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S&P 500   3,829.34
DOW   31,402.01
QQQ   312.83
S&P 500   3,829.34
DOW   31,402.01
QQQ   312.83
S&P 500   3,829.34
DOW   31,402.01
QQQ   312.83
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Rocket Companies, Inc. to Post Q3 2021 Earnings of $0.77 Per Share, Jefferies Financial Group Forecasts (NYSE:RKT)

Last updated on Wednesday, January 27, 2021 | 2021 MarketBeat

Rocket Companies, Inc. (NYSE:RKT) - Jefferies Financial Group lifted their Q3 2021 earnings per share estimates for shares of Rocket Companies in a report released on Monday, January 25th. Jefferies Financial Group analyst R. Carr now forecasts that the company will earn $0.77 per share for the quarter, up from their previous estimate of $0.60. Jefferies Financial Group currently has a "Buy" rating and a $27.50 target price on the stock. Jefferies Financial Group also issued estimates for Rocket Companies' FY2021 earnings at $2.26 EPS and Q4 2022 earnings at $0.50 EPS.

A number of other equities analysts also recently issued reports on RKT. Credit Suisse Group cut their price objective on shares of Rocket Companies from $29.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, November 11th. Morgan Stanley lowered their price objective on Rocket Companies from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Monday, November 2nd. Keefe, Bruyette & Woods lowered Rocket Companies from a "market perform" rating to an "underperform" rating and set a $19.00 price objective on the stock. in a research note on Thursday, December 17th. Bank of America reiterated a "buy" rating and issued a $27.00 target price (down from $32.00) on shares of Rocket Companies in a research note on Wednesday, November 11th. Finally, Zacks Investment Research upgraded Rocket Companies from a "hold" rating to a "strong-buy" rating and set a $26.00 price target for the company in a research report on Friday, December 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Rocket Companies has an average rating of "Hold" and a consensus price target of $25.63.

NYSE RKT opened at $22.70 on Wednesday. The firm's 50 day moving average price is $20.59. The company has a quick ratio of 28.59, a current ratio of 28.59 and a debt-to-equity ratio of 3.76. Rocket Companies has a 52 week low of $17.78 and a 52 week high of $34.42. Rocket Companies (NYSE:RKT) last announced its earnings results on Sunday, November 15th. The company reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.12. The firm had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.55 billion. Rocket Companies's revenue was up 163.4% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. Freestone Capital Holdings LLC bought a new position in Rocket Companies during the 3rd quarter valued at about $30,000. Dimension Capital Management LLC bought a new position in Rocket Companies during the third quarter valued at approximately $32,000. Weaver Consulting Group purchased a new stake in Rocket Companies in the third quarter worth approximately $38,000. Shine Investment Advisory Services Inc. bought a new stake in Rocket Companies in the 3rd quarter worth approximately $40,000. Finally, Clearstead Advisors LLC purchased a new stake in Rocket Companies during the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 3.97% of the company's stock.

About Rocket Companies

Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom.

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Earnings History and Estimates for Rocket Companies (NYSE:RKT)

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