Rocket Companies (RKT) Projected to Post Quarterly Earnings on Thursday

Rocket Companies (NYSE:RKT) is projected to announce 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Rocket Companies Price Performance

Shares of Rocket Companies stock opened at $13.12 on Thursday. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. The company’s 50-day moving average price is $11.88 and its two-hundred day moving average price is $15.37. Rocket Companies has a 52 week low of $10.06 and a 52 week high of $21.38. The stock has a market cap of $26.18 billion, a PE ratio of -82.02 and a beta of 2.43.

Analysts Set New Price Targets

Several equities research analysts have commented on RKT shares. Wedbush reiterated a “neutral” rating and issued a $13.00 price target (down from $18.00) on shares of Rocket Companies in a research report on Wednesday, November 13th. Morgan Stanley dropped their price target on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. Bank of America lifted their price target on Rocket Companies from $14.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 14th. Royal Bank of Canada dropped their price target on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 13th. Finally, Piper Sandler dropped their price target on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.