# Ferrari's Q-2 Earnings are Best-In-Class Again Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/ferraris-q-2-earnings-are-best-in-class-again Last modified: 2022-08-02 --- By Paul Ebeling ยท 2022-08-02 Tags: Shayne Heffernan on Investments, Stocks, Luxury, Ferrari, luxury, earnings, Lifestyle, revenue, Paul Ebeling, automotive, Ferrari, Education, Sports, Formula One, Art, Knightsbridge Insights, Living, Featured, 2022, Business Signed: no (published before platform launch). Nothing in this article is investment advice. #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](https://seekingalpha.com/article/4528725-ferrari-n-v-race-ceo-benedetto-vigna-on-q2-2022-results-earnings-call-transcript?mailingid=28587681&messageid=2800&serial=28587681.2147&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=28587681.2147) 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! --- This Markdown mirrors https://www.livetradingnews.com/ferraris-q-2-earnings-are-best-in-class-again. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt