Rocket Companies, Inc. (RKT)
| Market Cap | 23.58B |
| Revenue (ttm) | 4.30B |
| Net Income (ttm) | -15.14M |
| Shares Out | 1.99B |
| EPS (ttm) | -1.32 |
| PE Ratio | n/a |
| Forward PE | 25.52 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,988,524 |
| Open | 11.62 |
| Previous Close | 11.63 |
| Day's Range | 11.62 - 12.12 |
| 52-Week Range | 10.87 - 21.38 |
| Beta | 2.35 |
| Analysts | Sell |
| Price Target | 14.25 (+20.56%) |
| Earnings Date | Nov 12, 2024 |
About RKT
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 buyin... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for RKT stock is "Sell." The 12-month stock price forecast is $14.25, which is an increase of 20.56% from the latest price.
News
Three Fintech Winners That Rocked In Q3
For much of this year, global fintech activity has remained strong, largely driven by increased consumer demand and small enterprises side-stepping high-street banking systems amid a high interest rat...
Rocket Mortgage Sues U.S., Challenges DOJ Discrimination Suit
Rocket Mortgage sued the federal government as part of a challenge to the Justice Department's recent discrimination lawsuit tying Rocket to the conduct of an appraiser it used.
Rocket Companies' Bill Emerson on DOJ lawsuit: We're being used as poster child to garner headlines
Bill Emerson, Rocket Companies president, joins 'Squawk Box' to discuss the company's lawsuit against the Department of Housing and Urban Department, why the company filed a motion to be dismissed fro...
Rocket Mortgage Sues United States Department of Housing and Urban Development
The company also filed a motion to dismiss the claim the Department of Justice brought against the company DOJ's recent claim against Rocket Mortgage misplaced blame on the Company for work done by an...
Rocket Companies CFO Brian Brown to Present at Goldman Sachs 2024 U.S. Financial Services Conference
DETROIT , Nov. 27, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financi...
Rocket Companies Analysts Cut Their Forecasts After Q3 Results
Rocket Companies, Inc. RKT reported worse-than-expected third-quarter revenue results, after the closing bell on Tuesday.
Rocket Companies Stock Sinks as High Mortgage Rates Hurt Results, Outlook
Rocket Companies (RKT) shares tumbled 10% Wednesday, a day after the online financial platform badly missed revenue estimates and gave soft guidance as the housing market continued to be squeezed by h...
Rocket Companies, Inc. (RKT) Q3 2024 Earnings Call Transcript
Rocket Companies, Inc. (NYSE:RKT) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Sharon Ng - Head, IR Varun Krishna - CEO Brian Brown - CFO Conference Call Partici...
Rocket Companies Announces Third Quarter 2024 Results
Generated Q3'24 total revenue of $647 million and adjusted revenue of $1.323 billion. Adjusted revenue exceeded the high end of our guidance range Reported Q3'24 GAAP net loss of $481 million, or $0.1...
Rocket Companies to Announce Third Quarter 2024 Results on November 12
DETROIT , Oct. 29, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other f...
Rocket Mortgage Shoots Past Competitors in Inaugural Mortgage Lenders Customer Satisfaction Results, ACSI Data Show
ANN ARBOR, Mich.--(BUSINESS WIRE)-- #ACSI--Customer satisfaction among life insurers decline, while health and P&C remain stable. Mortgage lenders debut at 75, according to the ACSI.
Rocket Companies Names Venmo Chief Technology Officer, Former PayPal Executive, Papanii Okai EVP of Product Engineering
Okai brings years of tech leadership to Rocket as the company continues its strategy of AI-fueled homeownership DETROIT , Oct. 7, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based f...
Rocket Mortgage and Annaly Capital Management, Inc. Enter Strategic Subservicing Relationship
Detroit-based Rocket Mortgage will manage a portion of Annaly's serviced clients DETROIT , Oct. 1, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Compa...
Rocket Companies: Continued Upside Expectation Is Justified
Federal funds rate cuts create a favorable market environment for mortgage lenders and refinancers. Rocket Companies could capitalize on this demand as the company has a history of strong execution ev...
HELOC demand from homeowners surging as Fed cuts interest rates
Mortgage lenders are reporting an uptick in interest from homeowners looking for ways to extract equity from their houses through home-equity lines of credit as mortgage rates are poised to fall.
Rate cut is already baked into mortgage rates, says Rocket Companies CEO Varun Krishna
Rocket Companies CEO Varun Krishna joins ‘The Exchange' to discuss the Fed's impact on mortgage rates, the state of the housing market, and more.
Rocket Companies Leaders Unveil Long-term Growth Strategy at Inaugural Investor Day
DETROIT , Sept. 10, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other ...
Mortgage Technology Veteran Dan Sogorka to Lead Rocket's Broker Business Into AI-Driven Revolution
Sogorka, a former Business Unit President at Black Knight and CEO of mortgage technology firms Sagent and Cloudvirga, named General Manager of Rocket Mortgage's unit serving mortgage brokers Click her...
Rocket Companies to Host Investor Day on Tuesday, September 10, 2024
DETROIT , Aug. 26, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other f...
Rocket Mortgage's "Welcome Home RateBreak" Unlocks the Door to Lower Mortgage Payments and Thousands in Savings for Homebuyers
New temporary buydown option eases the transition into homeownership with Rocket Mortgage covering the cost of a lower interest rate for two years DETROIT , Aug. 26, 2024 /PRNewswire/ -- Rocket Mortga...
Rocket Companies' insider buying surges amid analyst downgrades: Is it a buy?
An Insider at Rocket Companies is constantly buying shares even as analysts issue downgrades. Is there something he knows that the analysts don't?
Rocket Mortgage Announces "The Rocket Comedy Tour" in Partnership with Comedian Mike Young
The 25-city showcase will spotlight both household names and featured acts in premiere clubs across the country, including Improv venues in multiple stops DETROIT , Aug. 6, 2024 /PRNewswire/ -- Rocket...
Rocket Companies, Inc. (RKT) Q2 2024 Earnings Call Transcript
Rocket Companies, Inc. (NYSE:RKT) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Sharon Ng - Vice President of Investor Relations Varun Krishna - Chief Executive Offi...
Rocket Companies Q2 Earnings Highlights: Revenue Beat, EPS Beat, Investor Day Coming In September
Financial services company Rocket Companies RKT reported second-quarter financial results after market close Thursday.
Rocket Companies Announces Second Quarter 2024 Results
Generated Q2'24 total revenue, net of $1.3 billion and adjusted revenue of $1.2 billion. Adjusted revenue exceeded the high end of guidance range and increased year-over-year for the fourth straight q...