Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Rocket Companies (RKT)
NYSE:RKT
Rocket Companies (RKT) Stock Price & Analysis
2,707 Followers
RKT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.17 - $15.88
Previous Close$14.72
Volume1.44M
Average Volume (3M)2.50M
Market Cap
$29.27B
Enterprise Value$47.94B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$10.71B
Price to Earnings (P/E)121.0
Beta2.39
Next Earnings
Aug 01, 2024EPS Estimate
$0.05Last Dividend Ex-Date
Mar 07, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)0.12
Shares Outstanding1,988,355,723
10 Day Avg. Volume2,557,510
30 Day Avg. Volume2,497,301
Standard Deviation0.17
R-Squared0.51
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-3.85
Price to Sales (P/S)1.87
Price to Cash Flow (P/CF)-2.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.80
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$12.53Price Target Upside-14.88% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering10
Rocket Companies News
PremiumCompany Announcements
Rocket Companies Streamlines Credit Operations, Bolsters Finance Strategy
PremiumCompany Announcements
Heather Lovier Appointed as COO of Rocket Companies
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRKT reported 1Q24 adjusted revenues of $1.2B, above the forecast of $911.2M and guidance of $925M - $1,075M.
Market PositionRKT is taking share from large industry players and big banks and expects this trend to continue.
Technology And AIRocket Logic, the proprietary AI-driven loan origination platform, helps process 70% of the 1.5-2 million documents per month with 90% accuracy, a previously manual task.
Bears Say
EarningsRKT's 2Q24 revenue guidance came in 10% below prior estimate and 8% below consensus.
Financial PerformanceTotal expenses of $1.09B were above JPMe $958.8M.
Market ConditionsMortgage origination volumes are significantly lower than their pandemic peaks, and home sale activity has been impacted by higher rates and affordability challenges.
---
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
RKT FAQ
What was Rocket Companies’s price range in the past 12 months?
Rocket Companies lowest stock price was $7.17 and its highest was $15.88 in the past 12 months.
What is Rocket Companies’s market cap?
Currently, no data Available
When is Rocket Companies’s upcoming earnings report date?
Rocket Companies’s upcoming earnings report date is Aug 01, 2024 which is in 10 days.
How were Rocket Companies’s earnings last quarter?
Rocket Companies released its earnings results on May 02, 2024. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.006 by $0.034.
Is Rocket Companies overvalued?
According to Wall Street analysts Rocket Companies’s price is currently Overvalued.
Does Rocket Companies pay dividends?
Rocket Companies pays a Annually dividend of $1.01 which represents an annual dividend yield of N/A. See more information on Rocket Companies dividends here
What is Rocket Companies’s EPS estimate?
Rocket Companies’s EPS estimate is $0.05.
How many shares outstanding does Rocket Companies have?
Rocket Companies has 139,476,240 shares outstanding.
What happened to Rocket Companies’s price movement after its last earnings report?
Rocket Companies reported an EPS of $0.04 in its last earnings report, beating expectations of $0.006. Following the earnings report the stock price went up 4.478%.
Which hedge fund is a major shareholder of Rocket Companies?
Among the largest hedge funds holding Rocket Companies’s share is Davis Selected Advisers. It holds Rocket Companies’s shares valued at 47M.
---
Rocket Companies Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Sell
Average Price Target:
$12.53 (-14.88% Downside)
$12.53 (-14.88% Downside)
Blogger Sentiment
Bullish
RKT Sentiment 72%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 35.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $142.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 3.7%
Last 30 Days ▲ 3.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
36.80%
12-Months-Change
Fundamentals
Return on Equity
3.13%
Trailing 12-Months
Asset Growth
4.80%
Trailing 12-Months
Company Description
Rocket Companies
Rocket Companies, Inc. is a personal finance company which helps its clients achieve the American dream of home ownership and financial freedom. Its flagship company, Rocket Mortgage, is the nation’s largest mortgage lender. The company’s other personal finance and consumer service brands include Rocket Homes, Rocket Loans, Rocket Auto, Amrock, Core Digital Media, Rock Connections, Rock Central, Lendesk and Edison Financial.
---
RKT Company Deck
---
RKT Earnings Call
Q1 2024
0:00 / 0:00
---
RKT Stock 12 Month Forecast
Average Price Target
$12.53
▼(-14.88% Downside)
Technical Analysis
Best Analysts Covering RKT
1 Year
1 Year Success Rate
4/14 ratings generated profit
1 Year Average Return
-5.89%
reiterated a sell rating 14 days ago
Copying Richard Shane's trades and holding each position for 1 Year would result in 28.57% of your transactions generating a profit, with an average return of -5.89% per trade.
---