Rocket Companies, Inc. (RKT)

NYSE: RKT · IEX Real-Time Price · USD
9.42
-0.53 (-5.33%)
Aug 8, 2022 4:00 PM EDT - Market closed
-5.33%
Market Cap 18.72B
Revenue (ttm) 11.05B
Net Income (ttm) 238.22M
Shares Out 1.99B
EPS (ttm) 1.80
PE Ratio 5.23
Forward PE 23.81
Dividend $1.01 (10.72%)
Ex-Dividend Date Mar 7, 2022
Volume 5,552,040
Open 9.56
Previous Close 9.95
Day's Range 9.12 - 9.99
52-Week Range 6.27 - 19.55
Beta n/a
Analysts Hold
Price Target 8.47 (-10.1%)
Earnings Date Aug 4, 2022

About RKT

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses 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; Rocket Auto, an automoti... [Read more...]

Industry Thrifts & Mortgage Finance
IPO Date Aug 6, 2020
Employees 26,000
Stock Exchange NYSE
Ticker Symbol RKT
Full Company Profile

Financial Performance

In 2021, RKT's revenue was $12.91 billion, a decrease of -17.48% compared to the previous year's $15.65 billion. Earnings were $308.21 million, an increase of 55.70%.

Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for RKT stock is "Hold." The 12-month stock price forecast is 8.47, which is a decrease of -10.08% from the latest price.

Price Target
$8.47
(-10.08% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Why Shares of Rocket Companies Are Falling Today

Rocket reported second-quarter earnings results.

Santander Bank Teams Up with Rocket Mortgage to Provide Clients with Digitally Driven Home Loan Experience

The bank's nearly 2 million clients will receive home loan discounts from the country's largest mortgage lender DETROIT and BOSTON , Aug. 5, 2022 /PRNewswire/ -- Rocket Mortgage, America's largest mortg...

Other symbols: SAN

These Are The Top Insider Buying Stocks For July

Insiders are buying stocks for more reasons than one. In all cases, there are opportunities brewing in these stocks that could pay off in double digits gains

Other symbols: CMTLOXY

Rocket Companies (RKT) Reports Q2 Loss, Lags Revenue Estimates

Rocket Companies (RKT) delivered earnings and revenue surprises of -250% and 8.79%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Rocket Companies Announces Second Quarter Results

Generated Q2 net revenue of $1.4 billion and net income of $60 million Delivered strong gain on sale margin of 292 basis points Over 2,000 Rocket team members deployed to accelerate build-out of Rocket ...

Rocket Loans Begins Powering Rocket Solar with New Lending Program

Latest offering by Rocket Loans highlights the power of the company's technology that can be used for a wide range of financial products DETROIT , Aug. 2, 2022 /PRNewswire/ -- Rocket Loans, a leading te...

Rocket Mortgage Launches New Home Equity Loan, Giving Homeowners Another Option to Combat Rising Prices and Consumer ...

- New loan option could be the perfect way to manage inflation and rising debt levels - DETROIT , Aug. 1, 2022 /PRNewswire/ -- Rocket Mortgage , the nation's largest mortgage lender and a part of  Rocke...

Analysts Estimate Rocket Companies (RKT) to Report a Decline in Earnings: What to Look Out for

Rocket Companies (RKT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Rocket Mortgage Introduces Rate Drop Advantage, Giving Homebuyers Confidence When Purchasing in a Rising Rate Environ...

Exclusive product, coupled with company's existing RateShield program that locks mortgage interest rates for 90 days during home shopping, brings confidence to consumers DETROIT , July 27, 2022 /PRNewsw...

Rocket Companies Announces Second Quarter 2022 Earnings Date

DETROIT , July 21, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage...

Adding Rocket Fuel to Your Finances: Leading Financial Empowerment FinTech Truebill Becomes Rocket Money

The brand change will more closely align with sister companies Rocket Mortgage, Rocket Homes and Rocket Auto DETROIT , July 19, 2022 /PRNewswire/ -- Truebill, a leading personal finance app and part of ...

Will the Housing Market Crash in 2022?

Once you account for the rise in skilled labor and commodity costs, home prices mirror those of 1950. Expect a slow deflation of prices.

Other symbols: DHIRDFNSMLP

America's Largest Mortgage Brand Brings Innovation to Canada as Edison Financial Changes Name to Rocket Mortgage

Rocket Mortgage in Canada will deliver a tech-driven client experience to revolutionize the mortgage process for Canadians, just as its sister company has done in the U.S. WINDSOR, ON , July 12, 2022 /P...

Insiders Buying Rocket Companies, Schnitzer Steel And This Energy Stock

Although US stocks closed mixed on Friday following the release of June's jobs report, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the compan...

Other symbols: SCHNESTE

Why Shares of Rocket Companies Are Rising This Week

A Wall Street analyst upgraded the stock this week.

Why Rocket Companies Stock Popped Today

Analysts are getting more bullish on the real estate services provider.

Wells' Don Fandetti on how Fed tightening could affect mortgage lending

Don Fandetti, Wells Fargo, joins 'The Exchange' to discuss Wells upgrading Rocket Companies to overweight and the impact on mortgage lending from Fed tightening.

Other symbols: CFGCOOPFISVFNF

Rocket Companies (RKT) Stock Gets Boost From Wells Fargo Upgrade

RKT stock is rocketing higher today as a big bank analyst expects Rocket Companies to prevail despite difficult market conditions. The post Rocket Companies (RKT) Stock Gets Boost From Wells Fargo Upgra...

Mortgage lender Rocket stock pops on Wells Fargo upgrade

Yahoo Finance Live anchors Brad Smith and Brian Sozzi discuss Rocket Companies after Wells Fargo upgraded the stock.

Three Cheap Stocks That Just Got Upgraded

Now that the S&P 500 (NYSEARCA: SPY) has corrected about 20% the stock market is starting to look cheap again. While we think the broad market still has a ways to go before hitting bottom there are some...

Other symbols: AOSMERC

6 Stocks Insiders Are Buying Now

These are 6 stocks insiders are buying now. Execs buying shares now want to get in before Q2 earnings come out - a good sign for investors.

Other symbols: CHGGCHKDVAKDPAA

Insiders Have Been Scooping Up Shares Of This Beaten Down 2020 IPO

Two members of the Board of Directors of a beaten down mortgage related company have been buying shares of the company. Here's what investors should know.

Why Shares of Rocket Companies, Zillow, and Redfin Are Up This Week

Real estate stocks fared better this week after mortgage applications rose last week.

Other symbols: RDFNZZG

Homebuilder stocks lead markets higher, travel stocks in the red

Yahoo Finance's Jared Blikre joins the Live show to break down how stocks are trading as Fed Chair Powell continues to testify before Congress.

Here's Why Shares of Rocket Companies Are Down 18% This Week

Rocket Companies continues to struggle as interest rates soar.