Ferrari's Q-2 Earnings are Best-In-Class Again
#automotive #luxury #ferrari #revenue #earnings
"Ferrari is the highest quality supercar product in the space, a strong buy"--Paul Ebeling
Ferrari delivered outstanding results once again in Q-2 Y 2022, beating both top-and bottom-line expectations.
The company is keeping its costs well managed and is increasingly more dedicated to returning cash to shareholders.
The company has a unique moat which makes it a reliable cash machine, with a very low leverage.
Since Ferrari started paying its dividend, the dividend moved up from $0.51 in 2016 to $1.47 last April, which is almost a 3x. To this, Ferrari has started adding a buyback program that is rewarding shareholders even more.
I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.
Earnings Call Transcript
Earnings Call Transcript
Ferrari has an average rating of Buy and a consensus target price at 198.39. RACE is currently trading at 212.00.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top call on the Street, and adjusting it to 250/share short term.
A number of large investors have recently bought shares of RACE, and Ferrari continues to buy back its stock in here.
The stock is considered defensive in the sector.
Have a prosperous day, Keep the Faith!
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