Rocket Companies, Inc. (RKT)

NYSE: RKT · IEX Real-Time Price · USD
8.40
-0.07 (-0.83%)
At close: Sep 22, 2023, 4:00 PM
8.64
+0.24 (2.86%)
After-hours: Sep 22, 2023, 7:57 PM EDT
-0.83%
Market Cap 16.69B
Revenue (ttm) 3.68B
Net Income (ttm) -21.79M
Shares Out 1.99B
EPS (ttm) -0.26
PE Ratio n/a
Forward PE 49.00
Dividend n/a
Ex-Dividend Date n/a
Volume 1,665,985
Open 8.53
Previous Close 8.47
Day's Range 8.33 - 8.64
52-Week Range 5.97 - 11.95
Beta 2.09
Analysts Hold
Price Target 9.09 (+8.21%)
Earnings Date Nov 2, 2023

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]

Sector Financials
IPO Date Aug 6, 2020
Employees 18,500
Stock Exchange NYSE
Ticker Symbol RKT
Full Company Profile

Financial Performance

In 2022, RKT's revenue was $5.84 billion, a decrease of -54.79% compared to the previous year's $12.91 billion. Earnings were $46.42 million, a decrease of -84.94%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for RKT stock is "Hold." The 12-month stock price forecast is $9.09, which is an increase of 8.21% from the latest price.

Price Target
$9.09
(8.21% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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.

Other symbols: LOW
4 months ago - Yahoo Finance

Rocket Mortgage Addresses Affordability Challenges with New 1% Down Home Loan Program

ONE+ offers an exclusive affordable home loan option, with mortgage insurance at no cost to the homebuyer – potentially saving more than 90 million Americans thousands of dollars DETROIT , May 22, 202...

4 months ago - PRNewsWire

Rocket Companies Announces First Quarter 2023 Results

Generated Q1'23 net revenue of $666 million and adjusted revenue of $882 million. Adjusted revenue exceeded the high end of guidance range Reached 27.6 million Rocket Accounts1 across our ecosystem, a...

5 months ago - PRNewsWire

Rocket Companies to Announce First Quarter 2023 Results on May 4

DETROIT , April 21, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real est...

5 months ago - PRNewsWire

RESAAS Enters into Partnership with Rocket Mortgage Canada

RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rock...

5 months ago - PRNewsWire

It Takes Two: Homebuyers Save Big with New Offer from Rocket Mortgage and Rocket Homes

Homebuyers will receive up to $10,000 toward closing costs when using Rocket Mortgage along with a Rocket Homes Partner Agent DETROIT , April 3, 2023 /PRNewswire/ -- Rocket Mortgage, the nation's larg...

6 months ago - PRNewsWire

Swipe or Tap Your Way To A Home: New Rocket Visa Signature Card Is The First Credit Card Designed with Homeownership in Mind

Cardholders can earn 5% back toward a down payment or 2% toward their mortgage principal balance with Rocket Mortgage DETROIT , March 28, 2023 /PRNewswire/ -- Rocket Companies, Inc . (NYSE: RKT), a De...

6 months ago - PRNewsWire

Rocket Mortgage Further Expands Affordable Homebuying Options with New BorrowSmart Access

Company launches second special purpose credit program in three months by offering new Freddie Mac program offering $3,000 to use toward a down payment for those buying in underrepresented communities...

7 months ago - PRNewsWire

Rocket Companies Announces Fourth Quarter and Full Year 2022 Results

Generated Full Year 2022 revenue of $5.8 billion and net income of $700 million Reached 25.4 million Rocket Accounts1 across our ecosystem, as of December 31, 2022 Rocket Rewards, our loyalty program,...

7 months ago - PRNewsWire

Lendesk Automates Loan Document Submission Through Partnerships with Tech Provider Intellifi and Mortgage Lender Strive

The final step in Lendesk's end-to-end digital mortgage experience saves time and adds a layer of security for both Canadian mortgage brokers and lenders VANCOUVER, BC , Feb. 15, 2023 /PRNewswire/ -- ...

7 months ago - PRNewsWire

Rocket Companies to Announce Fourth Quarter and Full Year 2022 Results on February 28

DETROIT , Feb. 14, 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...

7 months ago - PRNewsWire

Rocket Companies stock falls toward 7th-straight loss as CEO Jay Farner to retire after 27 years with company

Shares of Rocket Companies Inc. RKT, -3.08% slumped 4.5% toward a seventh-straight decline in premarket trading Monday, after the mortgage, real estate and financial services company said Chief Execut...

7 months ago - Market Watch

Rocket Companies Announces CEO Transition Plan

Jay Farner to Retire  June 1, 2023, After 27 Years with Company Longtime Rocket Executive Bill Emerson Named  Interim CEO, Emerson Served 15 Years as Farner's Immediate Predecessor Rocket Initiates Se...

7 months ago - PRNewsWire

‘I'm very optimistic': Rocket Companies CEO says the housing market will return to ‘normal' in 2023

Mortgage rates are falling. Will that be enough for the housing market to recover? Rocket Companies' CEO Jay Farner believes so

8 months ago - Market Watch

Rocket Mortgage Introduces Purchase Plus, Helping Make the American Dream of Homeownership More Attainable

Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership DETROIT , Dec. 27, 2022 /PRNews...

9 months ago - PRNewsWire

Finding a Better Way: Rocket Mortgage Ranked #1 in the U.S. for Client Satisfaction in Mortgage Origination by J.D. Power for 12th Time

The FinTech leader's J.D. Power recognition is their 20th top ranking for client satisfaction, including eight #1 rankings for mortgage servicing DETROIT , Nov. 10, 2022 /PRNewswire/ -- Rocket Mortgag...

11 months ago - PRNewsWire

Rocket Companies Announces Third Quarter Results

Generated Q3'22 net revenue of $1.3 billion and net income of $96 million Delivered closed loan volume, net rate lock volume and gain on sale margin within our guided range Rocket reached 24 million R...

11 months ago - PRNewsWire

Rocket Mortgage Again Expands Home Loan Options, Begins Financing Manufactured Homes

This is the latest in a series of new loan programs from Rocket Mortgage that help Americans achieve homeownership DETROIT , Nov. 2, 2022 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage...

11 months ago - PRNewsWire

Rocket Companies Introduces Rocket Rewards: New Engagement Program Helps Consumers Save Toward Their Financial Future

Loyalty program offers homebuyers savings on closing costs when using America's largest lender. DETROIT , Nov. 1, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT), a Detroit-based FinTech platf...

11 months ago - PRNewsWire

Rocket Companies Announces Third Quarter 2022 Earnings Date

DETROIT , Oct. 20, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortga...

1 year ago - PRNewsWire