Rocket Companies (NYSE:RKT - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.24), Zacks reports. Rocket Companies had a positive return on equity of 2.86% and a negative net margin of 0.38%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.15 billion. Rocket Companies updated its Q1 2025 guidance to EPS.
Rocket Companies Price Performance
Shares of Rocket Companies stock traded up $0.08 during trading hours on Monday, reaching $14.08. The stock had a trading volume of 6,877,259 shares, compared to its average volume of 3,530,431. The stock's 50 day moving average is $12.12 and its 200 day moving average is $15.09. The firm has a market capitalization of $28.09 billion, a PE ratio of -88.00 and a beta of 2.43. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51.
Analyst Upgrades and Downgrades
RKT has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Rocket Companies from $14.00 to $10.50 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada lowered their price objective on shares of Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating for the company in a research note on Wednesday, November 13th. Bank of America lifted their price objective on shares of Rocket Companies from $14.00 to $15.00 and gave the stock an "underperform" rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Rocket Companies from $10.50 to $12.00 and gave the company an "underperform" rating in a research report on Monday. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, Rocket Companies currently has a consensus rating of "Hold" and a consensus price target of $13.83.
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Rocket Companies Company Profile
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Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.
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