Rocket Companies (NYSE:RKT - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $1.15 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
Rocket Companies Stock Performance
RKT traded up $0.31 during trading hours on Friday, hitting $13.04. 1,356,925 shares of the stock were exchanged, compared to its average volume of 2,993,298. The stock has a 50-day simple moving average of $11.89 and a 200-day simple moving average of $15.35. Rocket Companies has a 12 month low of $10.06 and a 12 month high of $21.38. The stock has a market cap of $26.00 billion, a price-to-earnings ratio of -81.16 and a beta of 2.43. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.
Wall Street Analyst Weigh In
RKT has been the topic of several research analyst reports. UBS Group upgraded Rocket Companies from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $12.50 to $11.50 in a research note on Friday, January 10th. Wedbush restated a "neutral" rating and set a $13.00 price objective (down from $18.00) on shares of Rocket Companies in a research note on Wednesday, November 13th. Royal Bank of Canada reduced their price objective on Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating on the stock in a research note on Wednesday, November 13th. Piper Sandler cut their target price on Rocket Companies from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Finally, Barclays cut their target price on Rocket Companies from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.50.
View Our Latest Research Report on RKT
About Rocket Companies
(
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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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