Rocket Companies (RKT) to Release Earnings on Thursday

Rocket Companies (NYSE:RKT) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $1.15 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Rocket Companies Stock Performance

NYSE:RKT opened at $13.12 on Tuesday. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of -81.97 and a beta of 2.43. The business has a 50 day moving average of $11.93 and a 200 day moving average of $15.25. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RKT. Morgan Stanley cut their price objective on shares of Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Keefe, Bruyette & Woods cut their price target on shares of Rocket Companies from $11.50 to $10.50 and set an “underperform” rating for the company in a research report on Friday, January 3rd. Barclays decreased their price objective on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Royal Bank of Canada dropped their target price on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, November 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target (down from $18.00) on shares of Rocket Companies in a research note on Wednesday, November 13th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.