Rocket Companies (RKT) Projected to Post Earnings on Thursday

Rocket Companies (NYSE:RKT - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.28 billion for the quarter. Rocket Companies has set its Q2 2025 guidance at EPS.

Rocket Companies (NYSE:RKT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.26 billion. Rocket Companies had a net margin of 0.06% and a return on equity of 3.61%. Rocket Companies's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. On average, analysts expect Rocket Companies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rocket Companies Trading Up 0.8%

RKT stock traded up $0.12 during midday trading on Friday, reaching $14.98. 16,701,619 shares of the company's stock traded hands, compared to its average volume of 11,475,945. Rocket Companies has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The business has a 50-day moving average price of $13.69 and a two-hundred day moving average price of $13.12. The company has a market capitalization of $29.96 billion, a P/E ratio of -499.23 and a beta of 2.28. The company has a debt-to-equity ratio of 1.37, a current ratio of 12.62 and a quick ratio of 12.62.

Institutional Trading of Rocket Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Rocket Companies by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,619 shares of the company's stock worth $4,473,000 after buying an additional 40,326 shares during the last quarter. AQR Capital Management LLC lifted its stake in Rocket Companies by 1,086.5% during the first quarter. AQR Capital Management LLC now owns 400,467 shares of the company's stock worth $4,734,000 after purchasing an additional 366,716 shares during the last quarter. Amundi boosted its holdings in Rocket Companies by 3.1% in the first quarter. Amundi now owns 33,416 shares of the company's stock worth $403,000 after purchasing an additional 997 shares during the period. Finally, Royal Bank of Canada increased its stake in Rocket Companies by 48.9% during the first quarter. Royal Bank of Canada now owns 69,641 shares of the company's stock valued at $841,000 after purchasing an additional 22,861 shares during the last quarter. 4.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RKT shares. Barclays raised shares of Rocket Companies from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $10.00 to $14.00 in a research report on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on Rocket Companies from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $18.00 price objective on shares of Rocket Companies in a research report on Tuesday, April 1st. Jefferies Financial Group raised their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the company a "hold" rating in a report on Tuesday. Finally, Wedbush reiterated a "neutral" rating and issued a $12.00 price objective (down previously from $13.00) on shares of Rocket Companies in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.42.

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.