tuesday, April 21st. This represents a yield of 119.0%. Ferrari’s payout ratio is 5.09%.
Key Headlines Impacting Ferrari
Here are the key news stories impacting Ferrari this week:
- Positive Sentiment: Q1 beat with strong margins and cash flow — Ferrari reported adjusted EPS €2.33 and net revenues €1,848m; EBIT margin 29.7%, net profit €413m and industrial free cash flow €653m. Management reconfirmed 2026 guidance on the back of a healthy order book and personalization-driven mix. GlobeNewswire: Q1 Results
- Positive Sentiment: Active buyback supports shareholder returns — Ferrari disclosed additional share purchases under its €250m tranche of the multi‑year buyback program (part of a ~€3.5bn plan through 2030), which can underpin EPS and reduce float. GlobeNewswire: Buyback Report
- Neutral Sentiment: Management says geopolitical disruption limited — Ferrari and peers indicate little to no material impact from the Middle East conflict on deliveries/supply so far; company reiterated guidance while noting measures to mitigate disruption. Yahoo Finance: Q1 + Middle East
- Neutral Sentiment: EV debut looming — Street attention is focused on Ferrari’s upcoming EV(s); the Q1 beat arrives ahead of that product milestone, keeping sentiment split between long‑term upside and short‑term execution scrutiny. CNBC: Beat Ahead of EV Debut
- Negative Sentiment: FY‑2026 EPS guidance slightly below consensus — Ferrari updated FY‑2026 EPS guidance to a level below sell‑side consensus (consensus ~€11.35 vs company guidance ~€11.00 range), which likely tempered upside after the beat. (Company guidance disclosure)
- Negative Sentiment: Stock slipped despite beat — Market focus on guidance nuance and geopolitical uncertainty led to an after‑beat pullback in the share price. Barron’s: Stock Slips After Earnings
- Negative Sentiment: Racing and performance headlines — Motorsport penalties and reports of the Miami package underperforming have created some near‑term reputational noise (unlikely to materially affect fundamentals but may affect sentiment). Sports Yahoo: Miami Package Concern
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in RACE. AQR Capital Management LLC lifted its position in Ferrari by 78.9% in the first quarter. AQR Capital Management LLC now owns 3,568 shares of the company’s stock valued at $1,527,000 after purchasing an additional 1,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ferrari by 31.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock worth $82,000 after buying an additional 46 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Ferrari during the 1st quarter worth approximately $1,519,000. Sivia Capital Partners LLC lifted its holdings in shares of Ferrari by 67.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 913 shares of the company’s stock valued at $448,000 after buying an additional 368 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Ferrari by 7.5% in the second quarter. Rhumbline Advisers now owns 1,370 shares of the company’s stock valued at $672,000 after buying an additional 96 shares in the last quarter.
About Ferrari
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.