Rocket Companies (NYSE:RKT - Get Free Report) is projected to issue its Q4 2024 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. Individual interested in listening to the company's earnings conference call can do so using this link.
Rocket Companies Stock Performance
Shares of NYSE RKT traded up $1.21 during midday trading on Friday, hitting $14.04. 8,316,663 shares of the company's stock were exchanged, compared to its average volume of 3,444,194. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38. The firm has a market cap of $28.00 billion, a P/E ratio of -87.72 and a beta of 2.43. The stock's 50 day moving average price is $12.02 and its 200-day moving average price is $15.19. 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 Analysts Forecast Growth
A number of brokerages have issued reports on RKT. Wedbush reiterated a "neutral" rating and set a $13.00 price target (down previously from $18.00) on shares of Rocket Companies in a research report on Wednesday, November 13th. UBS Group upgraded shares of Rocket Companies from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $12.50 to $11.50 in a research report on Friday, January 10th. Bank of America increased their price objective on Rocket Companies from $14.00 to $15.00 and gave the company an "underperform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group decreased their target price on Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley cut their target price on Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 19th. 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, Rocket Companies currently has a consensus rating of "Hold" and a consensus price target of $13.50.
View Our Latest Research Report on Rocket Companies
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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