Rocket Companies (RKT) Scheduled to Post Quarterly Earnings on Tuesday

Rocket Companies (NYSE:RKT) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Rocket Companies to post earnings of $0.08 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Rocket Companies Price Performance

Shares of NYSE RKT opened at $15.87 on Friday. The company has a fifty day moving average price of $18.06 and a 200 day moving average price of $16.19. The firm has a market cap of $31.57 billion, a PE ratio of 226.89 and a beta of 2.46. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 1.27. Rocket Companies has a 1-year low of $7.85 and a 1-year high of $21.38.

Wall Street Analyst Weigh In

RKT has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Rocket Companies from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods raised Rocket Companies from an “underperform” rating to a “market perform” rating in a research report on Monday, August 5th. UBS Group upped their price objective on Rocket Companies from $11.50 to $14.00 and gave the company a “sell” rating in a research note on Monday, September 16th. Royal Bank of Canada increased their price target on Rocket Companies from $16.00 to $20.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 11th. Finally, Bank of America lifted their price objective on shares of Rocket Companies from $12.00 to $14.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.15.

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.