Rocket Companies (RKT) to report results on Thursday

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Rocket Companies (NYSE: RKT) are expected to report results after market close on Thursday, November 4. Analysts expect the company to report earnings of $ 0.46 per share for the quarter. Parties interested in participating in the company conference call can do so using this link.

Rocket Companies (NYSE: RKT) last reported quarterly results on Thursday, August 12. The company reported EPS of $ 0.46 for the quarter, beating the Zacks consensus estimate of $ 0.45 by $ 0.01. Rocket Companies reported a return on equity of 94.06% and a net margin of 2.31%. The company posted revenue of $ 2.67 billion for the quarter, compared to analysts’ expectations of $ 2.77 billion. On average, analysts expect Rocket Companies to post EPS of $ 2 for the current fiscal year and EPS of $ 1 for the next fiscal year.

RKT shares opened at $ 16.04 on Thursday. The company has a market cap of $ 31.88 billion, a P / E ratio of 5.17, a PEG ratio of 0.77 and a beta of 1.87. Rocket Companies has a fifty-two week minimum of $ 14.94 and a week maximum of $ 52.00. The company has a debt to equity ratio of 2.74, a rapid ratio of 24.42 and a current ratio of 24.42. The stock has a 50-day moving average price of $ 16.83 and a two-hundred-day moving average price of $ 18.51.

RKT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Rocket Companies’ shares from a “hold” rating to a “buy” rating and set a price target of $ 17.00 for the company in a report released on Wednesday, October 13. Morgan Stanley raised its target price on Rocket Companies shares from $ 18.00 to $ 19.00 and gave the stock an “equal weight” rating in a report released on Friday, August 13. Royal Bank of Canada lowered its price target for rocket companies from $ 24.00 to $ 21.00 and set a “sector performance” rating for the stock in a Friday October 8 research note. They noted that the move was an appraisal call. Wedbush downgraded Rocket Companies from a “neutral” rating to an “underperforming” rating and set a price target of $ 12.00 for the company. in a research report on Tuesday, July 20. Finally, Jefferies Financial Group reduced rocket companies from a “buy” rating to a “keep” rating and lowered their target price for the stock from $ 26.00 to $ 18.00 in a report published on Monday, July 12. Three equity research analysts gave the stock a sell rating, ten assigned a conservation rating, and three gave the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $ 19.32.

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And you have a potentially explosive business.

Company Profile of Rocket Companies

Rocket Companies, Inc. operates in the technology-driven real estate, mortgage and e-commerce industries in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock which provides title insurance, property valuation and settlement services; Rocket Homes, a home search platform and referral network of real estate agents, which offers technology services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to national car rental and online car shopping platforms; and Rocket Loans, an online personal loan company.

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History of earnings for rocket companies (NYSE: RKT)

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