Monday, Ferrari (NYSE:RACE) Stock to Trade Ex-Dividend Monday

Monday, Ferrari (NYSE:RACE) Stock to Trade Ex-Dividend Monday

Monday, Ferrari (NYSE:RACE) Stock to Trade Ex-Dividend Monday

$RACE, $SPX, $SPY

Ferrari (NYSE:RACE) will begin trading ex-dividend on Monday, 24 April .

To qualify for a dividend check, investors must have owned Ferrari shares prior this Monday, which is the last day the company’s management will finalize its roster of shareholders to whom it will mail payments.

Ferrari stock, which currently trades around $71 per share, has risen about 22% YTD, including some 17.63% returns in the past 3 months.

This compares with a 5.23% YTD rise in the S&P 500 index (NYSEArca:SPX).

Ferrari stock has risen 62.75% over the past 12 months, while the S&P 500 has risen 13.22%.

In its F-Q-4 earnings results, reported in February, the Maranello, Italy-based company beat Wall Street estimates on EpS (earnings per share) and beat on revenue. The company reported adjusted earnings of 0.74/share, which beat analysts’ projections by 0.21/share.

Notably, F- Q-4  revenue of $902.2-M grew 10.7% Y-Y, beating Wall Street analysts estimates by $10-M.

Looking ahead,

For F-Q-1 ended 31 March Ferrari is expected to deliver 0.54/shares, up from 0.44 a year ago, on revenue of $797.74-M, up 11.3% Y-Y.

For the F-Y ending 31 January, EPS are projected to rise 18.75% Y-Y to 2.66/share, while revenue of $3.56-B would mark a 8% rise Y-Y.

Based on Ferrari current stock price of around $71, the company’s 0.68.2/share quarterly dividend yields 0.94% annually, or about 1.06 percentage points below the 2.00% average yield of the S&P 500 Index.

Ferrari will send its dividend payment on 2 May to shareholders of record as of 26 April . The stock has a consensus Hold rating and an average analyst 12-month price target of 64, implying potential declines of 9.8% from current marks.

Note: Again, Ferrari stock outperforms mainstream automakers and the broader market by a big margin. HeffX-LTN’s target for 2017 is 80/share.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 70.92 21 April 2017 -0.48 71.32 71.32 70.85 229,402

 

HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.36) Neutral (0.14) Bullish (0.40) Very Bullish (0.54)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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