Rocket Companies, Inc. (RKT)
- Previous Close
14.56 - Open
14.20 - Bid 13.75 x 1200
- Ask 14.50 x 1100
- Day's Range
13.87 - 14.37 - 52 Week Range
7.17 - 15.60 - Volume
1,921,553 - Avg. Volume
2,446,600 - Market Cap (intraday)
28.299B - Beta (5Y Monthly) 2.42
- PE Ratio (TTM)
7.90 - EPS (TTM)
1.80 - Earnings Date Aug 1, 2024 - Aug 5, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date Mar 7, 2022
- 1y Target Est
11.69
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
Recent News: RKT
Performance Overview: RKT
Trailing total returns as of 6/7/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: RKT
Valuation Measures
Market Cap
1.99B
Enterprise Value
--
Trailing P/E
118.67
Forward P/E
59.17
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
6.48
Price/Book (mrq)
3.05
Enterprise Value/Revenue
1.56
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
0.41%
Return on Assets (ttm)
1.98%
Return on Equity (ttm)
3.73%
Revenue (ttm)
4.74B
Net Income Avi to Common (ttm)
19.22M
Diluted EPS (ttm)
1.80
Balance Sheet and Cash Flow
Total Cash (mrq)
1.06B
Total Debt/Equity (mrq)
143.36%
Levered Free Cash Flow (ttm)
173.61M
Research Analysis: RKT
Company Insights: RKT
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Research Reports: RKT
Maintaining HOLD on leading mortgage originator
Detroit-based Rocket Companies has three main businesses: Rocket Mortgage, a mortgage lender; Rocket Money, a personal finance app; and Rocket Homes, a home search platform and real estate agent referral network. The company has 14,700 employees, down from a peak of 26,000.
RatingPrice TargetStocks closed lower on Thursday. The Dow fell 330 points after Wednesday's 400
Stocks closed lower on Thursday. The Dow fell 330 points after Wednesday's 400 point drop, dragged down by Salesforce (CRM, -19.7%). Shares of Trump Media and Technology Group (DJT) are down 6% in after hours following Trump's conviction news. The S&P 500 was down 0.6% and the Nasdaq fell 1.1%.
Rocket Earnings: Margins Improve, but Volume Remains Low
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 TargetHigher 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 Target