Ferrari NV (RACE) to Issue Annual Dividend of $1.17 on May 2nd

Ferrari NV (NYSE:RACE) declared an annual dividend on Thursday, February 28th, Wall Street Journal reports. Stockholders of record on Wednesday, April 24th will be given a dividend of 1.1677 per share on Thursday, May 2nd. This represents a dividend yield of 0.91%. The ex-dividend date is Tuesday, April 23rd. This is an increase from Ferrari’s previous annual dividend of $0.88.

Ferrari has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ferrari to earn $4.44 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 19.8%.

NYSE:RACE opened at $139.91 on Monday. The company has a quick ratio of 3.15, a current ratio of 3.75 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $26.44 billion, a PE ratio of 34.80, a PEG ratio of 1.87 and a beta of 1.57. Ferrari has a 1-year low of $93.85 and a 1-year high of $149.85.

Ferrari (NYSE:RACE) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. The business had revenue of $964.27 million during the quarter, compared to analyst estimates of $967.04 million. Ferrari had a net margin of 22.91% and a return on equity of 58.04%. Research analysts anticipate that Ferrari will post 4.05 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on RACE shares. Zacks Investment Research raised shares of Ferrari from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Sanford C. Bernstein raised shares of Ferrari from an “underperform” rating to a “market perform” rating and set a $112.29 price objective for the company in a research report on Tuesday, January 15th. Credit Suisse Group cut their price objective on shares of Ferrari from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, January 28th. Finally, ValuEngine raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ferrari currently has a consensus rating of “Hold” and a consensus price target of $133.66.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at

About Ferrari

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars.

Read More: What are trading strategies for the 52-week high/low?

Receive News & Ratings for Ferrari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrari and related companies with's FREE daily email newsletter.