Q2 EPS Estimates for Rocket Companies Lowered by Wedbush

Rocket Companies, Inc. (NYSE:RKT - Free Report) - Investment analysts at Wedbush dropped their Q2 2025 earnings per share (EPS) estimates for Rocket Companies in a research note issued to investors on Wednesday, April 16th. Wedbush analyst J. Mccanless now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.11. Wedbush currently 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' Q3 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.12 EPS.

RKT has been the topic of several other reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $18.00 target price on shares of Rocket Companies in a report on Tuesday, April 1st. The Goldman Sachs Group dropped their target price on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price target on the stock in a research note on Wednesday, April 2nd. UBS Group cut their price objective on shares of Rocket Companies from $14.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their target price on Rocket Companies from $14.00 to $10.50 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $14.38.

Rocket Companies Price Performance

NYSE:RKT traded up $0.53 on Thursday, reaching $12.08. The stock had a trading volume of 2,998,330 shares, compared to its average volume of 4,583,059. The company has a market capitalization of $24.10 billion, a P/E ratio of -75.36 and a beta of 2.35. The stock has a fifty day moving average price of $13.47 and a 200-day moving average price of $13.60. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38.

Rocket Companies Cuts Dividend

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

Institutional Trading of Rocket Companies

Several institutional investors and hedge funds have recently bought and sold shares of RKT. Vanguard Group Inc. lifted its stake in Rocket Companies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 12,520,074 shares of the company's stock valued at $140,976,000 after purchasing an additional 431,054 shares during the last quarter. Boston Partners lifted its position in shares of Rocket Companies by 29.8% during the 4th quarter. Boston Partners now owns 12,313,780 shares of the company's stock valued at $138,673,000 after acquiring an additional 2,829,292 shares during the period. JPMorgan Chase & Co. increased its position in shares of Rocket Companies by 2.2% in the fourth quarter. JPMorgan Chase & Co. now owns 8,161,979 shares of the company's stock worth $91,904,000 after purchasing an additional 174,978 shares during the period. Nuveen Asset Management LLC raised its stake in Rocket Companies by 52.7% in the fourth quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company's stock valued at $91,455,000 after purchasing an additional 2,804,090 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Rocket Companies by 174.5% in the 4th quarter. Wellington Management Group LLP now owns 4,705,177 shares of the company's stock valued at $52,980,000 after purchasing an additional 2,990,837 shares during the last quarter. Institutional investors own 4.59% of the company's stock.

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.