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Rocket Companies - RKT Stock Forecast, Price & News

$7.18
+0.60 (+9.12%)
(As of 10/4/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.76
$7.18
50-Day Range
$6.32
$11.22
52-Week Range
$6.23
$18.13
Volume
4.19 million shs
Average Volume
4.38 million shs
Market Capitalization
$14.14 billion
P/E Ratio
5.61
Dividend Yield
N/A
Price Target
$9.04

Rocket Companies MarketRank™ Forecast

Analyst Rating
Hold
1.92 Rating Score
Upside/​Downside
21.0% Upside
$8.69 Price Target
Short Interest
Healthy
29.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Rocket Companies in the last 14 days
Based on 25 Articles This Week
Insider Trading
Acquiring Shares
$7.06 M Bought Last Quarter
Proj. Earnings Growth
1,600.00%
From $0.03 to $0.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Business Services Sector

71st out of 336 stocks

Mortgage Bankers & Correspondents Industry

3rd out of 7 stocks

RKT stock logo

About Rocket Companies (NYSE:RKT) Stock

Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses 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; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.

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RKT Stock News Headlines

Rocket Companies Announces Executive Leadership Changes
What 6 Analyst Ratings Have To Say About Rocket Companies
Rocket Companies, Inc. (RKT)
Rocket Companies, Inc. (NYSE:RKT) CEO Jay Farner Buys 26,500 Shares
Friday 9/16 Insider Buying Report: RKT, COHR
See More Headlines
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RKT Company Calendar

Last Earnings
8/04/2022
Today
10/04/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Fax
N/A
Employees
26,000
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$8.69
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
+25.9%
Consensus Rating
Hold
Rating Score (0-4)
1.92
Research Coverage
12 Analysts

Profitability

Net Income
$308.21 million
Pretax Margin
35.02%

Debt

Sales & Book Value

Annual Sales
$12.91 billion
Cash Flow
$2.54 per share
Book Value
$4.94 per share

Miscellaneous

Outstanding Shares
1,969,955,000
Free Float
118,000,000
Market Cap
$14.14 billion
Optionable
Not Optionable
Beta
1.67

Social Links


Key Executives

  • Mr. Daniel B. Gilbert (Age 60)
    Founder & Chairman
  • Mr. Jay D. FarnerMr. Jay D. Farner (Age 49)
    Vice Chairman & CEO
    Comp: $1.6M
  • Mr. Robert Dean Walters Jr. (Age 57)
    Pres & COO
    Comp: $1.03M
  • Ms. Julie R. Booth (Age 52)
    CFO & Treasurer
    Comp: $878.56k
  • Mr. Angelo V. Vitale (Age 63)
    Gen. Counsel & Sec.
    Comp: $678.95k
  • Mr. Brian Nicholas Brown
    Chief Accounting Officer
  • Ms. Sharon Ng
    VP of Investor Relations
  • Ms. Trina Scott
    Chief Diversity Officer













RKT Stock - Frequently Asked Questions

Should I buy or sell Rocket Companies stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last year. There are currently 2 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" RKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RKT, but not buy additional shares or sell existing shares.
View RKT analyst ratings
or view top-rated stocks.

What is Rocket Companies' stock price forecast for 2022?

12 Wall Street research analysts have issued 1 year target prices for Rocket Companies' stock. Their RKT share price forecasts range from $6.50 to $11.50. On average, they anticipate the company's stock price to reach $9.04 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
View analysts price targets for RKT
or view top-rated stocks among Wall Street analysts.

How have RKT shares performed in 2022?

Rocket Companies' stock was trading at $14.00 at the beginning of 2022. Since then, RKT stock has decreased by 50.3% and is now trading at $6.96.
View the best growth stocks for 2022 here
.

When is Rocket Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RKT earnings forecast
.

How were Rocket Companies' earnings last quarter?

Rocket Companies, Inc. (NYSE:RKT) issued its earnings results on Thursday, August, 4th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. Rocket Companies had a net margin of 1.85% and a trailing twelve-month return on equity of 19.79%. The business's revenue was down 47.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share.

How often does Rocket Companies pay dividends? What is the dividend yield for Rocket Companies?

Rocket Companies declared a dividend on Thursday, February 24th. Shareholders of record on Tuesday, March 8th will be paid a dividend of $1.01 per share on Tuesday, March 22nd. The ex-dividend date of this dividend is Monday, March 7th.
Read our dividend analysis for RKT
.

When did Rocket Companies' stock split?

Shares of Rocket Companies split before market open on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were issued to shareholders after the closing bell on Wednesday, August 27th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What other stocks do shareholders of Rocket Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rocket Companies investors own include Tesla (TSLA), NVIDIA (NVDA), Advanced Micro Devices (AMD), Boeing (BA), Block (SQ), DraftKings (DKNG), Zoom Video Communications (ZM), NIO (NIO), Walmart (WMT) and DocuSign (DOCU).

When did Rocket Companies IPO?

(RKT) raised $3.2 billion in an IPO on Thursday, August 6th 2020. The company issued 150,000,000 shares at $20.00-$22.00 per share. Goldman Sachs, Morgan Stanley, Credit Suisse, J.P. Morgan, RBC Capital Markets, Allen & Co, BofA Securities, Barclays, Citigroup and UBS Investment Bank served as the underwriters for the IPO and Castle Oak Securities, Drexel Hamilton, Fifth Third Securities, Huntington Capital Markets, Loop Capital, Mischler Financial, Nomura, Ramirez & Co., Siebert Williams Shank and Zelman Partners were co-managers.

What is Rocket Companies' stock symbol?

Rocket Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "RKT."

How do I buy shares of Rocket Companies?

Shares of RKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rocket Companies' stock price today?

One share of RKT stock can currently be purchased for approximately $6.96.

How much money does Rocket Companies make?

Rocket Companies (NYSE:RKT) has a market capitalization of $13.71 billion and generates $12.91 billion in revenue each year. The company earns $308.21 million in net income (profit) each year or $1.28 on an earnings per share basis.

How many employees does Rocket Companies have?

The company employs 26,000 workers across the globe.

How can I contact Rocket Companies?

Rocket Companies' mailing address is 1050 WOODWARD AVENUE, DETROIT MI, 48226. The official website for the company is www.rocketcompanies.com. The company can be reached via phone at 313-373-7990 or via email at ir@rocketcompanies.com.

This page (NYSE:RKT) was last updated on 10/4/2022 by MarketBeat.com Staff

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