Rocket Companies, Inc. (RKT)
| Market Cap | 2.62B |
| Revenue (ttm) | 4.83B |
| Net Income (ttm) | 13.08M |
| Shares Out | 140.57M |
| EPS (ttm) | -0.07 |
| PE Ratio | n/a |
| Forward PE | 42.83 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 531,663 |
| Open | 19.00 |
| Previous Close | 19.19 |
| Day's Range | 18.55 - 19.08 |
| 52-Week Range | 7.17 - 21.38 |
| Beta | 2.42 |
| Analysts | Sell |
| Price Target | 13.73 (-26.31%) |
| Earnings Date | Oct 31, 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 $13.73, which is a decrease of -26.31% from the latest price.
News
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...
A Decade of Excellence: Rocket Mortgage Named #1 for Client Satisfaction in Mortgage Servicing by J.D. Power for the 10th Year
Rocket earned a first place ranking in every category measured by the study DETROIT , July 25, 2024 /PRNewswire/ -- Rocket Mortgage, the country's largest retail mortgage lender and part of Rocket Com...
Rocket Companies to Announce Second Quarter 2024 Results on August 1
DETROIT , July 18, 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...
Instabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial Intelligence
SAN FRANCISCO--(BUSINESS WIRE)-- #Automation--Mortgage and Loan Application Automation with Generative AI. Rocket Mortgage announces partnership with Generative AI unicorn Instabase.
The Jeep® Wagoneer S Launch Edition Makes First Public Appearance at the Rocket Mortgage Classic in Detroit from June 25 - June 30
AUBURN HILLS, Mich., June 24, 2024 /PRNewswire/ -- Six-day event will give consumers the first opportunity to see and get inside the Jeep® brand's first BEV coming to the U.S. later this year Consume...
Rocket Companies CEO Varun Krishna to Present at Morgan Stanley U.S. Financials, Payments & CRE Conference
DETROIT , May 29, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT) the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced ...
Rocket Companies Hires Shawn Malhotra to Drive ‘AI-Fueled Homeownership'
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of a...
Rocket Companies Hires AI Innovator Shawn Malhotra as Chief Technology Officer
Malhotra is a proven technology leader with decades of experience in engineering, product development and AI strategy for tech and media companies, including Thomson Reuters, Intel and Qualcomm DETROI...
Rocket Companies, Inc. (RKT) Q1 2024 Earnings Call Transcript
Rocket Companies, Inc. (NYSE:RKT) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Sharon Ng - VP of IR Varun Krishna - CEO Brian Brown - CFO Conference Call Participants ...
Rocket Companies Announces First Quarter 2024 Results
Generated Q1'24 total revenue, net of $1.4 billion and adjusted revenue of $1.2 billion. Adjusted revenue exceeded the high end of guidance range, and year-over-year growth accelerated for the third q...
Rocket Companies Introduces Rocket Logic - Synopsis AI Tool to Analyze and Transcribe Calls, Personalizing Client Interactions
AI-based tool saves team members approximately 60,000 total hours annually DETROIT , April 23, 2024 /PRNewswire/ -- Rocket Mortgage, America's largest retail mortgage lender and part of Rocket Compani...
Rocket Companies to Announce First Quarter 2024 Results on May 2
DETROIT , April 18, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other ...
Homebuilders fall following hot inflation numbers
CNBC's Diana Olick reports on how Wednesday's CPI data will impact the real estate sector.
Rocket Companies Introduces Rocket Logic AI Platform to Make Homeownership Faster and Easier
Patented platform simplifies and automates the end-to-end homebuying experience by leveraging generative AI, automation and machine learning DETROIT , April 9, 2024 /PRNewswire/ -- Rocket Mortgage, A...
Rocket Companies: Market Share Gains Support A Positive Outlook
RKT's latest quarterly report showed improving profitability and market share gains despite ongoing weakness in the housing market. The company is well-positioned to benefit from an eventual recovery ...