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Ferrari N.V. - RACE STOCK NEWS

Welcome to our dedicated news page for Ferrari N.V. (Ticker: RACE), a resource for investors and traders seeking the latest updates and insights on Ferrari N.V..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ferrari N.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ferrari N.V.'s position in the market.

Rhea-AI Summary
Ferrari N.V. announces the agenda for the 2024 Annual General Meeting of Shareholders, to be held on April 17, 2024, in Amsterdam. Shareholders can access materials on Ferrari's website or request hard copies for free. Contact details provided for further information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
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none
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Rhea-AI Summary
Ferrari N.V. announces the purchase of additional common shares under its Euro 350 million share buyback program, totaling Euro 129,363,744.31 on the Euronext Milan and USD 34,294,885.17 on the New York Stock Exchange. The Company now holds 13,741,786 common shares in treasury, representing 5.35% of the total issued share capital. Since the inception of the Euro 2 billion buyback program in 2022, Ferrari has bought back 2,817,328 own common shares for a total consideration of Euro 720,048,035.01.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
buyback
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Rhea-AI Summary
Ferrari N.V. announces the purchase of additional common shares under a Euro 350 million share buyback program. The Company has bought 20,099 common shares for approximately Euro 7.4 million on the Euronext Milan. Since the start of the program in 2022, Ferrari has purchased a total of 2,788,692 own common shares on EXM and NYSE, totaling Euro 708.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
buyback
Rhea-AI Summary
Ferrari N.V. (RACE) releases its 2023 Annual Report and Form 20-F, showcasing financial data and sustainability initiatives. Shareholders can access the reports on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
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none
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News
Rhea-AI Summary
Ferrari N.V. announces a dividend distribution of Euro 2.443 per common share, representing a 35% increase from the previous year, totaling approximately Euro 440 million. The proposal is subject to shareholder approval at the Annual General Meeting on April 17, 2024, with expected ex-date on April 22, 2024, record date on April 23, 2024, and payment date on May 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
dividends
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Rhea-AI Summary
Ferrari N.V. continues its share buyback program, purchasing over 20,000 common shares on the Euronext Milan stock exchange. The company has invested over Euro 114 million in shares since the announcement of the program. Ferrari now holds over 13 million common shares in treasury, equal to 5.33% of the total issued share capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
buyback
Rhea-AI Summary
Ferrari N.V. announces the purchase of common shares under a Euro 350 million buyback program, with a total invested consideration of Euro 106,944,337.65. The Company has bought 21,220 common shares on the Euronext Milan and NYSE since the start of the program in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
buyback
-
Rhea-AI Summary
Ferrari N.V. has announced the purchase of additional common shares under the Euro 350 million share buyback program, with a total invested consideration of Euro 99,454,117.70. The company has purchased a total of 2,726,485 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 686,449,532.94.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
buyback
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Rhea-AI Summary
Ferrari N.V. announces the signing of Lewis Hamilton to join Scuderia Ferrari in 2025 on a multi-year contract. This move is expected to have a significant impact on the team's performance and the overall F1 landscape.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.58%
Tags
none
Rhea-AI Summary
Ferrari N.V. announces a record 2023, with net revenues of Euro 5,970 million, up 17.2% versus the prior year, and adjusted EBITDA of Euro 2,279 million, up 28.5% versus the prior year. Shipments totaled 13,663 units in 2023, up 3.3% versus the prior year, driven by increased deliveries of various car models. The company provides a positive 2024 guidance with net revenues expected to exceed 6.4 billion Euros and an adjusted EBITDA margin of at least 38%. Ferrari also highlights various business developments and corporate social responsibility initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.58%
Tags
none
Ferrari N.V.

NYSE:RACE

RACE Rankings

RACE Stock Data

75.42B
114.31M
34.02%
38.04%
0.9%
Automobile Manufacturing
Manufacturing
Link
Italy
Maranello

About RACE

Ferrari S.p.A. is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1939 from the Alfa Romeo racing division as Auto Avio Costruzioni, the company built its first car in 1940, and produced its first Ferrari-badged car in 1947.