Home 2022 Ferrari’s Q-2 Earnings are Best-In-Class Again

#automotive #luxury #ferrari #revenue #earnings

$RACE

“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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