Rocket Companies (RKT) Projected to Post Quarterly Earnings on Thursday

Rocket Companies (NYSE:RKT - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect Rocket Companies to post earnings of $0.06 per share and revenue of $1.26 billion for the quarter.

Rocket Companies Trading Up 2.6 %

Shares of RKT stock traded up $0.33 during mid-day trading on Tuesday, hitting $12.94. 7,004,426 shares of the company's stock were exchanged, compared to its average volume of 4,772,947. Rocket Companies has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The stock has a 50-day simple moving average of $13.43 and a two-hundred day simple moving average of $13.42. 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 cap of $25.83 billion, a price-to-earnings ratio of -80.88 and a beta of 2.35.

Rocket Companies Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price objective on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group cut their target price on Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Barclays raised Rocket Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $10.00 to $14.00 in a research report on Tuesday, April 8th. Wedbush reaffirmed an "outperform" rating and issued a $13.00 target price on shares of Rocket Companies in a research report on Wednesday, April 16th. Finally, UBS Group cut their target price on Rocket Companies from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $14.38.

About Rocket Companies

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.