Rocket Companies/RKT

4.11%
-
1D1W1MYTD1YMAX

About Rocket Companies

Rocket Companies, Inc. is a financial technology company consisting of tech-driven real estate, mortgage and financial service businesses. The Company offers Rocket Platform. Its segments include Direct to Consumer and Partner Network. In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage online and/or with the Company’s mortgage bankers. The Company markets various brand campaigns and performance marketing channels to clients through its Direct to Consumer segment. Partner Network segment leverages its client service and brands to grow marketing and influencer relationships, and its mortgage broker partnerships through Rocket Pro third-party origination (TPO). The Company consists of personal finance and consumer technology brands, including Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans, Rocket Auto, Rocket Mortgage Canada, Lendesk, Core Digital Media, Rocket Central and Rock Connections.

Ticker

RKT

Sector

Technology

Trading on

NYSE

Industry

Consumer Financial Services

CEO

Bill Emerson

Employees

14,700

Headquarters

Detroit, United States

Rocket Companies Metrics

BasicAdvanced
US$28B
Market cap
103.23
P/E ratio
US$0.14
EPS
2.45
Beta
-
Dividend rate
US$28B
2.44889
US$15.60
US$7.17
2.6M
624.219
1,839.89
130.065
2.19%
1.44%
3.13%
5.38%
103.232
5.916
43.086
19.01%
159.46%
-36.95%

What the Analysts think about Rocket Companies

Analyst Ratings

Majority rating from 14 analysts.
Hold

Price Targets

Average projection from 12 analysts.
20.48% downside
High US$14.00
Low US$8.00
US$14.70
Current price
US$11.69
Average price target

Rocket Companies Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
1.12% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
US$1.4B
86.06%
Net income
US$16M
-252.83%
Profit margin
1.12%
-181.75%

Rocket Companies Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 549.98%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
-US$0.02
-
-
US$0.04
-
Expected
-US$0.04
-US$0.03
-US$0.05
US$0.01
US$0.05
Surprise
-51.31%
-
-
549.98%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Rocket Companies stock?

Rocket Companies (RKT) has a market cap of $28B as of May 20, 2024.

What is the P/E ratio for Rocket Companies stock?

The price to earnings (P/E) ratio for Rocket Companies (RKT) stock is 103.23 as of May 20, 2024.

Does Rocket Companies stock pay dividends?

No, Rocket Companies (RKT) stock does not pay dividends to its shareholders as of May 20, 2024.

When is the next Rocket Companies dividend payment date?

Rocket Companies (RKT) stock does not pay dividends to its shareholders.

What is the beta indicator for Rocket Companies?

Rocket Companies (RKT) has a beta rating of 2.45. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Rocket Companies stock price target?

The target price for Rocket Companies (RKT) stock is $11.69, which is 20.2% below the current price of $14.65. This is an average based on projections from 12 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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