- Previous Close
13.61 - Open
13.71 - Bid 13.73 x 900
- Ask 13.93 x 900
- Day's Range
13.69 - 13.90 - 52 Week Range
8.83 - 21.38 - Volume
1,835,677 - Avg. Volume
3,473,334 - Market Cap (intraday)
27.306B - Beta (5Y Monthly) 2.44
- PE Ratio (TTM)
7.62 - EPS (TTM)
1.80 - Earnings Date Feb 20, 2025 - Feb 24, 2025
- Forward Dividend & Yield --
- Ex-Dividend Date Mar 7, 2022
- 1y Target Est
15.61
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. It also offers Core Digital Media, a online marketing platform in the mortgage and personal financial product sectors; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rock Connections, a sales and support platform specializing in contact center services; and Rocket Innovation Studio that recruits and mentors top technology talent. 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. The company operates as a subsidiary of Rock Holdings Inc.
www.rocketcompanies.com14,700
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: RKT
Trailing total returns as of 11/22/2024, which may include dividends or other distributions. Benchmark is
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Statistics: RKT
View MoreValuation Measures
Market Cap
2.00B
Enterprise Value
--
Trailing P/E
213.22
Forward P/E
24.21
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
2.13
Price/Book (mrq)
3.07
Enterprise Value/Revenue
1.63
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
-0.35%
Return on Assets (ttm)
0.50%
Return on Equity (ttm)
-2.91%
Revenue (ttm)
4.3B
Net Income Avi to Common (ttm)
-15.14M
Diluted EPS (ttm)
1.80
Balance Sheet and Cash Flow
Total Cash (mrq)
1.46B
Total Debt/Equity (mrq)
183.10%
Levered Free Cash Flow (ttm)
-4.05B
Research Analysis: RKT
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Research Reports: RKT
View MoreRocket Earnings: Adjusted Net Revenue Jumps Higher as Lower Rates Push Origination Volume Higher
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
RatingPrice TargetRocket Companies: Increasing Our Valuation as Lower Interest Rates Set the Stage for Better Results
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
RatingPrice TargetHigh Mortgage Rates Are a Major Headwind for Rocket's Near-Term Results
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company’s mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company’s lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket’s origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
RatingPrice TargetArgus Quick Note: Weekly Stock List for 09/30/2024: Shooting Stars and Falling Angels in 3Q24
The third quarter of 2024 has been rewarding for equity investors, as the S&P 500 increased another 5% and has gained almost 20% year to date. Surprise, surprise, though, as value was the segment leader in the quarter. The S&P 500 Value Index advanced approximately 7% in the period, while the S&P 500 Growth Index edged only 3% higher. Leading sectors included Real Estate, Utilities, Financial, Healthcare and Industrials, while lagging sectors for the past three months included Information Technology and Energy. The average stock in the Argus Universe of Coverage rose almost 8% during the quarter, while the median stock increased 9%. The average BUY-rated stock rose 8.3%, while the average HOLD-rated stock gained 6.7%. Here are the top-10 and bottom-five performers from the Argus Universe in 3Q24.