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Rocket Companies (RKT)
NYSE:RKT
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RKT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.17 - $21.28
Previous Close$20.37
Volume2.80M
Average Volume (3M)3.30M
Market Cap
$40.53B
Enterprise Value$60.23B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$11.55B
Price to Earnings (P/E)261.8
Beta2.15
Next Earnings
Oct 31, 2024EPS Estimate
$0.09Last Dividend Ex-Date
Mar 07, 2022Dividend YieldN/A
Share Statistics
EPS (TTM)0.08
Shares Outstanding1,989,448,225
10 Day Avg. Volume3,509,781
30 Day Avg. Volume3,295,660
Standard Deviation0.17
R-Squared0.48
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)53.60
Price to Sales (P/S)8.51
Price to Cash Flow (P/CF)-79.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.09
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$15.27Price Target Upside-26.12% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering14
Rocket Companies News
Bulls Say, Bears Say
Bulls Say
End-to-End EcosystemRKT's comprehensive ecosystem, which includes home search, origination, and servicing, provides a competitive advantage that enables the company to offer unique services.
Marketing And GrowthRKT's planned investment in marketing aims to boost brand awareness and drive growth in the homeownership category.
Technology And ProductivityRKT has increased productivity by 31% and shortened loan closing times to approximately 15 days, significantly faster than the industry average of 43 days, through leveraging technology.
Bears Say
Market SentimentValuation already seems to reflect significant optimism, struggling to justify a materially higher target.
Mortgage MarketMortgage rates remain high and the addressable market for refinance is limited.
ValuationRKT is trading at ~35x consensus ‘25e EPS, which is overextended compared to peers in the consumer finance landscape given execution risk, competition, and interest rate sensitivity.
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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 $21.28 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 Oct 31, 2024 which is in 42 days.
How were Rocket Companies’s earnings last quarter?
Rocket Companies released its earnings results on Aug 01, 2024. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.049 by $0.011.
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 $0.09.
How many shares outstanding does Rocket Companies have?
Rocket Companies has 140,568,740 shares outstanding.
What happened to Rocket Companies’s price movement after its last earnings report?
Rocket Companies reported an EPS of $0.06 in its last earnings report, beating expectations of $0.049. Following the earnings report the stock price went up 12.305%.
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 44M.
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Rocket Companies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
$15.27 (-26.12% Downside)
$15.27 (-26.12% Downside)
Blogger Sentiment
Bullish
RKT Sentiment 72%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 29.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $37.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.6%
Last 30 Days ▲ 3.2%
Last 30 Days ▲ 3.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
116.01%
12-Months-Change
Fundamentals
Return on Equity
2.09%
Trailing 12-Months
Asset Growth
13.39%
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.
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RKT Company Deck
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RKT Earnings Call
Q2 2024
0:00 / 0:00
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RKT Stock 12 Month Forecast
Average Price Target
$15.27
▼(-26.12% Downside)
Technical Analysis
Best Analysts Covering RKT
1 Year
1 Year Success Rate
4/15 ratings generated profit
1 Year Average Return
-15.34%
reiterated a sell rating 2 months ago
Copying Richard Shane's trades and holding each position for 1 Year would result in 26.67% of your transactions generating a profit, with an average return of -15.34% per trade.
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