Wedbush Predicts Rocket Companies' Q1 Earnings (NYSE:RKT)

Rocket Companies, Inc. (NYSE:RKT - Free Report) - Equities research analysts at Wedbush reduced their Q1 2025 earnings per share estimates for Rocket Companies in a report issued on Wednesday, April 16th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.11. Wedbush has a "Outperform" rating and a $13.00 price objective on the stock. The consensus estimate for Rocket Companies' current full-year earnings is $0.15 per share. Wedbush also issued estimates for Rocket Companies' FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.64 EPS.

Several other analysts have also recently commented on RKT. The Goldman Sachs Group reduced their price target on Rocket Companies from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their target price on shares of Rocket Companies from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Barclays upgraded Rocket Companies from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $10.00 to $14.00 in a research report on Tuesday, April 8th. Royal Bank of Canada restated a "sector perform" rating and set a $18.00 price objective on shares of Rocket Companies in a report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 target price on the stock in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Rocket Companies currently has a consensus rating of "Hold" and a consensus price target of $14.38.

Rocket Companies Stock Performance

RKT traded down $0.19 on Friday, hitting $12.15. 8,499,410 shares of the company traded hands, compared to its average volume of 4,636,643. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $24.25 billion, a PE ratio of -75.94 and a beta of 2.35. The company has a 50 day moving average of $13.46 and a 200-day moving average of $13.59. Rocket Companies has a 12-month low of $10.06 and a 12-month high of $21.38.

Rocket Companies Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, March 20th. Rocket Companies's dividend payout ratio (DPR) is presently 801.25%.

Institutional Trading of Rocket Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Rocket Companies by 302.2% during the 1st quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock worth $36,000 after acquiring an additional 2,221 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Rocket Companies during the fourth quarter worth $47,000. GAMMA Investing LLC grew its stake in shares of Rocket Companies by 82.4% during the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock worth $47,000 after purchasing an additional 1,764 shares during the period. KBC Group NV increased its holdings in Rocket Companies by 58.1% in the fourth quarter. KBC Group NV now owns 6,056 shares of the company's stock valued at $68,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Rocket Companies by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 8,295 shares of the company's stock valued at $93,000 after buying an additional 3,019 shares during the period. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Company Profile

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 buying and selling experience; and Rocket Loans, an online-based personal loans business.