Rocket Companies, Inc. (RKT)
Market Cap | 24.52B |
Revenue (ttm) | 3.80B |
Net Income (ttm) | -15.51M |
Shares Out | 1.99B |
EPS (ttm) | -0.15 |
PE Ratio | n/a |
Forward PE | 38.94 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,500,768 |
Open | 12.29 |
Previous Close | 12.20 |
Day's Range | 12.16 - 12.69 |
52-Week Range | 7.17 - 15.19 |
Beta | 2.39 |
Analysts | Sell |
Price Target | 10.20 (-17.41%) |
Earnings Date | May 2, 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 15 analysts, the average rating for RKT stock is "Sell." The 12-month stock price forecast is $10.2, which is a decrease of -17.41% from the latest price.
News
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...
Homeowners scrambling for cash breathe new life into second-lien mortgage market
Second-lien mortgages have been getting a new lease on life as more borrowers tap their homes for cash two years after the Federal Reserve began jacking up interest rates.
Rocket Companies Announces Fourth Quarter and Full Year 2023 Results
Generated Q4'23 net revenue of $694 million and adjusted revenue of $885 million. Adjusted revenue exceeded the high end of guidance range, and year-over-year growth accelerated for a second quarter i...
Rocket Companies to Announce Fourth Quarter and Full Year 2023 Results on February 22
DETROIT , Feb. 8, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other fi...
Rocket Homes Real Estate Search App Now Available on Apple Vision Pro
Homebuyers can virtually explore listings and tour properties through the Rocket Homes app on Apple Vision Pro DETROIT , Feb. 5, 2024 /PRNewswire/ -- Rocket Homes Real Estate LLC , a tech-based real e...
Rocket Companies Appoints AI and Fintech Expert Alex Rampell to Board of Directors
This appointment of Rampell, along with the recent addition of CEO Varun Krishna to the Board, furthers the Company's fintech and AI-driven vision. DETROIT , Feb. 1, 2024 /PRNewswire/ -- Rocket Compan...
Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer
Mildenhall is an internationally recognized marketing leader with decades of experience growing brands for public companies including Coca Cola and Airbnb. DETROIT , Jan. 4, 2024 /PRNewswire/ -- Rocke...
Rocket Mortgage parent's stock rocked by analyst's sell call
Shares of Rocket Cos. tumbled Wednesday toward their worst day in 14 months after Keefe, Bruyette & Woods analyst Bose George turned bearish, citing valuation and the company's weakness in the home-pu...
Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership
Rocket Homes now shows nearby homes for sale on the car screen through Apple CarPlay. DETROIT , Dec. 12, 2023 /PRNewswire/ -- Rocket Homes, a tech-based real estate service provider and part of Rocket...
Agree Realty Announces Appointment of Linglong He to Board of Directors
ROYAL OAK, Mich. , Dec. 11, 2023 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Linglong He will join the Company's Board of Directors (the "Board"), effecti...
Rocket Companies CEO: Most of the players in real estate are 'significantly under-penetrated'
Varun Krishna, Rocket Companies CEO, joins 'Squawk Box' to discuss mortgage demand, mortgage rate trends, the state of the housing market, impact of A.I., and more.
Rocket Companies Announces Third Quarter 2023 Results
Generated Q3'23 net revenue of $1.203 billion and adjusted revenue of $1.002 billion. Adjusted revenue exceeded the high end of guidance range Reported GAAP net income of $115 million, or $0.04 per GA...
Sterling Bank and Trust Teams Up with Rocket Mortgage to Offer Bank Customers Access to Rocket's Award-Winning Home Loan Experience
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bank and Trust, F.S.B., the wholly owned subsidiary of Sterling Bancorp, Inc. (NASDAQ: SBT) today announced a partnership with Rocket Mortgage, America's l...
Pathfinder, Rocket's Proprietary Mortgage Guideline Search Engine, Reaches New Heights Using Automation, AI and Machine Learning
The innovative tool leverages generative AI technology to provide one source of truth for loan officers and underwriters, helping buyers purchase their new home with speed and certainty DETROIT , Oct....
Lendesk Harnesses the Power of Artificial Intelligence With New Lender Spotlight AI Assistant - Saving Mortgage Professionals Time and Finding Solutions Faster for Homebuyers
New generative AI resource improves precision and expedites decision-making, helping Canadian homebuyers access mortgage options quicker VANCOUVER, BC , Oct. 24, 2023 /PRNewswire/ -- Lendesk Technolog...
Rocket Companies to Announce Third Quarter 2023 Results on November 2
DETROIT , Oct. 19, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...
Rocket Companies Announces Second Quarter 2023 Results
Rocket Companies appoints Varun Krishna as Chief Executive Officer of Rocket Companies and Rocket Mortgage Generated Q2'23 net revenue of $1.236 billion and adjusted revenue of $1.002 billion. Adjuste...
Rocket Companies Appoints Varun Krishna Chief Executive Officer
Highly Accomplished Fintech Executive with Proven Track Record of Delivering Superior Performance and Innovation Bob Walters, Rocket Companies Executive and Rocket Mortgage CEO to Retire Effective Sep...
Rocket Mortgage Ranked #1 in the U.S. for Client Satisfaction in Mortgage Servicing by J.D. Power for the 9th Time
The company has earned 21 total accolades from J.D. Power – including 12 top rankings for mortgage origination – the most of any home lender.
Rocket Mortgage Canada Becomes Mortgage Lender - Helping Simplify the Homebuying Experience
Canada's newest lender will offer end-to-end technology platform, ensuring transparency and speed throughout every step of the homebuying process WINDSOR, ON , July 25, 2023 /PRNewswire/ -- Rocket Mor...
Rocket Companies to Announce Second Quarter 2023 Results on August 3
DETROIT , July 20, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real esta...
Lowe's cuts guidance, Rocket introduces 1% down program for home buyers
Yahoo Finance reporter Dani Romero discusses Lowe's Q1 earnings which indicate that homeowners are remodeling their homes less and breaks down which areas consumers are downsizing in.